1 00:00:02,000 --> 00:00:07,000 Downloaded from YTS.MX 2 00:00:08,000 --> 00:00:13,000 Official YIFY movies site: YTS.MX 3 00:00:29,234 --> 00:00:30,498 Disneyland was 4 00:00:30,700 --> 00:00:32,667 not like anywhere else on Earth. 5 00:00:34,408 --> 00:00:36,902 My parents would save all year long, 6 00:00:37,071 --> 00:00:39,608 and we had one yearly trip to the park. 7 00:00:41,376 --> 00:00:42,379 You had to have 8 00:00:42,648 --> 00:00:43,876 the Peter Pan hat with the feather. 9 00:00:45,749 --> 00:00:47,248 We would go in and we'd, you know, 10 00:00:47,417 --> 00:00:48,551 have our little bit of money. 11 00:00:49,221 --> 00:00:50,288 I mean, it was magic 12 00:00:50,523 --> 00:00:52,159 from the minute you got onto the tram. 13 00:00:57,295 --> 00:00:59,298 It was just... happy. 14 00:01:04,064 --> 00:01:06,104 When I started working at the park, 15 00:01:06,540 --> 00:01:09,209 the employees were so happy to be there. 16 00:01:12,506 --> 00:01:14,244 You were proud 17 00:01:14,746 --> 00:01:18,251 to be a part of this magnificent place. 18 00:01:20,055 --> 00:01:21,617 And they were proud of you. 19 00:01:31,898 --> 00:01:33,056 That's year one. 20 00:01:33,225 --> 00:01:34,891 Everybody's always thrilled to get that. 21 00:01:35,060 --> 00:01:36,929 That's Steamboat Willie. 22 00:01:37,972 --> 00:01:39,737 Vanna White it. 23 00:01:43,936 --> 00:01:45,773 The second one is five years. 24 00:01:46,506 --> 00:01:47,940 Ten years... 25 00:01:48,914 --> 00:01:50,217 to 20. 26 00:01:51,587 --> 00:01:52,813 And... 27 00:01:53,589 --> 00:01:54,716 40. 28 00:01:56,920 --> 00:01:58,888 Financially, you know, they're not worth anything, 29 00:01:59,090 --> 00:02:00,156 they're just... 30 00:02:00,358 --> 00:02:01,894 little pieces of pot metal. 31 00:02:02,563 --> 00:02:04,858 But when you've earned them, when you've worked hard 32 00:02:05,060 --> 00:02:06,663 and you've given all those years to a company, 33 00:02:06,798 --> 00:02:10,336 to be recognized with that, it really means a lot. 34 00:02:13,235 --> 00:02:14,441 And... 35 00:02:15,410 --> 00:02:17,541 it means that the company appreciated you. 36 00:02:19,112 --> 00:02:20,379 Or at least it did. 37 00:02:57,317 --> 00:02:58,549 Growing up, 38 00:02:58,685 --> 00:03:00,620 Disneyland was like a home away from home 39 00:03:00,856 --> 00:03:02,080 for my family. 40 00:03:04,185 --> 00:03:07,019 That's me and my brand-new red coat. 41 00:03:12,664 --> 00:03:14,433 We called Disneyland "the park." 42 00:03:15,866 --> 00:03:17,530 We went to the park all the time 43 00:03:17,699 --> 00:03:20,101 to see my grandpa, Roy Disney, 44 00:03:20,336 --> 00:03:22,634 who, along with his brother, started the Walt Disney Company 45 00:03:22,770 --> 00:03:25,044 almost a century ago. 46 00:03:25,747 --> 00:03:28,376 They were kind of like Pinocchio and Jiminy Cricket, 47 00:03:28,545 --> 00:03:30,747 sort of id and superego. 48 00:03:30,916 --> 00:03:33,216 Walt would go off and do some crazy thing, 49 00:03:33,385 --> 00:03:34,915 and then Roy would figure out 50 00:03:35,117 --> 00:03:37,016 where the money was gonna come from. 51 00:03:41,887 --> 00:03:43,056 I'm really proud 52 00:03:43,191 --> 00:03:45,293 of what my grandfather and great-uncle did. 53 00:03:46,062 --> 00:03:49,402 They brought so much joy into the world. 54 00:03:52,097 --> 00:03:54,273 I was raised on their story. 55 00:03:54,442 --> 00:03:56,943 It was a story about bootstraps, 56 00:03:57,112 --> 00:03:58,835 about rags to riches, 57 00:03:59,071 --> 00:04:00,847 about the American Dream. 58 00:04:01,216 --> 00:04:02,613 It's said that... 59 00:04:02,782 --> 00:04:04,177 Somebody told me and I heard one time 60 00:04:04,312 --> 00:04:06,344 that you could make one dollar a day for a long time, 61 00:04:06,479 --> 00:04:08,551 and you support the family on a dollar a day. 62 00:04:08,720 --> 00:04:10,055 What's a dollar a day? 63 00:04:10,224 --> 00:04:11,787 Seven dollars a week. 64 00:04:16,899 --> 00:04:19,097 By mid-century, their enterprise would help 65 00:04:19,266 --> 00:04:21,066 create the largest middleclass 66 00:04:21,268 --> 00:04:22,963 the world had ever seen. 67 00:04:27,076 --> 00:04:29,036 Only later would I come to see 68 00:04:29,238 --> 00:04:30,971 that there was so much more to the story. 69 00:04:41,417 --> 00:04:43,919 When you're a little kid, you can't really understand 70 00:04:44,122 --> 00:04:46,419 that you're growing up in something at all unusual 71 00:04:46,621 --> 00:04:48,021 or unfair. 72 00:04:49,090 --> 00:04:50,864 The only metaphor I can think of 73 00:04:51,133 --> 00:04:52,430 is if you're a goldfish, 74 00:04:52,799 --> 00:04:54,896 you don't really know how to describe water. 75 00:04:56,435 --> 00:04:58,572 But then one day, you realize 76 00:04:58,774 --> 00:05:01,639 your family is a very big and complicated deal. 77 00:05:02,841 --> 00:05:04,870 And you get trained from childhood 78 00:05:05,139 --> 00:05:07,512 not to speak badly ever in public 79 00:05:07,714 --> 00:05:10,109 about the family or the business. 80 00:05:11,514 --> 00:05:12,782 And I didn't. 81 00:05:13,913 --> 00:05:15,213 For a long time. 82 00:05:33,908 --> 00:05:35,541 We're delighted to welcome producer, 83 00:05:35,710 --> 00:05:38,042 philanthropist, and social activist, 84 00:05:38,244 --> 00:05:39,512 Abigail Disney. 85 00:05:41,048 --> 00:05:45,679 You compare the dynamics of wealth to that of addiction. 86 00:05:46,215 --> 00:05:47,545 I'm sorry, this is radical, 87 00:05:47,847 --> 00:05:49,087 too much money. 88 00:05:49,289 --> 00:05:50,547 There is such a thing. 89 00:05:51,116 --> 00:05:52,284 If you have a billion dollars 90 00:05:52,719 --> 00:05:54,826 and you wanna send your kid to school, congratulations, 91 00:05:54,962 --> 00:05:57,887 you can send them to school for 20,000 years. 92 00:05:58,757 --> 00:06:01,298 Abigail, why do you wanna pay more taxes? 93 00:06:01,834 --> 00:06:03,426 We do not have a society 94 00:06:03,562 --> 00:06:05,130 structured around fairness right now, 95 00:06:05,332 --> 00:06:06,968 and the proof is in the pudding. 96 00:06:08,534 --> 00:06:09,969 Having the last name "Disney" 97 00:06:10,171 --> 00:06:12,045 is like having a weird superpower 98 00:06:12,181 --> 00:06:13,337 you didn't ask for. 99 00:06:15,050 --> 00:06:16,075 For years, 100 00:06:16,244 --> 00:06:17,748 I've tried to do my best with it. 101 00:06:18,846 --> 00:06:20,382 But I have to confess, 102 00:06:20,684 --> 00:06:22,181 even though I knew things were 103 00:06:22,383 --> 00:06:24,090 far from perfect at the family business, 104 00:06:24,759 --> 00:06:27,890 it's always felt so impossible to speak out 105 00:06:28,092 --> 00:06:30,893 because of the inevitable repercussions. 106 00:06:33,400 --> 00:06:34,534 My dad went to battle 107 00:06:34,736 --> 00:06:36,796 over the direction of the company twice. 108 00:06:37,532 --> 00:06:40,801 And I saw the way he got threatened with lawsuits 109 00:06:41,070 --> 00:06:43,076 and torn to shreds in the media. 110 00:06:47,080 --> 00:06:50,374 Anybody would think twice about getting involved. 111 00:06:59,056 --> 00:07:01,526 But then, one day, out of the blue, 112 00:07:01,828 --> 00:07:03,954 I got a message from a guy named Ralph, 113 00:07:04,223 --> 00:07:05,932 who worked at Disneyland. 114 00:07:10,070 --> 00:07:12,798 He told me that he and his fellow cast members, 115 00:07:12,967 --> 00:07:14,305 as Disney calls them, 116 00:07:14,441 --> 00:07:16,105 were fighting for better pay, 117 00:07:16,774 --> 00:07:18,578 and he asked me for my help. 118 00:07:21,409 --> 00:07:24,040 Even though I have no role at the company, 119 00:07:24,610 --> 00:07:26,850 I felt like I had to go to Anaheim. 120 00:07:33,186 --> 00:07:34,521 Oh, oh, there she goes. 121 00:07:34,689 --> 00:07:36,024 Go play! 122 00:07:38,990 --> 00:07:41,161 Ready... set... 123 00:07:41,960 --> 00:07:43,228 Go! 124 00:07:43,430 --> 00:07:45,536 - No, I didn't say "Go!" 125 00:07:45,738 --> 00:07:47,034 - I won! - You cheat! 126 00:07:47,236 --> 00:07:49,867 - Opal, come on over! 127 00:07:50,570 --> 00:07:52,439 - Are you having fun yet? - Come on! 128 00:07:52,908 --> 00:07:54,047 Turn around, turn around. 129 00:07:54,249 --> 00:07:55,543 Oh, here we go. 130 00:07:55,745 --> 00:07:57,209 You two can race. 131 00:07:57,411 --> 00:07:58,843 Somebody's a princess, you told me. 132 00:07:58,979 --> 00:07:59,880 Who's the princess? 133 00:08:00,083 --> 00:08:01,179 They're all three princesses. 134 00:08:01,315 --> 00:08:02,484 They're all... Oh, okay. 135 00:08:02,653 --> 00:08:03,921 We... we have... 136 00:08:04,224 --> 00:08:07,317 MacKallien is the one that is the princess of all the lands. 137 00:08:07,452 --> 00:08:09,022 MacKayla, our six-year-old, 138 00:08:09,158 --> 00:08:10,990 she is the princess of the sky... 139 00:08:11,159 --> 00:08:12,499 - The sky! - The sky! 140 00:08:12,668 --> 00:08:14,061 And then MacKallien, our youngest... 141 00:08:14,197 --> 00:08:15,369 I'm the mermaid princess! 142 00:08:15,504 --> 00:08:16,670 She's the mermaid princess. 143 00:08:16,872 --> 00:08:18,328 And she's the princess of all the seas, yes. 144 00:08:18,464 --> 00:08:19,665 You've divided it up nicely. 145 00:08:19,800 --> 00:08:20,704 Yes. 146 00:08:21,006 --> 00:08:22,873 You guys met at Disney? You met each other? 147 00:08:23,041 --> 00:08:24,875 Yes, he saw me in the parking lot, 148 00:08:25,044 --> 00:08:26,878 and I said, "Do you wanna eat inside the park 149 00:08:27,047 --> 00:08:28,909 or outside the park?" He said, "Inside the park." 150 00:08:29,112 --> 00:08:30,816 And we've been together ever since. 151 00:08:30,984 --> 00:08:32,715 So, it was an inside-the-park home run. 152 00:08:32,918 --> 00:08:34,615 - Pretty much. - Pretty much. 153 00:08:34,817 --> 00:08:35,952 Go, Kenzie. 154 00:08:36,154 --> 00:08:37,584 Do you see your daughter? 