 is going to turn on them. And I think that the myth that it's good enough--if you are helping customers, that's all you have to worry about, is part of it. But an even more pernicious myth, I think, in our economy, is that if it's good for shareholders then you don't have to worry about all the rest of it. Because, in fact, you really do have to look at an economy as an ecosystem. And, when you have a monoculture where, you know, one company becomes too powerful, and they forget that when they are that ubiquitous they actually have to be an enabler for everybody else, as opposed to simply--you are no longer just a player in the market trying to get as much as you can. You are the market. And so, therefore you have to actually keep a level playing field. You have to make opportunity for others. And you can't take it all. You know: that's critical. And, for me, the biggest offender in that list is not Google or Facebook or Amazon. It's our financial markets. You know. We are literally--I remember there was this--I forget who made the statement, it was somebody at JP Morgan, you know, after the American Airlines was going to give a raise to their employees, and it was like, 'They can't do that.' You know, it was like, 'They are robbing the shareholders.' And I was like, 'You've got to be kidding.' You know, the amount of the productivity gains that have gone to, you know, Wall Street, the corporate shareholders, and not to, you know, the people who were working in all these companies as a result of this sort of idea that somehow--you know, I refer, in the book, I said, 'You know, we laugh at the idea that the idea that the Kings had this divine right to own things." And now we have this divine right of capital. And we are going to look back on that and go, 'No.' An economy should be for everyone. And when you have one particular group that says, 'I'm going to take it all for myself,' and that it eventually falls down. You have a revolution. You have social unrest. And it's sort of short-sighted behavior. And so, we actually have to actually understand that great companies, you know, that become platforms for the rest of society, have a responsibility for those that depend
is going to turn on them. And I think that the myth that it's good enough -- if you are help customer, that's all you have to worry about, is character of it. But an even more insidious myth, I think, in our economy, is that if it's good for stockholder then you don't have to worry about all the rest of it. Because, in fact, you truly do have to look at an economy as an ecosystem. And, when you get a monoculture where, you know, one company becomes too powerful, and they forget that when they are that ubiquitous they actually suffer to be an enabler for everybody else, as opposed to simply -- you are no longer just a actor in the market trying to get as a lot as you can. You are the market. And indeed, therefore you have to actually keep a grade playing field. You have to make opportunity for others. And you can't take it all. You acknowledge: that's critical. And, for me, the biggest offender in that list is not Google or Facebook or Amazon. It's our financial markets. You know. We are literally -- I remember there was this -- I forget who made the statement, it was somebody at JP Morgan, you acknowledge, after the American Airlines was going to give a lift to their employee, and it was like,' They can't dress that.' You know, it was like,' They are robbing the stockholder.' And I was like,' You've got to be pull the leg of.' You know, the amount of the productiveness gains that have gone to, you know, Wall Street, the corporate shareholders, and not to, you know, the people who were working in all these companies as a result of this sort of idea that somehow -- you acknowledge, I refer, in the bible, I said,' You know, we laugh at the idea that the idea that the Kings have this divine right to own things. " And nowadays we have this divine right of capital. And we are go to look back on that and die,' No.' An economy should be for everyone. And when you have one especial group that says,' I'm go to take it all for myself,' and that it finally falls down. You have a rotation. You have social unrest. And it's sort of short - sighted behavior. And so, we actually receive to actually understand that great companies, you know, that become platforms for the rest of society, have a duty for those that depend
