Fifty years ago, a corporate lawyer named Lewis Powell circulated a memo around D.C. a blueprint for how corporations could amass political power, reverse the gains of the Great Society and the New Deal and rig the system for themselves. The Powell memo outlined a unite corporate special interests, privilege corporate perspectives in the media, appoint sympathetic judges to the court, and buy politicians in both political parties. And it worked. Republicans and some Democrats sold the false gospel of trickle down economics. That idea that the best way to grow the economy is to let the rich get richer and forget about everybody else. (06:11–06:29)
CLAIM
Asserts that the Powell memo provided a strategy for corporations to gain political power and influence.
This is an excerpt from a raw transcript. The assertions have not been audited or verified. Tap the video to view the source footage and understand the context.