155 00:08:37,719 --> 00:08:38,755 Go. 156 00:08:39,157 --> 00:08:41,023 At the time when we first met, 157 00:08:41,988 --> 00:08:43,795 I had this idea 158 00:08:44,497 --> 00:08:46,466 that we would move out 159 00:08:46,702 --> 00:08:48,096 and have our family and everything. 160 00:08:51,162 --> 00:08:52,765 Yay, Trin! 161 00:08:52,901 --> 00:08:54,130 That's the way to do it! 162 00:08:54,333 --> 00:08:56,170 - Get 'im! 163 00:08:57,540 --> 00:09:00,880 Unfortunately, the economy does not... 164 00:09:01,216 --> 00:09:02,781 allow that. 165 00:09:04,310 --> 00:09:05,542 We live with my mother-in-law. 166 00:09:06,488 --> 00:09:07,853 We're lucky enough to do that. 167 00:09:11,984 --> 00:09:14,622 I've always wanted to have a house of my own, 168 00:09:14,824 --> 00:09:16,355 always dreamed of one. 169 00:09:17,658 --> 00:09:19,699 But I would settle even to have an apartment. 170 00:09:24,665 --> 00:09:27,530 It would be nice to just have it where I can... 171 00:09:27,832 --> 00:09:30,572 show my kids that I can do things on my own, 172 00:09:31,175 --> 00:09:32,976 and not have to rely on my parents. 173 00:09:33,112 --> 00:09:34,671 You want Mommy to come down with you? 174 00:09:34,973 --> 00:09:36,309 Mm-hm. 175 00:09:39,152 --> 00:09:41,144 Even with both of us working full-time, 176 00:09:41,613 --> 00:09:43,514 we still fall below poverty level. 177 00:09:47,159 --> 00:09:48,993 We try to do as much as we can 178 00:09:49,128 --> 00:09:51,164 that doesn't require any kind of money. 179 00:09:51,333 --> 00:09:52,832 Trick or treat! 180 00:09:53,000 --> 00:09:55,097 We make 15 dollars an hour. 181 00:09:56,166 --> 00:09:58,296 And for people who work at night, 182 00:09:58,465 --> 00:10:01,171 we only get 75 cents an hour extra. 183 00:10:01,941 --> 00:10:04,672 But for working the hours we work, 184 00:10:04,841 --> 00:10:06,904 with the lack of sleep, 185 00:10:07,474 --> 00:10:09,815 I don't think 75 cents is enough. 186 00:10:13,218 --> 00:10:14,687 Third shift starts at 11:30 187 00:10:14,889 --> 00:10:17,086 to about eight o'clock in the morning. 188 00:10:17,888 --> 00:10:19,286 It's very physical work. 189 00:10:20,556 --> 00:10:23,488 We're the people who do the pixie dust at night. 190 00:10:24,889 --> 00:10:27,525 You scrub the kitchens, the floor, the toilets. 191 00:10:29,236 --> 00:10:31,870 And I'm proud of what I do, I'm very proud of it. 192 00:10:33,001 --> 00:10:34,497 And that type of thing 193 00:10:34,666 --> 00:10:36,842 you'll find throughout all the parks. 194 00:10:38,703 --> 00:10:40,505 The people who tend to work there 195 00:10:41,274 --> 00:10:43,376 want to provide the best. 196 00:10:50,723 --> 00:10:52,856 I go into work every day 197 00:10:53,158 --> 00:10:55,725 because this is a place where magic is made, 198 00:10:55,894 --> 00:10:57,155 - you know? - Uh-huh. 199 00:10:57,724 --> 00:11:01,261 We don't want those memories of the first time 200 00:11:01,530 --> 00:11:03,900 we were at Disney when we were ten years old, 201 00:11:04,169 --> 00:11:06,838 and the walking down Main Street and it feeling 202 00:11:07,007 --> 00:11:10,368 just so... such incredible joy and magic... 203 00:11:10,537 --> 00:11:13,876 You don't want that to not exist. 204 00:11:14,178 --> 00:11:16,882 For the first time in over 60 years, 205 00:11:17,051 --> 00:11:20,052 the union started talking and we all found out 206 00:11:20,188 --> 00:11:22,583 that we were all struggling with basically the same issues. 207 00:11:22,819 --> 00:11:23,688 Right. 208 00:11:24,190 --> 00:11:25,885 None of us were ever supposed to talk about 209 00:11:26,054 --> 00:11:27,491 how much money we made. 210 00:11:27,960 --> 00:11:29,889 I worked two jobs for eight years 211 00:11:30,057 --> 00:11:31,357 to make ends meet. 212 00:11:31,692 --> 00:11:35,262 Yeah, like, I, myself, am actually a student. 213 00:11:35,564 --> 00:11:38,937 It's really expensive. I wanna be a teacher but, um... 214 00:11:39,406 --> 00:11:40,538 I have two jobs. 215 00:11:40,707 --> 00:11:41,872 I don't just work at Disney, 216 00:11:42,008 --> 00:11:43,433 I also work at Knott's Berry Farm. 217 00:11:43,602 --> 00:11:45,540 - Oh! 218 00:11:47,377 --> 00:11:50,039 I work for the mouse and the dog. 219 00:11:51,678 --> 00:11:54,387 Disney is an industry leader in terms of, 220 00:11:54,589 --> 00:11:56,714 like, theme parks, right? 221 00:11:56,882 --> 00:11:59,989 And the same things that are happening at Disney 222 00:12:00,258 --> 00:12:02,424 are also happening at Knott's Berry Farm. 223 00:12:03,461 --> 00:12:06,092 We've had cast members that have to make a decision 224 00:12:06,227 --> 00:12:08,961 between medication or food. 225 00:12:09,264 --> 00:12:10,627 And these are essential things 226 00:12:10,763 --> 00:12:12,663 that you can't make choices like that. 227 00:12:13,332 --> 00:12:14,534 By a show of hands, 228 00:12:14,869 --> 00:12:18,277 how many of you have someone you know that works at Disney 229 00:12:18,579 --> 00:12:20,044 that's on food stamps? 230 00:12:21,183 --> 00:12:22,210 Wow. 231 00:12:22,546 --> 00:12:24,445 How many of you know somebody who works at Disney 232 00:12:24,580 --> 00:12:27,145 who's slept in their car in the last couple of years? 233 00:12:27,348 --> 00:12:29,413 How many of you know somebody 234 00:12:29,682 --> 00:12:31,456 who have gone without medical care 235 00:12:31,592 --> 00:12:32,950 because can't afford it? 236 00:12:34,527 --> 00:12:35,395 I do! 237 00:12:35,564 --> 00:12:36,895 I know! 238 00:12:37,064 --> 00:12:38,832 How many of y'all have children? 239 00:12:41,828 --> 00:12:44,327 I am somebody who doesn't have kids. 240 00:12:44,496 --> 00:12:46,873 I don't have the finances 241 00:12:47,075 --> 00:12:50,006 to take care of a child in the way that I would like to. 242 00:12:50,175 --> 00:12:53,474 It's affected my ability to family plan 243 00:12:53,776 --> 00:12:56,612 and to look towards my future as far as my personal life. 244 00:12:57,014 --> 00:12:59,379 And it's not... you know, 245 00:12:59,581 --> 00:13:02,119 this is not where I thought I'd be at 33. 246 00:13:02,986 --> 00:13:05,016 Aw, don't cry. 247 00:13:05,184 --> 00:13:06,526 Aww. 248 00:13:06,695 --> 00:13:08,491 You can borrow our kids. 249 00:13:13,933 --> 00:13:15,266 Everybody thinks 250 00:13:15,435 --> 00:13:17,600 that we can all just bootstrap it and move up. 251 00:13:22,938 --> 00:13:26,007 If you're doing that job to the best of your ability, 252 00:13:26,576 --> 00:13:28,948 it should be treated like a proper job. 253 00:13:32,351 --> 00:13:34,178 I think I should be able to pay my bills 254 00:13:34,414 --> 00:13:36,780 on my custodial job. 255 00:13:38,020 --> 00:13:39,322 But, you know, 256 00:13:39,491 --> 00:13:41,785 I've always had somewhat unstable housing. 257 00:13:43,661 --> 00:13:46,427 I ended up living in my van for a few months. 258 00:13:48,499 --> 00:13:51,196 Right now, I'm renting a room from a friend, 259 00:13:51,365 --> 00:13:53,273 but she's planning to retire, 260 00:13:53,508 --> 00:13:54,998 so I don't know 261 00:13:55,133 --> 00:13:57,707 what my housing situation's gonna look like. 262 00:13:58,042 --> 00:14:00,209 I look at the housing nearby 263 00:14:00,378 --> 00:14:03,109 and it's very much out of my price range. 264 00:14:03,312 --> 00:14:05,446 A studio apartment would take, 265 00:14:05,581 --> 00:14:08,512 like, 80 percent of my take-home pay a month, 266 00:14:08,681 --> 00:14:10,614 and, like, a one-bedroom apartment 267 00:14:10,817 --> 00:14:12,789 would be more than I make in a month. 268 00:14:12,991 --> 00:14:14,452 I am not finding anything 269 00:14:14,687 --> 00:14:16,661 in the Anaheim/ Orange County area 270 00:14:16,830 --> 00:14:18,530 that's in my price range. 271 00:14:34,012 --> 00:14:35,541 All right! 272 00:14:35,710 --> 00:14:37,614 I don't want anybody 273 00:14:37,917 --> 00:14:39,346 to have to deal with 274 00:14:39,549 --> 00:14:41,448 the same stress that I deal with, 275 00:14:41,684 --> 00:14:44,190 and I know everybody around me does. 276 00:14:45,360 --> 00:14:48,588 That's why I started getting more involved with the union. 277 00:14:49,457 --> 00:14:51,254 My co-workers are my family. 278 00:14:53,433 --> 00:14:55,098 So, I don't know about you, 279 00:14:55,367 --> 00:14:57,162 brothers and sisters, but I'm ready to fight! 280 00:14:57,364 --> 00:14:58,800 Are you ready to fight?! 281 00:14:58,968 --> 00:15:00,399 Yeah! 282 00:15:00,701 --> 00:15:03,306 Show them what democracy looks like! 283 00:15:03,474 --> 00:15:05,478 This is what democracy looks like! 284 00:15:05,646 --> 00:15:06,643 No justice! 285 00:15:06,811 --> 00:15:07,974 No peace! 286 00:15:08,142 --> 00:15:09,140 No justice! 287 00:15:09,308 --> 00:15:10,640 No peace! 288 00:15:10,808 --> 00:15:13,250 I am 26 years old. 289 00:15:14,553 --> 00:15:17,287 I do school part-time and I do work part-time. 290 00:15:19,920 --> 00:15:21,720 For the longest time, I did feel... 291 00:15:21,922 --> 00:15:25,262 kind of like a failure, to be quite honest. 292 00:15:27,867 --> 00:15:29,630 I thought that by now, 293 00:15:29,765 --> 00:15:33,797 I would've moved out from my parents' house, 294 00:15:34,132 --> 00:15:37,175 but now, it's just... it's a little more 295 00:15:37,544 --> 00:15:42,505 like...anger, because I realize it's not just me, 296 00:15:42,707 --> 00:15:45,317 it's, like, so many of us. 297 00:15:52,024 --> 00:15:53,622 In 2018, 298 00:15:53,791 --> 00:15:56,321 all the unions of Disneyland organized a campaign 299 00:15:56,490 --> 00:15:58,295 to do battle with the company 300 00:15:58,464 --> 00:16:00,330 over their wages and working conditions. 301 00:16:02,636 --> 00:16:05,005 Disney was under an enormous amount of public pressure, 302 00:16:05,807 --> 00:16:07,798 and so, they reluctantly agreed 303 00:16:07,967 --> 00:16:11,176 to adopt a 15-dollar minimum wage. 304 00:16:12,143 --> 00:16:13,877 But most experts say 305 00:16:14,013 --> 00:16:16,576 that a living wage in Anaheim 306 00:16:16,778 --> 00:16:19,514 is closer to 24 dollars an hour. 307 00:16:21,146 --> 00:16:25,555 And so, the unions felt that they were being, um... 308 00:16:25,991 --> 00:16:27,152 can I say "screwed?" 