“Perfect competition”. Productivity is supposed to be irrelevant to profits, remember?

Monopolies: http://www.forbes.com/sites/ryanmac/2012/06/07/ten-lessons-from-peter-thiels-class-on-startups/

Job creation without government spending, inflation, or trade barriers: http://jobcreationplan.blogspot.com/

The honesty in this lecture is extremely refreshing; its good to know that not all are in denial. I only wish Dr. Freeman could have discussed the role of monopoly profits in these rents payments and the role of the almost complete abdication of the duties of a free press in a democracy that was needed (and duly supplied) to get us into this situation.

Unfortunately, if the only thing standing between us and economic feudalism are the solutions Dr. Freeman points to, we’d better brace ourselves; the most dire consequences of plutocracy are yet to come.