Institutional Corruption and How we Can Fix It

Lawrence Lessig explains how institutional corruption has affected every aspect of our government. 

Quotes from the video:

"The big change came in the late 1970s and 1980s when large corporate chains accelerated the long-term trend to gobble up daily newspapers." -- quote from The Death and Life of American Journalism by Robert McChesney, John Nichols

"When locally based family owned newspaper [...] were consolidated into publicly owned newspaper chains, an essential trust between journalism and the community served [...] was betrayed." -- David Simon

"Wall Street said, 'Hey, if you don't [give me the rating I want], the guy across the street will. And we'll get them all the business.' And they just played the rating agencies off one another." -- quote from 13 Bankers: The Wall Street Takeover and the Next Financial Meltdown by Simon Johnson, James Kwak

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Institutional Corruption and How we Can Fix It