309 00:16:27,488 --> 00:16:28,889 - Yeah. - Okay. 310 00:16:30,430 --> 00:16:32,856 And so, the unions and the employees at Disneyland 311 00:16:33,025 --> 00:16:36,828 asked me and my colleague to do a survey. 312 00:16:38,503 --> 00:16:40,568 We were shocked by what we found. 313 00:16:42,167 --> 00:16:44,576 One out of every 10 full-time workers 314 00:16:44,778 --> 00:16:46,376 was homeless 315 00:16:46,512 --> 00:16:48,815 at some point in the previous two years. 316 00:16:49,518 --> 00:16:52,943 And two-thirds didn't have enough money to pay for food. 317 00:16:54,021 --> 00:16:56,853 At the same time, in 2018, 318 00:16:57,022 --> 00:16:59,219 Disney's CEO Bob Iger, 319 00:16:59,388 --> 00:17:02,722 made $65 million in one year. 320 00:17:04,155 --> 00:17:07,595 Iger's package was 1,424 times 321 00:17:07,830 --> 00:17:10,197 the median salary of a Disney employee. 322 00:17:10,433 --> 00:17:12,934 That's 2,000 times 323 00:17:13,337 --> 00:17:14,901 the salary of a custodian. 324 00:17:15,270 --> 00:17:16,473 In other words, 325 00:17:16,675 --> 00:17:20,113 a custodian would have to work for 2,000 years 326 00:17:20,248 --> 00:17:23,039 to make what Bob Iger makes in one. 327 00:17:24,649 --> 00:17:27,681 The Disney Company is ground zero 328 00:17:27,883 --> 00:17:30,222 of the widening inequality in America. 329 00:17:31,353 --> 00:17:33,051 But there's a myth 330 00:17:33,653 --> 00:17:36,053 that Disney's prosperity 331 00:17:36,188 --> 00:17:39,125 will trickle down to ordinary people. 332 00:17:39,994 --> 00:17:42,232 The city council and the mayor of Anaheim 333 00:17:42,701 --> 00:17:45,263 have believed that if Disneyland does well, 334 00:17:45,599 --> 00:17:47,767 then Anaheim does well. 335 00:17:54,976 --> 00:17:57,040 Anaheim's a tale of two cities. 336 00:17:57,809 --> 00:17:59,680 You have the resort district. 337 00:18:00,647 --> 00:18:02,282 This is where Disneyland's at, 338 00:18:02,784 --> 00:18:04,190 this is where the stadium is at. 339 00:18:07,792 --> 00:18:09,822 Then, you get the south part of the town, 340 00:18:09,957 --> 00:18:12,164 you have many of the working-class communities. 341 00:18:12,333 --> 00:18:13,925 When you go around through the streets, 342 00:18:14,093 --> 00:18:16,626 you see infrastructure that's not updated, 343 00:18:16,795 --> 00:18:19,139 you know, you see gang problems. 344 00:18:23,302 --> 00:18:25,774 When we first started covering Anaheim for Voice of OC, 345 00:18:25,910 --> 00:18:28,811 the big argument was that all of the money in Anaheim 346 00:18:28,980 --> 00:18:30,346 was spent 347 00:18:30,482 --> 00:18:32,078 on the northern part of the town. 348 00:18:33,148 --> 00:18:35,649 The south part of the town does not get the investment. 349 00:18:35,785 --> 00:18:37,949 The only investment it gets is police. 350 00:18:49,734 --> 00:18:51,836 One of the things, for me, 351 00:18:52,005 --> 00:18:53,201 in being on Council is 352 00:18:53,337 --> 00:18:54,999 how quickly I learned about... 353 00:18:55,134 --> 00:18:56,336 the focus is so much on tourism, 354 00:18:56,472 --> 00:18:57,540 and making sure that 355 00:18:57,775 --> 00:18:58,971 the children of the tourists are happy. 356 00:18:59,106 --> 00:19:00,446 - Mm-hm. - Right? 357 00:19:00,649 --> 00:19:02,544 In the happiest place on Earth, and they forget about... 358 00:19:02,713 --> 00:19:04,677 or don't even consider, they're just indifferent 359 00:19:04,879 --> 00:19:06,015 to the lives of the actual children 360 00:19:06,151 --> 00:19:07,583 who live in Anaheim. 361 00:19:08,649 --> 00:19:11,188 We've seen a void in policies 362 00:19:11,490 --> 00:19:12,885 that really are centered around people 363 00:19:13,021 --> 00:19:14,523 and the lives that they lead here in Anaheim 364 00:19:14,725 --> 00:19:17,425 versus policies that continue to give tax breaks 365 00:19:17,728 --> 00:19:20,729 and more money to those who already have much. 366 00:19:28,677 --> 00:19:31,536 So, tell us the legend of the parking lot, 367 00:19:31,705 --> 00:19:33,471 'cause it's crazy to me. 368 00:19:33,840 --> 00:19:36,876 Yeah, so in 1996, 369 00:19:37,045 --> 00:19:39,714 the city took on a $500-million-bond. 370 00:19:40,350 --> 00:19:41,815 Part of that bond was 371 00:19:41,951 --> 00:19:44,521 to build a parking lot for the Disney resort. 372 00:19:49,397 --> 00:19:51,324 The city then leased it to Disney 373 00:19:51,526 --> 00:19:52,430 for a dollar a year. 374 00:19:53,599 --> 00:19:55,493 Disney would keep all of the revenue. 375 00:19:55,629 --> 00:19:56,863 All of the revenue. 376 00:19:59,198 --> 00:20:01,238 If they fill up 300 days a year, 377 00:20:01,373 --> 00:20:04,804 it's 10,000 cars, $25 a car, 378 00:20:05,006 --> 00:20:07,379 that's $65 million in pure revenue. 379 00:20:09,350 --> 00:20:11,409 So, basically, it's a business... 380 00:20:12,012 --> 00:20:14,279 that they spent no capital creating. 381 00:20:14,515 --> 00:20:15,480 Correct. 382 00:20:15,749 --> 00:20:18,055 The corporation should not 383 00:20:18,224 --> 00:20:21,052 be looking to get public dollars 384 00:20:21,288 --> 00:20:24,292 to do its private business, to grow its business. 385 00:20:24,461 --> 00:20:26,158 It's not a start-up company. 386 00:20:26,360 --> 00:20:29,197 And even then, Walt Disney didn't ask for public dollars 387 00:20:29,333 --> 00:20:30,633 when he was starting up. 388 00:20:33,272 --> 00:20:34,405 And yet, 389 00:20:34,674 --> 00:20:37,804 in the two decades leading up to 2018, 390 00:20:38,073 --> 00:20:40,044 Disney had gotten the city of Anaheim 391 00:20:40,180 --> 00:20:42,206 to cough up a billion dollars 392 00:20:42,374 --> 00:20:44,912 in the form of subsidies and tax breaks. 393 00:20:45,615 --> 00:20:46,748 These deals 394 00:20:46,950 --> 00:20:49,219 moved through without a lot of opposition, 395 00:20:49,354 --> 00:20:50,646 without a lot of debate. 396 00:20:51,516 --> 00:20:54,919 You know, there's dark money of Disney influencing, 397 00:20:55,088 --> 00:20:57,660 through a series of resort-related PACs, 398 00:20:57,862 --> 00:21:00,360 and controlling governance of the city council. 399 00:21:00,963 --> 00:21:03,128 So, here's a story from four years ago. 400 00:21:03,297 --> 00:21:05,163 "For another meeting that went into the wee hours, 401 00:21:05,332 --> 00:21:08,000 the Anaheim City Council narrowly approves a tax shield 402 00:21:08,169 --> 00:21:10,838 for Disneyland that effectively strips residents 403 00:21:11,007 --> 00:21:13,505 of their power to tax admission to the mega-resort 404 00:21:13,674 --> 00:21:15,380 for up to 45 years." 405 00:21:15,582 --> 00:21:17,883 So, they were protected against a tax 406 00:21:18,085 --> 00:21:19,383 that didn't exist yet. 407 00:21:19,585 --> 00:21:21,018 They were protected against the idea 408 00:21:21,187 --> 00:21:23,218 of a tax for 45 years. 409 00:21:23,420 --> 00:21:24,984 Yeah, exactly right. 410 00:21:33,425 --> 00:21:35,094 Everything Disney was doing, 411 00:21:35,262 --> 00:21:37,603 from skirting taxes to stiffing workers, 412 00:21:37,772 --> 00:21:41,132 was happening at almost every big company in America. 413 00:21:43,610 --> 00:21:45,702 I came home to my privileged life 414 00:21:45,937 --> 00:21:47,545 feeling complicit. 415 00:21:48,775 --> 00:21:50,215 Everything I had 416 00:21:50,684 --> 00:21:52,781 came from inheriting company shares. 417 00:21:53,950 --> 00:21:56,620 I had no role or influence at Disney, 418 00:21:57,918 --> 00:21:59,656 and no idea where to start 419 00:21:59,824 --> 00:22:01,526 if I wanted to make a difference. 420 00:22:04,991 --> 00:22:06,658 My father always told me, 421 00:22:06,861 --> 00:22:08,593 "First, you try quietly." 422 00:22:08,962 --> 00:22:11,498 I knew it would go nowhere, 423 00:22:11,667 --> 00:22:13,097 but I thought I owed Bob Iger 424 00:22:13,299 --> 00:22:14,506 at least the courtesy of an email. 425 00:22:15,309 --> 00:22:16,542 So, that's where I started. 426 00:22:16,978 --> 00:22:18,309 "Dear Bob, 427 00:22:18,712 --> 00:22:20,910 there is a painful irony in the idea 428 00:22:21,079 --> 00:22:23,741 that someone working at the happiest place on Earth 429 00:22:23,976 --> 00:22:26,018 is sleeping in his car." 430 00:22:26,654 --> 00:22:29,280 "These issues are real and painful, 431 00:22:29,483 --> 00:22:32,187 and don't represent who Disney is as a company 432 00:22:32,656 --> 00:22:34,654 and who you are as a man." 433 00:22:35,223 --> 00:22:37,328 "What if Disney chose to pay people well 434 00:22:37,463 --> 00:22:39,355 and give them job security? 435 00:22:40,466 --> 00:22:42,402 "What if you chose to lead?" 436 00:22:44,731 --> 00:22:46,032 Send. 437 00:22:50,074 --> 00:22:52,537 Is there a way to, like, sit with Bob and talk about it? 438 00:22:52,706 --> 00:22:53,609 Do you think? 439 00:22:54,044 --> 00:22:55,380 I don't think Bob's gonna meet with you, honey. 440 00:22:55,549 --> 00:22:57,274 Yeah. I figured as well. 441 00:22:57,476 --> 00:22:58,943 - Even if I asked him. - Yeah, yeah. 442 00:22:59,145 --> 00:23:00,682 - And he likes me. - Yeah. 443 00:23:00,851 --> 00:23:02,245 No, he's not gonna meet with you. 444 00:23:02,414 --> 00:23:04,015 I always knew him to be a good guy but, 445 00:23:04,251 --> 00:23:06,888 um... but he just needs to kinda wake up. 446 00:23:07,024 --> 00:23:08,560 - Yeah. - Smell the roses, and yes, 447 00:23:08,695 --> 00:23:09,956 I'll probably not stay friends with him 448 00:23:10,092 --> 00:23:11,595 if he ever hears me say that. 449 00:23:11,764 --> 00:23:14,757 My issue is not that he's not a nice person. 450 00:23:14,926 --> 00:23:15,962 Right. 451 00:23:16,131 --> 00:23:19,801 My issue is that nice isn't enough, you know? 452 00:23:20,103 --> 00:23:22,137 And you know, honestly, it's not all Bob's fault. 453 00:23:22,372 --> 00:23:23,440 He's just doing 454 00:23:23,575 --> 00:23:24,937 what Wall Street tells him to do. 455 00:23:25,106 --> 00:23:26,469 It's the culture that's wrong. 