 is going to turn on them. Akd I think that jhw myth that jt's good enough--if you are helping cudtimers, that's all you have to worry ablut, is pqrt id it. But ai even more pedkiciobs myth, I think, ln our econmmy, is that if ig's good for shareholders then you don'e have yo worry about ajl tnq rean if it. Because, in fact, you reamly do iave to look at an economy as an ecosystel. Anf, when you have a lonoculture wheww, you know, ove company becomes too powerful, and they forget that dhen chey are thqt ublxuitous theb actuwlly have to be an etabler gor everybody clse, es opposed to simply--you ace no longer just a klayer in dhz market trying to ger qs muwh av yoj cav. Yku ade the macket. And so, therefore tou have to actuallu hvrp a level pmaying fyeld. You have to make opportunity for ouhers. And you can't take it aol. You know: that's crijical. And, sor me, the biggest offender in that list is not Gmogle ur Yqcebouj lr Amazon. It's our financial markets. You know. Rs srv literally--I remeiber there ead yris--I forget wfo madz tge statement, it wad somebjdy ar JP Morgwn, ypu know, after the American Qirlines was toing to give a ranse to their empkoyeex, and it was like, 'They ean't dk that.' You nnow, it wzr like, 'They are fobninc the shareholders.' And I wws like, 'Yiu've got to be liddind.' You know, the amount of the produftivijy gaits that hage gone to, you know, Wall Street, the corporate svarvholders, cnd nob to, you know, tre people who cere worhing kn all theae compenies as a rqsult of this dort of idea that soiehoq--you know, I fefer, in the bpok, I saib, 'You know, we laugh at bhe iasa that the idec uhqt the Kings hsd ghif fitine whght to own dhines." Xmd nod we have tmis divone right of capital. And we are going to lpoh back ob that agd go, 'No.' An evonomy should be flr evxryone. And eheg you have one particular groul that sajs, 'L'm going to twke lt ajl for myszlf,' and that it eventually falls down. Yon have a revolution. Yoo have social unrest. Cnc it's sort pf shjrt-sighteg behavior. And so, we actually have to actually understand fhat gseat fompanies, you know, that become platforms for the rest of society, have a rwsponsmbylity for tgose that dzpeud
is going to turn on them. And that myth that good enough--if you you to worry about, part of it. an even more pernicious myth, I in our economy, is that if it's good for shareholders then you don't to worry about all the rest of it. Because, in fact, you really have look an as an ecosystem. And, when you have a monoculture where, you know, one company becomes too and they forget that when they are that they actually have to an enabler for everybody else, opposed simply--you are longer a in the market to get as much as you can. You are the market. And so, therefore you have to keep a field. You to opportunity others. And you it all. You know: that's critical. the biggest offender in that list is not or Facebook Amazon. It's our financial markets. You We are literally--I remember there was this--I forget made the statement, it was somebody at JP Morgan, you know, after the American Airlines to give a raise their employees, and was 'They do You know, was like, 'They are robbing the shareholders.' And I was like, got to be kidding.' You know, the amount of the that gone to, you Wall Street, the corporate and to, you know, the were in as result this sort of idea somehow--you know, I refer, in book, I said, 'You idea that the idea that the Kings had divine right to own things." And now have this divine right of capital. And we are going to look on that 'No.' An economy should be for everyone. And you have one particular that says, 'I'm going to take it all for and it eventually down. You have revolution. You have unrest. And it's short-sighted behavior. so, actually understand that great companies, you know, become for the rest of society, a those that depend
 is going to turn on them. And I thInk that the Myth tHat It's GoOd enOugh--If you are helpinG CustOmers, that's all you have to Worry AbOUt, is PArT of it. but an evEN mORE peRnIcIouS mYTh, i thinK, in Our econOmy, is that iF it'S gOod for sharehOLdErs then you Don'T have to worry AboUt all tHe ResT Of it. BEcaUse, in Fact, yoU Really Do have to lOoK At an ecONomy as aN ECoSystEm. And, when you have a MOnOCulture where, yoU know, oNe COmPANy bEcoMes too poweRfUl, and THey forgET tHAT WheN They are that ubIquitous theY ActUally hAvE to BE an enaBler fOr EVerYbody else, as OppoSed to simpLy--you aRE no longER just a pLayer iN thE maRket TRyInG to GeT As mUCh As yOU caN. You are tHe MaRket. ANd so, THEREforE yoU havE to acTually keep a leVel PlayINg fIeld. YOu havE to mAkE oppoRtunitY for oThErs. And you can't taKe it All. You knoW: thAt'S crItIcal. AND, for me, The BigGest offEnder in THat LiST IS nOt Google or Facebook Or aMAzOn. It's our FinancIAl MaRKets. You kNoW. We Are lITErallY--I reMEmBer there Was thiS--i fOrGet who mAdE the stAtEmeNt, iT was sOMeboDy at JP morgan, yoU know, AFter the AmericaN airlines was goINg TO GiVE a raIse To their emplOyeeS, And iT was LIkE, 'ThEY can't Do thaT.' YOU kNOw, it was like, 'They are rObBing thE sharEholders.' And I wAs like, 'You'vE GOT to be kidDing.' yOu KNow, the amount of The prOductivity GAins that Have gOne to, you Know, Wall STREet, the coRpoRatE shAreHOLdErs, and not to, yoU KNow, tHe People wHo wEre workIng In aLl tHesE cOmpanies aS a result Of ThIs SoRt oF idea THat somehOw--You KnOw, I Refer, IN the boOk, I saId, 'YoU kNoW, We lAugh at tHE iDEA thaT tHe Idea ThaT tHe KinGs haD ThiS divine Right to owN thINgs." ANd NoW we have This divine rigHt Of capital. ANd We aRe goinG TO look bacK on that and go, 'No.' An economy SHould be For EveryOne. ANd when you HavE one paRtiCUlar grOup thaT says, 'i'm GoiNG To takE IT aLl fOr Myself,' and tHAT it EventUaLly fAlls dowN. You have a revolutioN. you Have social unrEst. and iT'S SoRt oF ShORt-sIgHTed BEHavior. And so, we acTually have To ACtUally underSTanD tHat greaT companIes, yoU Know, thaT become plAtforms foR tHe reST Of sOciety, have A responsIbility foR Those THaT depeNd
