When the financial crisis arrived, it seemed to me that this was something I had to make a movie about.
Charles FergusonForgive me, I must start by pointing out that three years after our horrific financial crisis caused by financial fraud, not a single financial executive has gone to jail, and that's wrong.
Charles FergusonThe real challenge is figuring out how the United States can regain control of its future from its new oligarchy and restore its position as a prosperous, fair, well-educated nation. For if we don't, the current pattern of great concentration of wealth and power will worsen, and we may face the steady immiseration of most of the American population.
Charles FergusonI'm actually all in favor of freeing the entrepreneurial spirit - but it turns out, interestingly, that you actually need very strict regulations to free the entrepreneurial spirit.
Charles FergusonAny attempt to disturb the deadly routine of instruction is looked upon as sabotage. And the notion that the aims and functions of education should be determined in the local community by a close and continuous discussion among students, faculty, administration, and citizens is so visionary that it is not even seriously considered.
Charles FergusonThus far, both political parties have been remarkably clever and effective in concealing this new reality. In fact, the two parties have formed an innovative kind of cartelโan arrangement I have termed Americaโs political duopoly. Both parties lie about the fact that they have each sold out to the financial sector and the wealthy. So far both have largely gotten away with the lie, helped in part by the enormous amount of money now spent on deceptive, manipulative political advertising.
Charles Ferguson