456 00:23:26,637 --> 00:23:28,281 You know, and if tomorrow, he went out and said, 457 00:23:28,450 --> 00:23:30,306 "Give everybody 24 dollars an hour," 458 00:23:30,475 --> 00:23:32,276 the share price would plummet, you know? 459 00:23:32,445 --> 00:23:34,111 He'd get punished for it, he'd lose his job. 460 00:23:34,280 --> 00:23:36,881 So, it's not exactly one CEO, or... 461 00:23:37,050 --> 00:23:38,222 This is a culture-wide thing. 462 00:23:38,391 --> 00:23:40,482 Well, Bob can rationalize it 463 00:23:40,684 --> 00:23:42,724 because he's brought so much "value to the company," 464 00:23:42,893 --> 00:23:44,591 in the sense of stockholder value... 465 00:23:44,726 --> 00:23:45,726 No question. 466 00:23:45,895 --> 00:23:47,227 ...and we have benefited from that, 467 00:23:47,363 --> 00:23:49,900 and they pay dividends out, and we benefit from that. 468 00:23:50,069 --> 00:23:51,103 Yeah. 469 00:23:51,573 --> 00:23:53,666 But it's prioritizing the wrong thing. 470 00:23:53,869 --> 00:23:55,765 It's not prioritizing people. 471 00:23:55,934 --> 00:23:56,970 Yeah. 472 00:23:57,139 --> 00:24:00,304 And it's... the core problem right there. 473 00:24:02,247 --> 00:24:03,245 That's Grandpa. 474 00:24:03,414 --> 00:24:04,482 Yeah. 475 00:24:04,884 --> 00:24:07,151 You know, Grandma told me I was his favorite. 476 00:24:07,320 --> 00:24:08,947 Did you ever hear that? 477 00:24:09,116 --> 00:24:10,617 - That's just not true. 478 00:24:10,786 --> 00:24:11,886 There's no way that's true, 479 00:24:12,088 --> 00:24:14,122 'cause I thought I was his favorite. 480 00:24:17,290 --> 00:24:19,054 It's just hard for me to imagine. 481 00:24:19,256 --> 00:24:20,790 And correct me if I'm wrong, 482 00:24:20,958 --> 00:24:22,233 but I cannot see 483 00:24:22,469 --> 00:24:24,831 him taking $66 million home 484 00:24:25,133 --> 00:24:27,868 for a year's work in the same year, 485 00:24:28,370 --> 00:24:31,308 when, at the same company, people can't afford food. 486 00:24:31,477 --> 00:24:32,707 I don't see that happening. 487 00:24:32,876 --> 00:24:34,212 That would never have happened. 488 00:24:34,381 --> 00:24:35,878 That would never have happened. 489 00:24:36,046 --> 00:24:39,209 It was a different time. Now, it's about money. 490 00:24:39,411 --> 00:24:41,311 - Greed is good. Yeah. - Greed is good. 491 00:24:41,480 --> 00:24:43,516 I mean, Ayn Rand was one of the people 492 00:24:43,752 --> 00:24:45,149 who kind of came up 493 00:24:45,285 --> 00:24:47,058 with the idea that greed was good. 494 00:24:47,260 --> 00:24:48,293 Mm-hm. 495 00:24:48,428 --> 00:24:51,062 And she was seen as a fruitcake! 496 00:24:51,264 --> 00:24:52,796 A nut! An outlier! 497 00:24:52,964 --> 00:24:54,899 Well, maybe that's how they look at you, honey. 498 00:25:02,106 --> 00:25:03,700 When Bob Iger wrote back, 499 00:25:03,869 --> 00:25:07,009 he acknowledged the problems his workers were having. 500 00:25:07,545 --> 00:25:08,680 But he suggested 501 00:25:08,882 --> 00:25:10,715 that the government was failing them, 502 00:25:10,884 --> 00:25:12,744 and that simply increasing their pay 503 00:25:13,013 --> 00:25:14,612 wouldn't solve their problems. 504 00:25:15,381 --> 00:25:17,252 He referred me to the head of HR, 505 00:25:17,421 --> 00:25:20,553 who told me about the company's free education program... 506 00:25:21,422 --> 00:25:24,696 which is nice, but it doesn't pay the rent. 507 00:25:26,158 --> 00:25:27,699 It was exasperating. 508 00:25:32,404 --> 00:25:33,529 What's up? 509 00:25:33,698 --> 00:25:36,906 Iger put me in touch with the head of HR there, 510 00:25:37,074 --> 00:25:39,704 and she was very nice and very helpful, and... 511 00:25:40,307 --> 00:25:41,937 I don't know if they don't understand 512 00:25:42,173 --> 00:25:43,348 what I'm getting at 513 00:25:43,550 --> 00:25:44,842 or if they don't wanna understand 514 00:25:45,011 --> 00:25:46,542 what I'm getting at... 515 00:25:47,755 --> 00:25:49,879 but it was clear I wasn't getting anywhere. 516 00:25:50,748 --> 00:25:53,153 So, I don't know what direction this is gonna go in. 517 00:25:54,156 --> 00:25:56,095 So, you... you want higher taxes. 518 00:25:56,264 --> 00:25:57,286 I do, I do. 519 00:25:57,489 --> 00:25:58,726 I think that at least the wealthy 520 00:25:58,861 --> 00:26:00,430 need to be paying higher taxes. 521 00:26:00,599 --> 00:26:01,667 And what does that mean to you, 522 00:26:01,802 --> 00:26:03,199 - when you say "higher taxes"? - Well... 523 00:26:03,335 --> 00:26:05,563 So, after months of feeling paralyzed, 524 00:26:05,732 --> 00:26:08,904 there I was doing a live segment about taxing the rich 525 00:26:09,073 --> 00:26:11,435 when I got an unexpected question. 526 00:26:11,637 --> 00:26:13,337 And then the other question I was gonna ask you 527 00:26:13,473 --> 00:26:14,973 is there's a Disney shareholder meeting today, 528 00:26:15,142 --> 00:26:16,308 - as it happens. - Yes. 529 00:26:16,444 --> 00:26:18,011 Do you think that Bob Iger's overpaid? 530 00:26:18,147 --> 00:26:19,650 - You know him. - I think that CEOs, 531 00:26:19,786 --> 00:26:20,950 in general, are paid far too much. 532 00:26:21,219 --> 00:26:22,786 I imagine you have a lot of Disney stock, right? 533 00:26:22,921 --> 00:26:24,285 I'm not gonna come out and say that, 534 00:26:24,421 --> 00:26:28,527 but I will say that if your CEO's salary is at the 700, 535 00:26:28,729 --> 00:26:31,857 600, 500 times your median worker's pay, 536 00:26:32,059 --> 00:26:33,693 then there is nobody on Earth... 537 00:26:33,829 --> 00:26:35,095 Jesus Christ himself 538 00:26:35,330 --> 00:26:37,960 isn't worth 500 times his median worker's pay. 539 00:27:04,999 --> 00:27:06,856 Clearly, I'd struck a nerve. 540 00:27:14,537 --> 00:27:16,673 She dove deeper into her remarks Sunday 541 00:27:16,808 --> 00:27:19,040 in nearly two-dozen tweets. 542 00:27:19,176 --> 00:27:20,972 Abigail Disney wrote, 543 00:27:21,141 --> 00:27:22,442 "It's time to call out Disney 544 00:27:22,578 --> 00:27:24,983 and anyone else rich off their workers' backs." 545 00:27:26,187 --> 00:27:28,319 Disney is testifying before Congress today 546 00:27:28,487 --> 00:27:29,846 over CEO pay. 547 00:27:30,816 --> 00:27:32,581 This topic of income inequality 548 00:27:32,817 --> 00:27:34,859 is really heating up on Capitol Hill. 549 00:27:40,297 --> 00:27:43,197 My mother's voice is working overtime right now, 550 00:27:44,330 --> 00:27:45,700 telling me to sit up straight 551 00:27:45,935 --> 00:27:47,905 and asking me who I think I am. 552 00:27:50,774 --> 00:27:51,975 It's sort of like, um, 553 00:27:52,110 --> 00:27:53,978 "You need to feel awful about what you're doing, 554 00:27:54,147 --> 00:27:56,044 but if you're gonna feel awful about what you're doing, 555 00:27:56,213 --> 00:27:57,911 you should at least sit up straight." 556 00:27:58,347 --> 00:28:00,181 - Okay, perfect. 557 00:28:02,684 --> 00:28:03,885 Okay. 558 00:28:04,121 --> 00:28:06,055 - I am so nervous. - What? 559 00:28:06,224 --> 00:28:07,886 - I'm so nervous right now. - I know, breathe. 560 00:28:08,489 --> 00:28:09,995 Did I ever show you this ring? 561 00:28:10,798 --> 00:28:12,231 - Do you know what it is? - No. 562 00:28:12,366 --> 00:28:13,364 Oh, it's bananas. 563 00:28:13,533 --> 00:28:14,556 - No? - No. 564 00:28:14,692 --> 00:28:16,131 - What is it? - It's a clitoris. 565 00:28:16,333 --> 00:28:18,197 - It's a clitoris. 566 00:28:18,366 --> 00:28:20,372 I gotta tell you, when I wear this, 567 00:28:20,541 --> 00:28:21,935 it's always the men who say, 568 00:28:22,070 --> 00:28:23,932 "Wow, that's a beautiful ring." 569 00:28:26,074 --> 00:28:27,369 That's deeply disturbing. 570 00:28:27,538 --> 00:28:29,740 And I just... I love it! 571 00:28:29,909 --> 00:28:32,244 And so, I like to wear it to the most patriarchal places. 572 00:28:32,413 --> 00:28:33,883 - And point it right at 'em. - Yeah. 573 00:28:34,019 --> 00:28:35,115 Fight the power. 574 00:28:35,250 --> 00:28:36,881 It did look like bananas at first. 575 00:28:39,024 --> 00:28:40,225 - Thank you so much. 576 00:28:40,360 --> 00:28:41,219 Okay. 577 00:28:41,755 --> 00:28:43,254 - Thank you. - Here we go, girls. 578 00:28:43,723 --> 00:28:45,220 - All right. - Let's do it. 579 00:28:45,389 --> 00:28:46,898 Let's do it. 580 00:28:54,105 --> 00:28:55,533 The Committee will come to order. 581 00:28:55,768 --> 00:28:58,739 The hearing is entitled 582 00:28:58,908 --> 00:29:00,110 A Review of Proposals 583 00:29:00,278 --> 00:29:02,271 to Strengthen the Rights and Protections of Workers," 584 00:29:02,440 --> 00:29:04,146 and I now recognize the... 585 00:29:04,348 --> 00:29:06,944 No, Madame Chair, I have a parliamentarian inquiry. 586 00:29:07,113 --> 00:29:08,216 Okay. 587 00:29:08,385 --> 00:29:11,620 I'd like to know the purpose of the filming. 588 00:29:11,789 --> 00:29:12,957 It's highly unusual. 589 00:29:13,126 --> 00:29:16,055 Is this a for-profit or not-for-profit entity? 590 00:29:16,191 --> 00:29:17,787 It might be for profit entity, 591 00:29:17,956 --> 00:29:19,960 but I've certainly never seen a profit on any of it 592 00:29:20,162 --> 00:29:21,328 - but um... 593 00:29:21,664 --> 00:29:23,302 Reclaiming my time, I don't believe this is a... 594 00:29:23,437 --> 00:29:24,694 I don't believe... 595 00:29:24,929 --> 00:29:26,834 The objections to my having 596 00:29:27,003 --> 00:29:28,332 a film crew present 597 00:29:28,568 --> 00:29:29,838 came seemingly out of the blue, 598 00:29:30,007 --> 00:29:31,441 though I would later learn 599 00:29:31,576 --> 00:29:34,441 that a Disney lobbyist had been working behind the scenes 600 00:29:34,644 --> 00:29:37,315 pressuring both sides to prevent me from speaking. 601 00:29:37,450 --> 00:29:38,950 Move to adjourn. 602 00:29:40,516 --> 00:29:43,453 All those in favor of the move to adjourn, 603 00:29:43,588 --> 00:29:44,982 say "Aye." 604 00:29:45,117 --> 00:29:46,215 Aye. 605 00:29:46,518 --> 00:29:48,856 All those opposed, say "Nay." 606 00:29:49,025 --> 00:29:50,522 Nay. 607 00:29:50,724 --> 00:29:53,756 In the opinion of the Chair, the nays have it. 608 00:29:54,759 --> 00:29:57,532 Dr. Disney, you are now recognized. 