Heist: Who Stole the American Dream?

76 minutes 2012 9.0/10 based on 17 votes

Contrary to popular belief, Wall Street did not cause the economic crisis of 2008, which led to many thousands losing the jobs, their homes, and their retirement savings. Long before the general population became aware that something was going on, the dismantlement of government regulations was well advanced. Thousands of dollars were being channeled from the taxpayers into the pockets of the wealthy and corporate CEOs.

In 1929, when the stock market crashed, thousands were left without jobs and found themselves having to stand in breadlines to get food. This was followed by several years of unemployment while one by one, huge corporations declared bankruptcy. President Franklin Delano Roosevelt’s ‘New Deal’ provided jobs, social security, unemployment insurance, and made it easier for workers to join unions and bargain collectively to protect themselves against corporate abuse.

Following that, there were 50 years of economic peace in which a strong middle class was built, as the US economy became the greatest economic machine in history. Home-ownership rates skyrocketed and entrepreneurs started making money.

However, big businesses don’t like the government to get involved in their moneymaking plans and strategies. So in 1971 corporate leaders began to orchestrate a detailed plan to eliminate any government policies that might stand between them and profits.

The Chamber of Commerce launched a subtle campaign to influence public opinion as part of their plan for a makeover.

This documentary explores the economic collapse of 2008, tracing its origins back to a secret memo written in 1971 by Lewis Powell, the person who was to later become a Supreme Court Justice. Lewis Powell was a well-respected citizen of Richmond, Virginia. He was partner at a prestigious corporate law firm and a friend of an executive at the Chamber of Commerce named Eugene Sydnor. Sydnor asked his friend to draft the document, which was given the title Attack on American Free Enterprise System. The six-page memo is a free-market utopian treatise that demanded massive business makeover of government through corporate control of the media, academia, the pulpit, arts and sciences and through the destruction of organized labor and consumer protection groups.  The memo was forwarded to every corporation, inciting them to join the battle to save free enterprise.

What Powell emphasized the most was business control of law and politics. In his memo he stated that businesses should use their financial muscle to shape the politics of the country and that those who opposed should be penalized.

Heirs to six of the largest family fortunes in the United States used their private foundations to fund organizations that would promote unregulated markets. How exactly were they able to manipulate an entire nation? Find out now.

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  • slx5c

    There is a build up in the United States of America under the name of Homeland Security; however, the build up is leaving the Legal American Citizen more and more in a state of Defenselessness; if the build up is for the Legal Citizen of the USA to protect the Homeland from Foreign invaders then why begin to dismantle the Legal Citizens’ Defense Systems?
    After all, History has taught several times that Governments become An Enemy Of The State of THEIR OWN NATION! And it is under actions such as Homeland Security in which a means is provided for the Government to overtake the people, and people become frightened of their own Government; thus, The Government becomes The Enemy Of The State, and the Fascism of it is when The Wealthy and The Government become as one against everyone else in which everyone else becomes a Slave to their own Nation; thus, becomes the 99 percenters against the One Percenters in which the Wealthy and the Government are the One Percenters.
    Governments are evil by Nature; thus, they repeat in the same old sort of tricks; such as, using Homeland Security to undermine a Nation away from its own People, and it is usually too late when The People realize they have been overtaken from within by their own Government; in which, their own Government used the same old sort of tricks that History has already taught of how Governments behave when they are left unchecked.
    EYE 5

    • slx5c

      If Governments were not Evil by “NATURE” then HEAVEN would be on Earth!
      Let us test the Theory. Score Card:
      GOVERNMENTS = more than can count
      HEAVEN ON EARTH = ZERO!
      EYE 5

      • slx5c

        So let us tell the TRUTH that GOVERNEMNTS ARE EVIL BY “NATURE,” AND BY THEIR “NATURE” IS WHY THERE NEVER NEVER NEVER HAS BEEN HEAVEN ON EARTH!
        END OF STORY, AND THE MATHEMATICS WIN!!!!!
        GOVERNMENTS = MORE THAN CAN COUNT
        HEAVEN ON EARTH = ZERO
        EYE 5

        • slx5c

          If GOVERNMENTS were Not Evil by Nature there would be NO REASON for people to write CONSTITUTIONS (PLURAL)
          EYE 5

          • slx5c

            QUESTION:………………………………………………………………………………………..
            SO WHY DO PEOPLE HAVE GOVERNMENTS AND THEREFORE NEED CONSTITUTIONS TO PROTECT THE PEOPLE FROM THE GOVERNMENTS?……………………………………………………………………………………………….
            ANSWER:………………………………………………………………………………………………………….
            BECAUSE GOVERNMENTS ARE A NECESSARRY EVIL. ………………………………………………………….
            SO NOW THAT IT HAS BEEN SPOKEN SO OFTEN IT NOW ALSO HAS BECOME AUTOMATIC TO WRITE CONSTITUTIONS!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
            EYE 5

  • Bob Bechtel

    Haven’t watched the film yet, but the blurb describing it and the historical context attributes the New Deal to the administration of Teddy Roosevelt. Wow and whoops, wrong Roosevelt. It was his cousin Franklin Delano Roosevelt who was president during the Great Depression.

    • Bill Shevick

      U.S. Presidents are puppet actors for American cattle to cheer or boo. They are run by Oligarchs behind the scenes.

      When you see a person attributing historical events to U.S. Presidents, you know they are ignorant of how the world actually works.

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