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British Journalist Squares Off Against Former Goldman Partner

Posted on Nov 23, 2011
YouTube / liarpoliticians

A rich banker who appears to have learned none of the lessons of 20th-century economic history. A newscaster who snickers at an impassioned argument. And a reporter dismissed as a young girl who will one day learn better.

This exchange between a former Goldman Sachs partner, a BBC correspondent and British journalist Laurie Penny, so typical of the age in which we live, filmed after Occupy Wall Street’s Nov. 17 rallies, has all the makings of an iconic moment for a generation struggling for its future against a class of elites that simply won’t listen. —ARK



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D.R. Zing's avatar

By D.R. Zing, November 27, 2011 at 10:38 pm Link to this comment

This little clip inspired the piece below. Of course
it’s posted to late for anyone to see but such is the
nature of poetry.

the prostitutes cheer the IMF and the World Bank
their dilated wallets gaining purchase
on talk shows of the Sabbath
going Greek has never
been quite so

Italy has debt
and Greece has debt

they must
sell off
their public assets

ya see
private industry
holds the key
to prosperity

but in the meantime
we must settle
for a little bit
of austerity

now if i may
make a leap of poetry
let me please say
if only the world
such easy

no government’s slogan
is bound
to please
those dancing in the lap
of luxury
but when it comes down
to reality
some of us
might wish
for a little less

ya see,
hurricanes don’t wait for the persnickety
and earthquakes don’t care about oligarchy
and when the oceans swirl the sky
and the earth cracks a smile
then you will see
most imposed oligarchy
that mother nature can be
quite persnickety

you can try to pretend
business is your friend
and that each little subject
is its very own end

but oh sad one
look at what’s been done:
the world keeps spinning
no matter which economy is winning

when the tsunami comes knocking at your door
you better hope you’re not in bed with some IMF whore
and when an earthquake swallows your city whole
you better hope you’re not on the World Bank’s dole

11-27-2011. D.R Zing. The Market Forces

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By rend it, November 25, 2011 at 5:47 pm Link to this comment

amazing, no mention of war.

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Egomet Bonmot's avatar

By Egomet Bonmot, November 25, 2011 at 9:04 am Link to this comment

Brilliant & puts the lie to the two-sides-of-every-argument style of news TV.

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By InsidiousProphet, November 25, 2011 at 8:13 am Link to this comment
(Unregistered commenter)

Funny, the former Goldman Sachs partner quickly blames governments for spending on socialist programs but fails to mention how governments are all bought and owned by corporations and the financial world who by and large have the laws written or changed so that they can continue to rape the world to satisfy their lust for money.

Today’s modern capitalism is pure evil. Corporations, an artificial, man made entity yet they have many or more rights than a human being.

Capitalism is all about the bottom line, to amass gross profits and to destroy the competition.

For the love of money is the root of all that is evil.—1 Timothy 6:10

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By JPC, November 24, 2011 at 6:24 pm Link to this comment
(Unregistered commenter)

What I see here is more like a generation that simply won’t listen. The man is right for god’s sake! This escape goat/conspiracionist narrative is starting to spread dangerously. The banks are not innocent, as aren’t all of us citizens and consumers, but the main problem is political, not economical: public debt! That, and other strucrural problems, is what brought my country (Portugal) to it’s knees; the “global” finantial crisis three years ago just gave the final push…

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By Humanitari, November 24, 2011 at 2:50 pm Link to this comment
(Unregistered commenter)

This is like seeing the teen calling the drunk father on his b, s.
spectacullar this girl, the mother jons in to express the guys “you GOT bailed by
us and now you treat us and them this way, losers”

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By tops, November 24, 2011 at 10:46 am Link to this comment


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By Haudenosaun, November 24, 2011 at 9:34 am Link to this comment

He’s irrelevant as are too the messages, opinions and warnings being spouted
by the 1%.  They’ve taken over the democracies of Greece and Italy and Spain is
probably next.  They’ve orchestrated the placement of right-wing governments
around the world to ensure that their austerity measures will be followed. 
There are, unfortunately, still segments of the population which they can

But this won’t last long as austerity measures take effect around the globe and
more laws enacted to wipe citizens of their basic freedoms.  They have shown
their hand and they are transparent to many of us.  We no longer rely on their
brainwashing medias for our information and we’ve hijacked their
communication tools to exchange information,  educate and reach out across
the world even to those whom we have been brainwashed to think of as our

It’s not a little bit of “tweeking”  that we’re looking for, but major changes
throughout our societies.  We know that the current political systems can’t give
us that unless they are forced to change.