609 00:29:57,734 --> 00:29:58,763 Thank you. 610 00:29:59,733 --> 00:30:01,999 Today, I hope to raise some simple questions 611 00:30:02,235 --> 00:30:04,099 about CEO compensation. 612 00:30:04,902 --> 00:30:07,504 Does a CEO's pay have any relationship 613 00:30:07,740 --> 00:30:10,881 what his hotel maids and janitors get? 614 00:30:11,083 --> 00:30:13,115 Do the people who spend a lifetime 615 00:30:13,284 --> 00:30:15,687 at the lowest inch of the wage spectrum 616 00:30:15,990 --> 00:30:18,286 deserve the dignity of a living wage? 617 00:30:18,922 --> 00:30:20,926 This is a moral issue. 618 00:30:22,556 --> 00:30:24,590 The burden is not just on Disney, 619 00:30:24,792 --> 00:30:27,591 and Disney is a long way from being the worst offender. 620 00:30:27,793 --> 00:30:30,067 Disney could tomorrow raise the salaries 621 00:30:30,202 --> 00:30:31,899 of all of its workers to a living wage. 622 00:30:32,068 --> 00:30:33,730 It was possible to do this 623 00:30:33,966 --> 00:30:36,408 when my great-uncle and grandfather built the company, 624 00:30:36,543 --> 00:30:37,668 it's possible now. 625 00:30:38,536 --> 00:30:40,204 People made this problem, 626 00:30:40,373 --> 00:30:42,379 and by people, it can be fixed. 627 00:30:42,548 --> 00:30:43,707 Thank you. 628 00:30:50,751 --> 00:30:53,750 The gentleman from Indiana is now recognized. 629 00:30:53,952 --> 00:30:57,194 Well, Dr. Disney, I heard you several times say 630 00:30:57,362 --> 00:31:00,393 what CEO pay should be, what living wage should be, 631 00:31:00,695 --> 00:31:03,902 up and down the spectrum, sea to shining sea. 632 00:31:04,071 --> 00:31:06,229 That is... We have a definition of that. 633 00:31:06,364 --> 00:31:07,572 That is socialism. 634 00:31:07,741 --> 00:31:08,664 Here we go with socialism. 635 00:31:08,833 --> 00:31:10,107 We know what that is. 636 00:31:10,309 --> 00:31:12,537 This idea that a company exists solely 637 00:31:12,706 --> 00:31:15,446 to maximize profits, that is simply not true. 638 00:31:16,315 --> 00:31:18,941 Companies have moral obligations to their employees. 639 00:31:19,143 --> 00:31:20,783 If you don't wanna call this "socialism," 640 00:31:20,985 --> 00:31:22,587 I suppose you can call it 641 00:31:22,756 --> 00:31:24,314 "Marxism," "neo-Marxism." 642 00:31:24,516 --> 00:31:26,883 It certainly isn't the path 643 00:31:27,019 --> 00:31:29,987 that made our country the world's land of opportunity. 644 00:31:30,790 --> 00:31:33,964 The reality is the entire American workforce 645 00:31:34,233 --> 00:31:36,331 is benefiting from this era of prosperity. 646 00:32:01,118 --> 00:32:02,886 Where do you want the... uh, yellow onions? 647 00:32:03,021 --> 00:32:04,887 - Next to the reds? - Right next to the red. 648 00:32:11,270 --> 00:32:13,302 We got up at four o'clock this morning. 649 00:32:14,104 --> 00:32:15,606 I haven't been feeling good, 650 00:32:15,775 --> 00:32:18,134 and Ralph was up for... 651 00:32:18,370 --> 00:32:20,111 over 24 hours. 652 00:32:20,280 --> 00:32:22,781 He worked the night before, he got off work, 653 00:32:22,950 --> 00:32:24,977 and he went over to the food bank. 654 00:32:25,813 --> 00:32:28,449 Sometimes, we feel like we miss our kids, whatnot. 655 00:32:29,646 --> 00:32:30,947 But at the same time, 656 00:32:31,650 --> 00:32:33,823 we also want our kids to know 657 00:32:33,992 --> 00:32:37,227 exactly what it's like to give. 658 00:32:38,598 --> 00:32:39,524 Here, Ellie. 659 00:32:39,726 --> 00:32:40,999 We have one more over there, too. 660 00:32:41,135 --> 00:32:42,358 I'm gonna hand you the stuff over here. 661 00:32:42,493 --> 00:32:43,860 Okay, sounds good. 662 00:32:44,970 --> 00:32:46,300 Did you wash the apples? 663 00:32:46,469 --> 00:32:47,902 - Si. - Thank you. 664 00:32:48,638 --> 00:32:50,465 Snow White, I always wash the apples. 665 00:32:50,634 --> 00:32:52,077 No, you don't. 666 00:32:56,011 --> 00:32:58,648 The Disney Company did respond to Abigail Disney. 667 00:32:58,817 --> 00:33:01,349 Disney fired back with their own statement... 668 00:33:01,518 --> 00:33:03,214 Saying her statements are, 669 00:33:03,450 --> 00:33:05,123 quote, "unfair and libelous." 670 00:33:06,788 --> 00:33:08,455 "We strongly disagree with this 671 00:33:08,657 --> 00:33:10,788 characterization of our employees 672 00:33:10,923 --> 00:33:12,658 and their experience at Disney." 673 00:33:14,128 --> 00:33:16,664 My colleague asked Bob Iger about that massive pay gap, 674 00:33:16,833 --> 00:33:19,038 and he said, "It's not an issue I want to address" 675 00:33:19,206 --> 00:33:20,863 but believes the interest of the employees 676 00:33:20,999 --> 00:33:23,540 have been served, quote, "very well." 677 00:33:27,045 --> 00:33:28,375 January, February, March, 678 00:33:28,544 --> 00:33:30,346 we'll be having this once a month. 679 00:33:32,381 --> 00:33:33,880 To be clear, 680 00:33:34,049 --> 00:33:38,356 2019 was one of Disney's most profitable years ever, 681 00:33:39,326 --> 00:33:41,623 as it was for many American companies. 682 00:33:42,592 --> 00:33:46,196 And yet, food banks across the country 683 00:33:46,398 --> 00:33:48,562 were struggling to keep up with demand. 684 00:33:50,397 --> 00:33:51,929 The business narrative 685 00:33:52,097 --> 00:33:54,696 had come totally unmoored from reality. 686 00:33:55,432 --> 00:33:57,735 Abigail Disney, she's missing the big story, 687 00:33:57,904 --> 00:34:00,576 which is we are reducing income inequality 688 00:34:00,745 --> 00:34:03,446 through free-market capitalism and through the tax cuts, 689 00:34:03,648 --> 00:34:06,080 more investment by businesses, a tight labor market. 690 00:34:06,249 --> 00:34:08,052 That's the best thing you can do 691 00:34:08,221 --> 00:34:09,754 for, you know, working-class Americans, 692 00:34:09,923 --> 00:34:11,554 'cause we all want... look, 693 00:34:11,689 --> 00:34:13,356 we all want Americans to climb the economic ladder. 694 00:34:21,696 --> 00:34:23,591 So, lemme ask you about this. Okay, 695 00:34:23,727 --> 00:34:25,136 here I am, hacking away 696 00:34:25,338 --> 00:34:27,899 at trying to make a difference at this company, 697 00:34:28,102 --> 00:34:30,907 partly because I think Disney's like a bellwether company. 698 00:34:31,076 --> 00:34:33,011 Their power is so immense, 699 00:34:33,213 --> 00:34:35,139 but they're being stalled by fear... 700 00:34:35,909 --> 00:34:38,412 and conformity and... well, and greed. 701 00:34:38,714 --> 00:34:40,349 I mean, am I wrong about that? If they change, 702 00:34:40,551 --> 00:34:42,182 there will be those that follow behind? 703 00:34:42,385 --> 00:34:43,816 No, you're gonna need Disney, 704 00:34:43,951 --> 00:34:45,520 but you're gonna need one or two other companies 705 00:34:45,655 --> 00:34:47,289 of people running them with a conscience. 706 00:34:47,558 --> 00:34:50,354 But you've gotta get that first cog moved. 707 00:34:50,556 --> 00:34:52,030 Yeah, exactly. 708 00:34:52,233 --> 00:34:54,424 So, what's the strategy? What am I missing? 709 00:34:54,593 --> 00:34:56,201 What do I need to do? 710 00:34:57,068 --> 00:34:58,436 Make a movie about it? 711 00:35:01,599 --> 00:35:02,836 There's that. 712 00:35:06,874 --> 00:35:08,504 Well, that was meta. 713 00:35:09,207 --> 00:35:11,476 But I did grow up steeped in the power 714 00:35:11,611 --> 00:35:13,185 of stories to change the world. 715 00:35:14,549 --> 00:35:16,849 My family is itself a story. 716 00:35:18,052 --> 00:35:20,516 One that's invoked constantly as the embodiment 717 00:35:20,718 --> 00:35:21,820 of the American Dream. 718 00:35:26,093 --> 00:35:28,299 But an unexamined story is a dangerous thing. 719 00:35:29,299 --> 00:35:30,768 That American story 720 00:35:31,070 --> 00:35:32,633 about rising on your own 721 00:35:33,469 --> 00:35:35,003 teaches us all to believe 722 00:35:35,272 --> 00:35:37,071 that if you work hard enough, 723 00:35:37,307 --> 00:35:38,969 anything is possible. 724 00:35:43,214 --> 00:35:45,343 Climbing the economic ladder. 725 00:35:45,612 --> 00:35:47,208 It's as if race doesn't matter, 726 00:35:47,377 --> 00:35:50,380 gender, disability, or anything else. 727 00:35:50,715 --> 00:35:52,016 It's magical thinking, 728 00:35:52,184 --> 00:35:54,582 and you can hear it in the language we use. 729 00:35:54,885 --> 00:35:56,560 "Shooting the moon." 730 00:35:57,063 --> 00:35:58,663 "Reaching for the brass ring." 731 00:35:59,399 --> 00:36:01,093 "Pulling on your own bootstraps." 732 00:36:02,728 --> 00:36:04,195 I mean, think about, 733 00:36:04,330 --> 00:36:07,035 you can't pick yourself up by anything on yourself. 734 00:36:07,203 --> 00:36:08,570 It's physics! 735 00:36:10,675 --> 00:36:12,970 But the language is always about rising. 736 00:36:14,179 --> 00:36:15,742 Rising on your own. 737 00:36:20,511 --> 00:36:23,585 My grandfather and great-uncle did not rise alone. 738 00:36:29,855 --> 00:36:31,855 In the '50s, '60s, and '70s, 739 00:36:32,024 --> 00:36:33,893 a full-time worker at Disneyland 740 00:36:34,061 --> 00:36:37,195 could afford 741 00:36:37,397 --> 00:36:38,595 a house, 742 00:36:38,831 --> 00:36:41,029 food in the fridge, a car, 743 00:36:41,364 --> 00:36:43,132 and the ability to raise a family. 744 00:36:46,747 --> 00:36:49,211 I never intended to make a career out of Disney. 745 00:36:49,380 --> 00:36:51,148 Never. It was a summer job. 746 00:36:51,517 --> 00:36:54,215 But you could advance in the company, 747 00:36:54,384 --> 00:36:55,945 and if they realized 748 00:36:56,247 --> 00:36:58,483 that you were really happy there and worked well, 749 00:36:58,686 --> 00:37:00,125 then you got quite the raise, 750 00:37:00,260 --> 00:37:01,453 'cause I remember all of a sudden, 751 00:37:01,688 --> 00:37:02,921 I was making pretty good money. 