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Web 2.0 Summit 08: Lawrence Lessig (Creative Commons)

Web 2.0 Summit 08: Lawrence Lessig (Creative Commons)

  • The Bankruptcy Abuse Prevention and Consumer Protection act of 2005 has no consumer protection.
  • The effect of this act is that Credit Card obligations cannot be escaped.
  • President Clinton was for it.
  • Hillary first called it the 'Awful Bill', opposed it. When she became a senator, she voted for it twice.(She got paid $140K by the credit card companies.)
  • Lessig believes her and we should too, he says.
  • Going back to 1785, when America was believed to be a failure. Independence had become a dependence. America sought non-dependent individuals.
  • They failed. In the 19th century, Congress was a cesspool of corruption.
  • Daniel Webster openly asked for 'the usual retainers'.
  • Bribery was not even a crime till 1853.
  • People went to congress to make money.
  • In the 20th century, Mr. Stevens was found guilty of accepting bribes.
  • The real problem is not people going to Washington to make money.
  • The real problem is using money to secure tenure at Washington.
  • This is a constant attention to money for reeelection.
  • They get a 100% return rate to come back to congress.
  • The 2nd job of raising money becomes the 1st job.
  • The return for a lobbyist is investing in Washington folks greater than investing in technology.
  • The cost is that money destroys trust. 88% of voters believe that money buys trust.
  • 9% believe that Congress is doing a good job.
  • Even those who did not support Obama are hopeful.
  • We must allow ourselves to revel in this ideal but the Presidency is not at the core of this cancer.
  • We need a more fundamental change.
  • We need a change in congress.
  • Go to www.change-congress.com

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