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examinator's avatar

By examinator, November 23, 2011 at 11:48 pm Link to this comment

This is sheer entertainment(?) or serves as it today on MSM,this was a manufactured rubbish.
Which moderately informed, intelligent individual’s knowledge was increased by this?
Facts of note.
-This is an English show about England’s ‘Occupy’.
-Occupation(OWS)  are disorganised without a single clear measurable goal. So who do you listen to and about what SPECIFICALLY.
-They DID allow the clean-up to become the story and yes middle class Citizen would be annoyed by both. Appalling PR

Now the EX partner 2007 come on! Talk about ‘digging up a body’. He is largely irrelevant in this context. A little research shows he is currently a director of a right wing (stink) tank. *For the uninitiated they are people who start with a philosophic conclusion then do research to prove it*. In scientific terms putting the cart before the horse
- He is correct that some governments did spend more than they had HOWEVER in context everyone thought cheap money would last including Goldman and Sachs at the time.
- he erred in his arguments logic by not acknowledging that a major factor was the GFC that necessitated the bailouts.
- He is a committed Conservative i.e. politically inclined, and as such he could have been expected to do what he did. Divert the conversation to local political terms rather than global economics.
To me it was akin to listening to a pub debate neither were talking about the same issue that would add any genuine insight. Other than telegraphing the Talking points strategy we’re gonna hear more often. this will be geared to blunt, discredit the OWS cause…(more denialism along the same track as big Tobacco, AGW, TBers etc)

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By do over, November 23, 2011 at 11:25 pm Link to this comment

Laurie completely fails to define the decentralized process that is the heart of Occupy.  People still don’t get it.  Nor will they until an Occupier properly understands decentralized change and can communicate it.  What has thus far been presented is bare bones decentralization and people who should get it, still don’t.  There are many many more very sophisticated advanced techniques of highly effective decentralized methods; however, before these can be employed a very basic structural understanding is necessary.  That has not yet happened.

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By rumblingspire, November 23, 2011 at 7:25 pm Link to this comment
(Unregistered commenter)

for a people to allow private ownership of natural resources and essential services is foolish.  it is theft.  every new born has equal access to Life Liberty and Happiness.

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By Textynn, November 23, 2011 at 5:53 pm Link to this comment
(Unregistered commenter)

We’ve all seen this act before where some uber rich snobby crook sits there and cavalierly, almost bored, implies that others are stupid and have nothing of value to say while they very strategically interrupt ad naseum.  It has worked for centuries but finally people are getting more than done with this ,oh so affective, scam by sociopathic liars that can lie and con without blinking an eyelash and parade themselves as the unquestionable authority on what is.

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flaco's avatar

By flaco, November 23, 2011 at 5:38 pm Link to this comment

What does he want? To be put against the wall?

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By gerard, November 23, 2011 at 4:09 pm Link to this comment

Judging from the evidence here, it is probably safe to presume than most of the 1% are just as unable to change as he. For months, years, of gross economic imbalance, these guys have offered no suggestion, no idea, nothing new. On the contrary, they have stood by, let the “system gallop madly on, and simply raken in the loot.
  Chances are that none of them can or will change in future. They are stuck on “hold” and scared to press any buttons for fear the entire machine will fall apart. That frame of mind cannot allow any creative ideas.  So it is up to us, the 1 and the 99.
  The fact that people like this are allowed to hire cops to beat up on people who have ideas and want to bring about change (and non-violently st that) is due to the pro-military mind-set that sends the country marching uniformly into one war after another simply because it has become just about the country’s only source of income—moral or immoral, right or wrong, almost a habit, you might say.)
  (The meaning of “drone” and the increasing use of “drones” has more than a little significance these days:  A person who lives on the labor of others, automatic, pre-set, pre-determined—the very opposite of creative, adaptable, ingenius)

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By Marian Griffith, November 23, 2011 at 4:06 pm Link to this comment
(Unregistered commenter)

He probably is not lying about the ‘whole thing going away’.
With the social security and minimim standard of living going away, so will all economic problems. Because there will no longer be an economy, problematic or othewise.

I mean, if you reduce 85pct of the population to extreme poverty then there is really no point in forcing them to work in factories since there will not be enough consumers left to keep buying the products of those factories. So the factories close, the factory workers get laid off and the multi trillionaires can do whatever they want with their money, since it will mean absolutely nothing by that time.

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By diamond, November 23, 2011 at 2:27 pm Link to this comment

This Goldman Sachs foot soldier thinks that the economy can continue to be run like a game of ‘Grand Theft Auto’. There are plenty like him: all through the financial system and all through the political elite. No matter how many times the economy collapses they just jump up like one of those knock ‘em toys and start spouting the same old crap.

They still think everyone is stupid enough to deny the evidence and accept their lies. We face environmental and economic ruin because of people like him but he just keeps plugging the line that it’s a ‘problem of the left’ and if you just dismantle every bit of social justice and have no public spending whatsoever the whole thing will go away. He’s lying, but the only way to defend the indefensible is to do just that.

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By StephenS777, November 23, 2011 at 2:13 pm Link to this comment

Amazing how the BBC just lies about the support for OWS.  Keep up the good work Penny

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