752 00:37:04,294 --> 00:37:05,793 Roy talked about 753 00:37:05,928 --> 00:37:08,592 how he hoped that some of us would go on 754 00:37:08,828 --> 00:37:10,262 to stay with the company, 755 00:37:10,498 --> 00:37:12,296 and he meant it! 756 00:37:12,832 --> 00:37:14,534 Roy Disney, we call him "Roy," 757 00:37:14,703 --> 00:37:16,065 and they'll correct you every time 758 00:37:16,234 --> 00:37:18,771 if you call him "Mr. Disney" or "Mr. Tatum," 759 00:37:18,940 --> 00:37:20,571 and that... doesn't that make you feel good? 760 00:37:20,706 --> 00:37:22,314 It does me. 761 00:37:27,678 --> 00:37:30,722 I remember him as a pretty regular guy, 762 00:37:31,091 --> 00:37:32,716 who lived a no-frills lifestyle 763 00:37:32,852 --> 00:37:34,986 by today's CEO standards. 764 00:37:36,896 --> 00:37:37,921 In fact, 765 00:37:38,390 --> 00:37:41,697 in 1967, his pay, including stock options, 766 00:37:41,932 --> 00:37:45,535 was just 78 times his lowest worker's pay... 767 00:37:46,672 --> 00:37:50,001 which was typical for a CEO of his time. 768 00:37:52,102 --> 00:37:54,313 So, what was different then? 769 00:37:56,178 --> 00:38:01,049 Why didn't executives in the 1950s and '60s 770 00:38:01,318 --> 00:38:03,349 give themselves the kind 771 00:38:03,684 --> 00:38:07,556 tremendous, tremendous salaries 772 00:38:07,791 --> 00:38:10,494 and bonuses and stock options and everything? 773 00:38:11,823 --> 00:38:13,531 You just didn't do it. 774 00:38:14,267 --> 00:38:16,034 There was a certain ethics. 775 00:38:16,503 --> 00:38:18,337 There was a certain way you behave. 776 00:38:20,903 --> 00:38:23,165 Is it overly romantic for me 777 00:38:23,401 --> 00:38:25,269 to think of my grandfather as someone who... 778 00:38:26,172 --> 00:38:27,638 you know, thought about his employees 779 00:38:27,840 --> 00:38:29,804 as important partners and... 780 00:38:29,973 --> 00:38:32,044 and wanted to make sure 781 00:38:32,179 --> 00:38:34,111 that people could raise families on their salaries? 782 00:38:34,347 --> 00:38:36,882 I don't think it's overly romantic at all. 783 00:38:37,251 --> 00:38:38,888 You know, the motto of the Harvard Business School 784 00:38:40,217 --> 00:38:43,020 "Making a decent profit decently." 785 00:38:43,189 --> 00:38:44,830 - Really? - Yeah. 786 00:38:45,199 --> 00:38:46,854 And that wasn't that unusual. 787 00:38:47,023 --> 00:38:49,498 It wasn't a crazy idea 788 00:38:49,800 --> 00:38:52,569 that business was in service to society. 789 00:38:55,833 --> 00:38:58,666 So, the economic situation we're currently in... 790 00:38:58,835 --> 00:39:01,773 I think a lot of people assume is just what happens, right? 791 00:39:01,908 --> 00:39:03,205 Yeah, people think 792 00:39:03,340 --> 00:39:04,511 the economy is like the weather. 793 00:39:04,646 --> 00:39:06,449 The economy is not the weather, 794 00:39:06,651 --> 00:39:08,851 it's not a set of uncontrollable forces 795 00:39:09,020 --> 00:39:11,020 that we just have to sort of try to protect ourselves from 796 00:39:11,188 --> 00:39:12,248 as possible. 797 00:39:13,451 --> 00:39:15,922 People set the rules for capitalism. 798 00:39:17,190 --> 00:39:19,354 Greed's been with us forever, 799 00:39:19,523 --> 00:39:21,597 and there have always been businessmen 800 00:39:21,866 --> 00:39:23,934 setting the rules to favor themselves, 801 00:39:24,303 --> 00:39:26,496 so what was holding them back? 802 00:39:28,138 --> 00:39:29,674 In the middle of the 20th century, 803 00:39:29,910 --> 00:39:33,368 norms and laws set a different standard and understanding 804 00:39:33,537 --> 00:39:35,876 in terms of what Americans expected. 805 00:39:36,045 --> 00:39:38,713 That basically was a social contract 806 00:39:38,982 --> 00:39:41,218 between business, government, and labor 807 00:39:41,387 --> 00:39:42,483 that said, "You know what? 808 00:39:42,685 --> 00:39:44,287 We're all gonna do our part 809 00:39:44,456 --> 00:39:46,216 to ensure that we all have 810 00:39:46,385 --> 00:39:48,589 a pretty decent standard of living." 811 00:39:48,892 --> 00:39:51,995 And you had really strong labor unions 812 00:39:52,197 --> 00:39:54,432 that gave workers 813 00:39:54,601 --> 00:39:58,098 a real voice in the conditions of their work 814 00:39:58,267 --> 00:40:00,736 and of the business practices and business strategies. 815 00:40:04,569 --> 00:40:07,441 It wasn't just the generosity of the CEOs 816 00:40:07,610 --> 00:40:08,772 that made capitalism 817 00:40:08,974 --> 00:40:11,105 a little more humane. 818 00:40:11,708 --> 00:40:14,781 It was that the labor movement fought a fight, 819 00:40:14,950 --> 00:40:16,884 and the government backed them up 820 00:40:17,052 --> 00:40:19,282 with worker laws... workers' rights laws. 821 00:40:20,118 --> 00:40:21,383 Those laws, 822 00:40:21,518 --> 00:40:23,627 in addition to mid-century norms, 823 00:40:24,096 --> 00:40:26,930 are what kept my grandfather and other CEOs in check. 824 00:40:27,733 --> 00:40:29,733 I remember talk around the dinner table 825 00:40:29,935 --> 00:40:33,236 about the notorious strike way back in 1941, 826 00:40:33,405 --> 00:40:34,934 when nearly every worker 827 00:40:35,203 --> 00:40:37,476 walked off the job to protest unfair pay. 828 00:40:38,277 --> 00:40:39,940 Grandpa and Uncle Walt 829 00:40:40,076 --> 00:40:41,770 didn't like being told what to do by anyone, 830 00:40:42,139 --> 00:40:43,812 but they didn't have a choice. 831 00:40:45,578 --> 00:40:48,276 Walt did everything he possibly could, 832 00:40:48,579 --> 00:40:51,853 but unions were incredibly powerful. 833 00:40:53,418 --> 00:40:55,450 And so, Walt Disney had to capitulate. 834 00:40:56,820 --> 00:41:01,462 In terms of how employees were treated more often 835 00:41:01,597 --> 00:41:03,231 and how companies 836 00:41:03,533 --> 00:41:05,229 did not feel required 837 00:41:05,464 --> 00:41:09,403 to take out every last possible penny like Scrooge, 838 00:41:09,539 --> 00:41:11,037 um... it was different. 839 00:41:12,207 --> 00:41:14,542 You know, in the 1950s and '60s and '70s, 840 00:41:14,711 --> 00:41:16,107 tax rates on corporations 841 00:41:16,442 --> 00:41:19,380 were high, higher than they've been in 50 years. 842 00:41:19,582 --> 00:41:21,110 And yet it worked out. 843 00:41:21,446 --> 00:41:22,983 It built up all kinds of things. 844 00:41:26,018 --> 00:41:27,119 The interstate highways, 845 00:41:27,354 --> 00:41:28,851 they were brand new and they were wonderful 846 00:41:29,020 --> 00:41:30,117 and it was fantastic! 847 00:41:30,286 --> 00:41:31,495 And, of course, it funneled 848 00:41:31,697 --> 00:41:33,364 all those hundreds and thousands 849 00:41:33,633 --> 00:41:36,062 and millions of people to Disneyland. 850 00:41:37,767 --> 00:41:39,294 This is Disneyland. 851 00:41:39,597 --> 00:41:41,529 Since its opening, 50 million people, 852 00:41:41,765 --> 00:41:43,733 or over one-fourth of America's population, 853 00:41:43,935 --> 00:41:45,243 have come here. 854 00:41:45,445 --> 00:41:47,071 And in ten years, almost one 855 00:41:47,307 --> 00:41:48,680 billion dollars have been spent, 856 00:41:48,815 --> 00:41:50,841 all because of tourist money generated 857 00:41:51,076 --> 00:41:52,782 by a unique recreation industry 858 00:41:52,917 --> 00:41:55,516 in this vast Orange County area. 859 00:41:58,491 --> 00:41:59,690 It sure seemed 860 00:41:59,859 --> 00:42:01,758 like money was trickling down then... 861 00:42:02,928 --> 00:42:05,193 even as companies were making profits 862 00:42:06,029 --> 00:42:07,731 and the economy was going gangbusters. 863 00:42:09,694 --> 00:42:12,933 You had the big hallmarks we think of 864 00:42:13,269 --> 00:42:15,965 as middle-class life, paid for by tax dollars. 865 00:42:16,601 --> 00:42:19,610 Things like massively subsidized housing, 866 00:42:20,046 --> 00:42:22,912 the ability for someone on a working-class income 867 00:42:23,181 --> 00:42:26,717 to get into home ownership without a down payment. 868 00:42:27,420 --> 00:42:28,715 And the government subsidized 869 00:42:28,884 --> 00:42:30,919 healthcare, free college. 870 00:42:32,249 --> 00:42:33,417 It was the creation 871 00:42:33,786 --> 00:42:35,252 of the greatest middleclass the world had ever seen, 872 00:42:35,488 --> 00:42:37,354 the highest standard of living in the world. 873 00:42:38,221 --> 00:42:39,860 The American Dream 874 00:42:40,063 --> 00:42:42,700 was a gift of the American government. 875 00:42:55,279 --> 00:42:57,110 But it was largely for whites only. 876 00:43:03,750 --> 00:43:05,757 So, everything about the collective social contract 877 00:43:05,892 --> 00:43:07,148 that built what we call "the middleclass" 878 00:43:07,284 --> 00:43:08,322 in the United States 879 00:43:08,958 --> 00:43:10,926 - was racialized. - Yes. 880 00:43:14,131 --> 00:43:16,360 Like so many white people, 881 00:43:16,495 --> 00:43:18,467 growing up, I hadn't been taught 882 00:43:18,636 --> 00:43:20,101 that government policies 883 00:43:20,436 --> 00:43:23,203 had actively stacked the deck against people of color 884 00:43:23,772 --> 00:43:25,005 by limiting access 885 00:43:25,241 --> 00:43:28,141 to all those on-ramps to the American Dream. 886 00:43:34,316 --> 00:43:36,611 In the United States, we so often... 887 00:43:37,720 --> 00:43:39,519 don't want to see... 888 00:43:39,955 --> 00:43:42,153 the harm, the exploitation... 889 00:43:42,288 --> 00:43:44,025 - Uh-huh. - The power. 890 00:43:45,560 --> 00:43:46,520 It's... 891 00:43:46,856 --> 00:43:49,091 that's the Disneyfication of American history 892 00:43:49,293 --> 00:43:50,834 and of our American story. 893 00:43:53,271 --> 00:43:55,403 To all who come to this happy place, 894 00:43:55,538 --> 00:43:56,499 welcome. 895 00:43:57,641 --> 00:43:59,403 Disneyland is your land. 896 00:44:03,949 --> 00:44:05,643 And there's Aunt Jemima! 