:56:01
for Christ sake!
:56:02
Now we couldnt wait
for the bombs
:56:04
to start raining down
on Saddam Hussein.
:56:11
We were all excited.
:56:13
We wanted Saddam to
really create problems
:56:15
Do whatever you
have to do
:56:17
set fire to some
more oil wells
:56:18
because the price is
going to go higher.
:56:21
Every broker was
chanting that
:56:22
there was not a broker
that I know of
:56:23
that wasnt
excited about that.
:56:28
This was a disaster.
:56:29
This was something
that was you know
:56:30
catastrophe happening.
:56:32
Bombing wars
:56:35
In devastation there
is opportunity.
:56:43
The pursuit of profit
is an old story
:56:45
but there was a time when
many things were regarded
:56:47
either as too sacred or too
essential for the public good
:56:51
to be considered business
opportunities.
:56:54
They were protected
by tradition
:56:56
and public regulation.
:57:05
We can really begin to take
a look at the emergence
:57:08
of the modern age with
the enclosure movements
:57:10
of the great European
commons in the fourteenth
:57:13
fifteenth and
sixteenth century.
:57:15
Medieval life uh was
a collectively lived life
:57:18
It was a brutish
nasty affair.
:57:20
But there was a collective
responsibility
:57:23
People belonged to the land;
:57:24
the land did not belong
to the people.
:57:26
And in this
European world
:57:29
people farmed the land
in a collective way
:57:31
because they saw
it as a commons.
:57:33
It belonged to God.
:57:34
And then it was
administered by the church
:57:37
the aristocracy
:57:38
and then the local manors
as stewards of gods creation.
:57:43
Beginning with Tudor England
:57:44
we began to see
a phenomenon emerge
:57:46
and that is the enclosure
of the great commons
:57:49
by Parliamentary
Acts in England
:57:50
and then in Europe.
:57:51
And so first we began to
take the great landmasses
:57:54
of the world
:57:55
which were
commons and shared
:57:56
and we reduced those
to private property.
:57:59
Then we went after the oceans
the great oceanic commons