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1. The Corporation is todays dominant institution creating great wealth but also great harm. This 26 award-winning documentary examines the nature evolution impacts and future of the modern business corporation and the increasing role it plays in society and our everyday lives.

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2. How the corporation came to be. Originally corporations were set up to serve the public good. Corporation lawyers gained rights through the US Supreme Court using the 14th Amendment - set up to protect slaves - that gives them the rights of a person. In the last century the corporation is given more and more rights while people are increasingly stripped of theirs.

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4. What is an externality. Milton Friedman describes it as the effect of a transaction between two parties on a third party who is not involved in the transaction. A technical sounding term that basically means let somebody else deal with the problems the corporation creates.

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7. Who bears the moral responsibility for the actions of a psychopathic institution? The employees of the corporation can be the nicest people in their personal lives but still engage in monstrous endeavours at work. Can we separate the individual from the corporation?

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8. The profit motive drives the actions of the corporation and creates a mindset of competition and anything goes. Meet corporate spy and self -described predator Marc Barry as he describes his tactics for gathering intelligence from competing corporations. Juxtapose his attitude with Ray Anderson President of Interface - who - in an epiphanic moment - realized he was a plunderer and it was only a matter of time before the law figures it out.

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9. A trader describes the tragedy of 911 as a blessing in disguise because for some people - it translated into great riches. Brokers celebrated the death and destruction of the Iraq war because - in devastation... there is opportunity -.

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10. We used to regard many areas as too essential to the public good to be commercialized - they were protected by tradition and regulation. Now everything is becoming fair game in the private taking of the commons -- land oceans air water education health energy and social assistance. Where do we draw the line.

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A lecture by CA M.R. Venkatesh in India. Notice that this lecture was uploaded on googlevideo on 10 Feb 2008. The Economist cover that he refers to was published in Jan 2008. This is a very insightful and interesting lecture. Worth a consideration even if you do not agree with all what he says. --- By encouraging LOCAL CONSUMPTION I think he means developing a locally sustainable economy with a savings culture and responsible consumption.--- The point about the connection between family and consumerism may have been loosely argued in the lecture but it is not totally baseless. If considered in the broader context of the rise of individualism and materialism in America it makes sense. Individualism seeks identity. Materialism suggests finding that in competitive consumption of material goods. Hence the idea of shopping for identity - what you consume and how much you own define you.--- Also see Story of Stuff and Confessions of an Economic Hitman videos on this site.

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The world renowned intellectual Noam Chomsky talks about Obama-s election and the probable implications. Discusses the branding of OBAMA to sell to the American people. Probes into the HISTORIC nature of Obama-s victory. Describes the Hawkish background of his cabinet members. If the selection of cabinet is any indicator then one should not expect any significant CHANGE in future in terms of economy palestine-israel conflict and the war on terror.

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International trade rules have a massive impact on people in developing countries. Learn how the WTO has been used to serve the interests of big business and not people-s needs. Courtesy PovertyIsPolitical on youtube. Posted in Nov 2006.