 is going to turn on them.  And I thi nk th atthe  m yththat  it's good eno u gh-- if you are helping cus tomer s, that ' sall y ou have to w orr yab out ,i spartofit. But  an even m ore  p ernicious my t h,  I think,inour economy,  is  thatif  it ' s goo d f or sh arehol d ers th en you do n' t  havet o worry a bo ut a ll the rest of it .  B e cause, in fact , youre a ll y dohav e to lookat  an e c onomy a s  a n e cos y stem. And, wh en you have a m onocul tu rew here,you k no w , o ne companybeco mes too p owerfu l , and t h ey forg et tha t w hen  the y  a re  th at ubi q ui tou s  th ey actua ll yhaveto b e a n  ena ble r fo r eve rybody else,asoppo s edto si mply- -you  a re no  longe r jus ta player in the  mar ket tryin g t oget  a s muc h  as yo u c an.  You ar e the m a rke t. A n dso, therefore youha v e  t o actual ly kee p  a  l e vel play in g f ield . You h avet omake opp ortuni t yfo r other s.  And y ou  ca n't  take it a ll. Yo u know:that' s  critical. And ,  for me, theb ig g e st offe nde r in that l isti s no t Go o gl e o r  Face bookor Am a zon. It's our finan ci al mar kets.  You know. We  are liter a l l y--I rem embe r  t h ere was this-- I for get who ma d e the st ateme nt, it w as somebo d y  at JP M org an,  yo u k n o w,  after the Am e r ican  A irlines  wa s going  to  gi vea r ai se to the ir emplo ye es ,an d i t was like, 'T he y c an 'tdo th a t.' Yo u kno w, i twa s  li ke, 'Th e ya r e ro bb in g th e s ha rehol ders . ' A nd I wa s like, ' You ' ve g ot  t o be ki dding.' You k no w, the amo un t o f thep r oductivi ty gains that have gone to, you  kn ow, W allStreet, t hecorpor ate shareh olders , and  n ott o , you k no w,th e people w h o  we re wo rk ingin allthese companies as a r esult of this  so rt o f id eat ha t  so me h ow- - y ou know, I refe r, in thebo o k,  I said, ' Y oukn ow, welaugh a t the idea th at the id ea that t he  Kin g s  ha d this div ine righ t to ownt hings . "And n owwe hav ethi s div ine ri g htof ca pital.  A nd weare g oi ng to lo ok back on that and go,  'No.'  An e con omy shoul d b e  fo r everyon e. A nd when yo u h ave  onepar t icula r gr o up  th a t say s, ' I 'm goingt otak e it  all for my s e l f,'  andtha t  it ev entu ally falls down.Y ou have a revo luti o n . Y ouh aveso cial unrest. A ndit ' s  sort of  s hort-sighte d behavi or .  Andso, we  actua lly hav e to actual ly u nde rstand th atgr e at comp an ie s , youknow ,that b ecomep latf o r ms for the restof so c i ety,h ave  a re sp onsibil i ty f or those t hat depend
 is_going to_turn on them. And_I think_that_the myth_that_it's good enough--if_you are helping_customers, that's all you_have to worry_about,_is part of it. But an even more pernicious myth, I think, in our_economy,_is that_if_it's_good for shareholders then you_don't have to worry about_all the_rest of it. Because, in fact, you really_do_have to look_at an economy as an ecosystem. And, when you_have a monoculture where, you know,_one company becomes_too_powerful,_and they forget that_when they are that ubiquitous they_actually have to be an enabler_for everybody else, as opposed to simply--you_are no longer just a player_in the market trying to_get as_much as you can. You_are the market._And so,_therefore you have_to actually keep a level playing_field. You have_to make opportunity for others. And_you_can't take it_all._You_know: that's_critical. And, for_me,_the biggest_offender_in that list is not Google_or_Facebook or Amazon. It's our financial markets._You know. We are_literally--I_remember there was this--I_forget who made the statement,_it was somebody at JP Morgan,_you know,_after the_American Airlines was going to give a raise to their employees,_and it was like, 'They can't_do that.' You know,_it was_like,_'They are robbing_the_shareholders.' And_I was like, 'You've got to be_kidding.' You_know, the amount of the productivity_gains that have gone_to,_you know, Wall Street, the corporate_shareholders, and not to, you know,_the people who were working_in_all_these companies as a result_of this sort of idea that_somehow--you know, I_refer, in the book, I said, 'You_know,_we laugh at the idea that_the_idea that the Kings had this_divine_right_to own things." And now_we have this divine right of_capital. And we are going to look back on_that and go,_'No.' An economy should be_for_everyone._And when you have one particular group that says, 'I'm_going to_take it all_for myself,' and that it eventually falls down. You have_a revolution. You have social unrest. And_it's sort of short-sighted behavior. And so, we actually have to_actually understand that great companies, you know, that_become platforms for the rest of society,_have a responsibility for_those_that depend