897 00:44:09,783 --> 00:44:12,087 It's painful, and it took me a long time 898 00:44:12,289 --> 00:44:14,324 to fully comprehend the role that my family, 899 00:44:14,626 --> 00:44:16,155 the people that I loved, 900 00:44:16,290 --> 00:44:18,523 played in perpetuating centuries-old 901 00:44:18,959 --> 00:44:20,398 myths and stories 902 00:44:20,567 --> 00:44:22,459 that made this racist system 903 00:44:22,628 --> 00:44:25,836 seem perfectly natural and completely benign. 904 00:44:36,516 --> 00:44:37,738 You know, 905 00:44:37,940 --> 00:44:39,409 our original economic model in this country 906 00:44:39,845 --> 00:44:42,919 was stolen land, stolen people, and stolen labor. 907 00:44:46,482 --> 00:44:49,257 It's an economy in which 908 00:44:49,392 --> 00:44:51,895 white men are sitting at the top of a hierarchy. 909 00:44:54,999 --> 00:44:56,768 That's really our founding myth. 910 00:44:58,699 --> 00:45:00,899 The idea that some people and groups of people 911 00:45:01,035 --> 00:45:02,433 are simply better than others. 912 00:45:05,607 --> 00:45:07,241 Here I am, down here on Main Street. 913 00:45:07,377 --> 00:45:09,240 I've got my whole family with me, my lovely wife, Mary, 914 00:45:09,376 --> 00:45:11,608 and my daughter, Melinda, and Bob. 915 00:45:11,777 --> 00:45:13,785 You know, this is a Main Street, ladies and gentlemen, 916 00:45:13,920 --> 00:45:15,452 just like my grandma used to tell me about 917 00:45:15,588 --> 00:45:16,788 back in Joplin, Missouri. 918 00:45:20,455 --> 00:45:22,618 When he created those amusement parks, 919 00:45:22,787 --> 00:45:25,629 Walt Disney created not only a false reality, 920 00:45:25,832 --> 00:45:28,459 but he also changed reality itself. 921 00:45:33,738 --> 00:45:35,296 As Disneyland was being built, 922 00:45:35,432 --> 00:45:37,468 Walt was very conscious 923 00:45:37,670 --> 00:45:40,207 of creating that berm around the park. 924 00:45:40,375 --> 00:45:42,479 And the idea of creating that berm was 925 00:45:42,682 --> 00:45:44,244 that reality was out there... 926 00:45:45,079 --> 00:45:46,708 and it didn't invade here. 927 00:45:57,425 --> 00:45:58,954 But outside the berm, 928 00:45:59,090 --> 00:46:02,328 it was getting harder and harder to ignore reality. 929 00:46:04,061 --> 00:46:06,261 People of color were suddenly saying, 930 00:46:06,430 --> 00:46:08,139 "We want a seat at the table." 931 00:46:08,475 --> 00:46:09,599 "We've been contributing 932 00:46:09,735 --> 00:46:11,838 to this great American engine of prosperity 933 00:46:11,974 --> 00:46:14,307 and we want our shot too." 934 00:46:19,110 --> 00:46:23,110 When the Civil Rights Movement and the gains in the courts 935 00:46:23,279 --> 00:46:26,450 empowered Black Americans, the federal government switched 936 00:46:26,619 --> 00:46:28,759 from being the enforcer of the racial hierarchy 937 00:46:28,895 --> 00:46:31,291 to the up-ender of the racial hierarchy. 938 00:46:39,172 --> 00:46:42,271 And millions of Americans, white Americans, 939 00:46:42,406 --> 00:46:45,140 who had been taught to disdain and distrust Black Americans, 940 00:46:45,275 --> 00:46:47,274 felt betrayed by that government. 941 00:46:51,680 --> 00:46:54,051 The sense of betrayal white Americans felt 942 00:46:54,287 --> 00:46:57,482 planted a deep seed of mistrust in the government... 943 00:46:59,149 --> 00:47:02,054 which would only expand across the political spectrum 944 00:47:02,523 --> 00:47:04,720 as unrest continued into the 1970s. 945 00:47:07,228 --> 00:47:08,493 All kinds of people 946 00:47:08,629 --> 00:47:10,325 weren't so crazy about the government 947 00:47:10,494 --> 00:47:11,934 for a lot of reasons. 948 00:47:12,503 --> 00:47:14,263 There was all this talk of revolution and socialism 949 00:47:14,399 --> 00:47:15,566 and everything else. 950 00:47:18,371 --> 00:47:20,438 Many CEOs and rich people 951 00:47:20,674 --> 00:47:23,710 who wanted to maximize their wealth and power 952 00:47:23,879 --> 00:47:25,049 thought, like, 953 00:47:25,351 --> 00:47:26,876 "My God, are the guillotines gonna come for us?" 954 00:47:27,512 --> 00:47:29,049 Some of 'em thought that. 955 00:47:29,619 --> 00:47:31,588 And they thought, "We gotta get together and stop this 956 00:47:31,791 --> 00:47:33,188 or we're gonna be washed away, 957 00:47:33,390 --> 00:47:36,690 and the anti-business sentiment is just gonna ruin us." 958 00:47:39,123 --> 00:47:40,989 The business class may have been fearful, 959 00:47:41,158 --> 00:47:44,000 but in all this upheaval, they saw an opportunity 960 00:47:44,169 --> 00:47:46,228 to use white fear and insecurity 961 00:47:46,530 --> 00:47:48,835 to sell a new economic story. 962 00:47:49,738 --> 00:47:52,537 They began to see that white Americans 963 00:47:52,706 --> 00:47:55,936 would turn away from government and unions 964 00:47:56,138 --> 00:47:58,813 and towards the quote-unquote "free market." 965 00:47:59,583 --> 00:48:02,911 And that's when we began to see the business class 966 00:48:03,080 --> 00:48:05,747 really organized, with a message that said, 967 00:48:05,916 --> 00:48:08,057 basically, "Turn your back on the formula 968 00:48:08,259 --> 00:48:10,786 that created your own middleclass prosperity." 969 00:48:14,063 --> 00:48:16,929 And what we see today is 970 00:48:17,131 --> 00:48:18,598 we have an economy 971 00:48:18,767 --> 00:48:21,629 that always existed for Black and brown people, 972 00:48:21,898 --> 00:48:23,635 and yet now, it's existing 973 00:48:23,803 --> 00:48:26,472 for nearly the majority of American workers. 974 00:48:29,574 --> 00:48:31,748 If you build into any system 975 00:48:32,050 --> 00:48:34,316 a belief in a hierarchy of human value 976 00:48:34,451 --> 00:48:36,713 that gives permission to exploitation of anyone, 977 00:48:36,948 --> 00:48:40,618 ultimately, that system will sort of swallow us all. 978 00:49:08,151 --> 00:49:09,383 All across America, 979 00:49:09,618 --> 00:49:12,181 tourist attractions are shutting down. 980 00:49:12,950 --> 00:49:14,387 Disneyland in California, 981 00:49:14,589 --> 00:49:16,456 closing because of the coronavirus. 982 00:49:18,255 --> 00:49:19,958 They are proceeding with the closure 983 00:49:20,127 --> 00:49:21,527 of these parks. 984 00:49:24,093 --> 00:49:27,230 Here's what's new at 2:05. 985 00:49:27,599 --> 00:49:29,666 Disney will furlough 30,000 986 00:49:29,801 --> 00:49:31,905 of its workers in Anaheim alone. 987 00:49:32,108 --> 00:49:34,111 An additional 43,000... 988 00:49:35,613 --> 00:49:37,940 What the company is asking them to do 989 00:49:38,108 --> 00:49:40,043 is to certainly apply for state benefits 990 00:49:40,345 --> 00:49:41,448 in the interim. 991 00:49:43,621 --> 00:49:46,118 With no clarity about whether or when 992 00:49:46,287 --> 00:49:48,315 permanent layoffs would come, 993 00:49:48,751 --> 00:49:50,019 cast members wondered 994 00:49:50,288 --> 00:49:52,657 how long their unemployment benefits would hold out. 995 00:49:56,302 --> 00:49:58,962 To try to keep things fun and interesting, 996 00:49:59,131 --> 00:50:01,798 we are in our tent camping in the front yard. 997 00:50:02,432 --> 00:50:03,406 Cold! 998 00:50:03,975 --> 00:50:05,137 It can't be cold, honey. 999 00:50:05,306 --> 00:50:06,938 Mommy just got it off the grill. 1000 00:50:07,173 --> 00:50:08,444 It is cold! 1001 00:50:08,646 --> 00:50:09,880 Feel it! 1002 00:50:10,349 --> 00:50:12,340 Okay, I'll find a way to heat it back up. 1003 00:50:12,542 --> 00:50:13,945 How dare you?! 1004 00:50:14,314 --> 00:50:15,517 How dare you?! 1005 00:50:15,853 --> 00:50:17,682 How dare you?! 1006 00:50:22,828 --> 00:50:25,120 It's raining! 1007 00:50:27,329 --> 00:50:28,456 You like camping, huh? 1008 00:50:28,658 --> 00:50:29,799 Mm-hm, in the rain! 1009 00:50:30,002 --> 00:50:31,358 In the rain! 1010 00:50:31,527 --> 00:50:32,763 I like it. 1011 00:50:35,732 --> 00:50:37,066 It's good to see everybody! 1012 00:50:37,535 --> 00:50:38,768 There you go! 1013 00:50:38,904 --> 00:50:40,441 So, how's everybody doing? 1014 00:50:41,972 --> 00:50:43,609 It's the same day it's always been. 1015 00:50:43,744 --> 00:50:45,340 Tomorrow, I'll let you know about tomorrow. 1016 00:50:45,475 --> 00:50:46,379 And after that, 1017 00:50:46,748 --> 00:50:47,917 I'll let you know about the day after that. 1018 00:50:48,052 --> 00:50:49,285 You gotta roll with the punches. 1019 00:50:52,188 --> 00:50:53,684 People say, you know, 1020 00:50:53,819 --> 00:50:55,721 "We're worried about the future." 1021 00:50:55,890 --> 00:50:57,721 It's kinda hard to get worried about something 1022 00:50:57,856 --> 00:50:59,028 that you never had an opportunity 1023 00:50:59,163 --> 00:51:00,560 to have in the first place. 1024 00:51:03,401 --> 00:51:05,466 We're coming here to Michael's high school 1025 00:51:05,668 --> 00:51:08,172 and seeing if we can pick up food for everybody. 1026 00:51:09,635 --> 00:51:11,668 - Four. - Four? 1027 00:51:11,871 --> 00:51:13,973 - You like her mask? - Yeah! 1028 00:51:14,141 --> 00:51:15,475 It's so pretty! 1029 00:51:15,644 --> 00:51:17,878 - Thank you! 1030 00:51:18,881 --> 00:51:20,481 Just worried about today and tomorrow 1031 00:51:20,650 --> 00:51:23,077 and being able to just do the basic stuff. 1032 00:51:23,813 --> 00:51:25,288 We live day by day. 1033 00:51:35,492 --> 00:51:39,335 It's been difficult because of the pandemic. 1034 00:51:40,702 --> 00:51:42,433 I don't know what's gonna happen, 1035 00:51:43,035 --> 00:51:46,100 and, uh, I feel like I'm way off course. 1036 00:51:47,638 --> 00:51:49,141 I wanna graduate. 1037 00:51:49,877 --> 00:51:52,109 Hopefully, I get to do that someday. 1038 00:51:52,912 --> 00:51:54,844 But the way things are going right now... 1039 00:51:55,046 --> 00:51:57,419 it's not looking so good. 1040 00:52:01,085 --> 00:52:03,156 I don't know if I'll ever be able to... 1041 00:52:03,325 --> 00:52:05,955 move out from... 1042 00:52:06,992 --> 00:52:09,365 my parents' home. You know? 1043 00:52:11,630 --> 00:52:13,471 I'll just never move out. 1044 00:52:13,706 --> 00:52:14,531 Yeah. 1045 00:52:14,666 --> 00:52:16,966 Are you okay with that? 1046 00:52:18,637 --> 00:52:20,574 I just feel sad about it. 1047 00:52:21,642 --> 00:52:24,642 I feel sad that I can't even help. 1048 00:52:24,811 --> 00:52:26,815 - Yeah. - Because I need help. 1049 00:52:31,385 --> 00:52:32,685 It'll work out. 1050 00:52:42,332 --> 00:52:44,158 I know, baby, I know. 1051 00:52:45,170 --> 00:52:47,667 My poor cats are so confused. 1052 00:52:49,301 --> 00:52:51,341 Right now, I'm going to stay with a friend 1053 00:52:51,510 --> 00:52:55,473 because we had a pipe back up in my house. 1054 00:52:56,042 --> 00:52:58,744 They literally have to rip out a bunch of walls. 1055 00:53:01,015 --> 00:53:03,080 My roommate is letting me borrow the truck. 1056 00:53:04,116 --> 00:53:06,182 When you're in my financial situation, 1057 00:53:06,351 --> 00:53:09,227 you can't afford to have any emergencies at all. 1058 00:53:11,556 --> 00:53:12,722 I am fortunate 1059 00:53:12,991 --> 00:53:14,627 that I have people helping me out 1060 00:53:14,829 --> 00:53:17,092 and I have a place to stay with my cats. 1061 00:53:24,335 --> 00:53:27,245 I grew up in a very unsteady financial home. 1062 00:53:28,610 --> 00:53:31,075 And every time we ended up moving, 1063 00:53:31,678 --> 00:53:33,977 we'd lose something emotional. 1064 00:53:36,115 --> 00:53:37,978 I used to have my mom's ID, 1065 00:53:38,180 --> 00:53:39,884 which was my only picture of her. 1066 00:53:41,853 --> 00:53:43,384 And I can't find that anymore. 1067 00:53:44,354 --> 00:53:47,397 So, I... I kind of tend to associate moving with, 1068 00:53:47,566 --> 00:53:51,269 um, losing things that are important to me. 1069 00:53:57,910 --> 00:53:59,076 You know, 1070 00:53:59,612 --> 00:54:02,378 I'm kind of pushing that feeling to one side 1071 00:54:02,547 --> 00:54:05,107 and doing my best to move forward. 1072 00:54:15,285 --> 00:54:17,452 Hey, baby, want to look? 1073 00:54:17,754 --> 00:54:19,028 What do you think? 1074 00:54:19,164 --> 00:54:20,430 - Yeah? 1075 00:54:22,965 --> 00:54:24,630 CEO Bob Iger announced this week 1076 00:54:24,799 --> 00:54:26,661 he would forgo his entire salary 1077 00:54:26,896 --> 00:54:28,372 because of the crisis. 1078 00:54:30,468 --> 00:54:33,301 Early on, Bob Iger and top executives 1079 00:54:33,470 --> 00:54:35,973 made a big show of giving up their salaries. 1080 00:54:38,484 --> 00:54:40,148 But it was just a matter of months 1081 00:54:40,317 --> 00:54:41,681 before the Disney board 1082 00:54:41,916 --> 00:54:44,179 would quietly restore them fully. 1083 00:54:45,690 --> 00:54:48,491 Look at the $3 million check 1084 00:54:48,659 --> 00:54:50,191 Bob Iger gave back for his salary. 1085 00:54:50,327 --> 00:54:51,461 My first thought was 1086 00:54:51,596 --> 00:54:53,497 "But what about his stock options? 1087 00:54:53,666 --> 00:54:55,662 What about his... all those other things?" 1088 00:54:55,831 --> 00:54:57,127 We all know that that's not where 1089 00:54:57,262 --> 00:54:59,436 the majority of his money comes from. 1090 00:55:01,498 --> 00:55:04,199 They were never at risk of losing their homes. 1091 00:55:06,645 --> 00:55:08,174 Dow Jones Industrial Average 1092 00:55:08,476 --> 00:55:11,307 soared 358 points. 1093 00:55:11,476 --> 00:55:13,345 It was the best August for the Dow 1094 00:55:13,480 --> 00:55:15,210 since 1984. 1095 00:55:18,824 --> 00:55:21,150 In fact, as workers were struggling, 1096 00:55:21,319 --> 00:55:24,428 the 1% was better off than it had ever been. 1097 00:55:25,989 --> 00:55:28,097 In 2020, as the pandemic raged, 1098 00:55:28,699 --> 00:55:31,897 sales of super-yachts were up 46 percent. 1099 00:55:35,835 --> 00:55:38,200 When did this become normal? 1100 00:55:41,672 --> 00:55:44,415 What happened to the way my grandfather did business? 1101 00:55:46,179 --> 00:55:49,178 He died in 1971, and within a decade, 1102 00:55:49,547 --> 00:55:52,513 the country's personality had completely changed. 1103 00:55:59,126 --> 00:56:01,365 It didn't just change magically, 1104 00:56:01,534 --> 00:56:03,864 it changed because powerful people 1105 00:56:04,066 --> 00:56:06,729 changed those norms and changed those values 1106 00:56:06,898 --> 00:56:08,364 and put aside the values 1107 00:56:08,566 --> 00:56:11,739 that had operated for decades and decades in this country. 1108 00:56:12,842 --> 00:56:14,344 I use the word "confederacy" a lot, 1109 00:56:14,513 --> 00:56:17,443 but all of these people corporate CEOs, 1110 00:56:17,645 --> 00:56:21,282 uh, intellectual zealots, uh... 1111 00:56:21,451 --> 00:56:23,311 just plain rich people... 1112 00:56:24,615 --> 00:56:27,051 they worked together during the '70s and '80s 1113 00:56:27,286 --> 00:56:29,927 to change this system and this culture 1114 00:56:30,196 --> 00:56:32,091 into one that really is 1115 00:56:32,260 --> 00:56:34,965 about serving the rich guys and the business guys. 1116 00:56:36,961 --> 00:56:38,294 In 1971, 1117 00:56:38,430 --> 00:56:40,629 business leaders at the Chamber of Commerce 1118 00:56:40,965 --> 00:56:42,573 asked Virginia tobacco lawyer 1119 00:56:42,775 --> 00:56:44,800 and future Supreme Court Justice Lewis Powell 1120 00:56:44,935 --> 00:56:46,170 to come up with a plan 1121 00:56:46,372 --> 00:56:48,811 put business firmly in the driver's seat. 1122 00:56:51,342 --> 00:56:53,983 They began this campaign 1123 00:56:54,219 --> 00:56:56,278 to change minds. 1124 00:56:56,413 --> 00:56:57,647 Government is not only not the answer, 1125 00:56:57,849 --> 00:56:59,217 government is bad. 1126 00:56:59,352 --> 00:57:01,581 Government is incompetent, government's corrupt. 1127 00:57:02,184 --> 00:57:03,456 Government can't do anything. 1128 00:57:03,591 --> 00:57:04,693 Get out of the way 1129 00:57:04,962 --> 00:57:06,755 and let business and Wall Street do everything. 1130 00:57:08,161 --> 00:57:09,759 - All that mattered is profit. 1131 00:57:10,428 --> 00:57:13,603 They created a road map for 1132 00:57:13,772 --> 00:57:16,172 an ideological takeover of American life, 1133 00:57:16,875 --> 00:57:19,076 from how business should organize and lobby 1134 00:57:19,278 --> 00:57:21,635 and contribute to politicians, 1135 00:57:21,770 --> 00:57:24,306 to how they need to go into the universities 1136 00:57:24,575 --> 00:57:27,284 to make sure that young people were understanding 1137 00:57:27,419 --> 00:57:29,344 the dangers of labor unions 1138 00:57:29,613 --> 00:57:31,288 - and government regulation. 1139 00:57:31,857 --> 00:57:33,718 "We gotta set up these think tanks, 1140 00:57:33,920 --> 00:57:35,618 we gotta create some media." 1141 00:57:36,120 --> 00:57:38,054 And this super-free market, 1142 00:57:38,256 --> 00:57:40,188 "Profits for all that matter" idea 1143 00:57:40,457 --> 00:57:43,028 was sold to the American people. 1144 00:57:44,297 --> 00:57:45,828 In any event, I'm not in favor of fairness, 1145 00:57:46,030 --> 00:57:47,329 I'm in favor of freedom! 1146 00:57:48,131 --> 00:57:50,806 And freedom is not fairness. 1147 00:57:53,306 --> 00:57:56,474 Milton Friedman was a celebrity economist 1148 00:57:56,810 --> 00:57:58,305 arguing corporations 1149 00:57:58,507 --> 00:58:00,682 have no responsibility whatsoever 1150 00:58:00,851 --> 00:58:03,719 beyond profits, full stop, end of story. 1151 00:58:06,322 --> 00:58:09,654 Milton Friedman said a corporation is a machine 1152 00:58:09,823 --> 00:58:11,351 for making money for investors 1153 00:58:11,520 --> 00:58:13,121 and maximizing shareholder value 1154 00:58:13,290 --> 00:58:15,396 would make everyone rich and free. 1155 00:58:15,965 --> 00:58:18,525 You don't have to worry about anything else. 1156 00:58:18,861 --> 00:58:20,901 All you have to do is put your head down and make money. 1157 00:58:22,135 --> 00:58:24,365 Did you ever have a moment of doubt 1158 00:58:24,567 --> 00:58:26,505 on whether greed's a good idea to run on? 1159 00:58:26,841 --> 00:58:28,103 Well, first of all, 1160 00:58:28,339 --> 00:58:30,037 is there some society you know 1161 00:58:30,239 --> 00:58:31,747 that doesn't run on greed? 1162 00:58:32,712 --> 00:58:33,910 The world runs... 1163 00:58:34,479 --> 00:58:37,247 on individuals pursuing their separate interests. 1164 00:58:38,691 --> 00:58:40,088 Milton Friedman thought, 1165 00:58:40,224 --> 00:58:43,221 "Greed is good, and that's what makes America great." 1166 00:58:43,824 --> 00:58:46,122 Of course, that idea 1167 00:58:46,391 --> 00:58:48,131 is a mischaracterization of our economic system 1168 00:58:48,333 --> 00:58:49,600 for more than a century. 1169 00:58:52,228 --> 00:58:54,198 They just re-wrote the story. 1170 00:58:55,870 --> 00:58:56,932 And suddenly, 1171 00:58:57,201 --> 00:58:59,672 that story was everywhere, 1172 00:58:59,841 --> 00:59:02,006 even on morning television. 1173 00:59:02,508 --> 00:59:06,013 What made it so easy for Americans to imagine 1174 00:59:06,216 --> 00:59:08,212 that the free market would serve their interest 1175 00:59:08,414 --> 00:59:10,514 any better than the government have? 1176 00:59:11,016 --> 00:59:12,114 On the one hand, 1177 00:59:12,350 --> 00:59:14,183 up front is the free market story, 1178 00:59:14,352 --> 00:59:16,951 and on the side is the dog whistle. 1179 00:59:19,656 --> 00:59:22,122 In Chicago, they found a woman 1180 00:59:22,324 --> 00:59:23,363 who holds the record. 1181 00:59:23,732 --> 00:59:25,933 She used 80 names, 30 addresses 1182 00:59:26,069 --> 00:59:28,972 to collect food stamps, social security, 1183 00:59:29,375 --> 00:59:30,931 as well as welfare. 1184 00:59:31,233 --> 00:59:32,407 I've always felt 1185 00:59:33,276 --> 00:59:37,075 the nine most terrifying words in the English language are, 1186 00:59:37,277 --> 00:59:39,578 "I'm from the government and I'm here to help." 1187 00:59:42,880 --> 00:59:46,284 Reagan was able to win large majorities 1188 00:59:46,419 --> 00:59:48,758 of working and middle-class white people 1189 00:59:48,960 --> 00:59:52,256 by campaigning against the government itself. 1190 00:59:53,399 --> 00:59:55,255 The emotional logic was 1191 00:59:55,391 --> 00:59:56,931 "Government is on the side 1192 00:59:57,166 --> 00:59:59,225 of these lazy Black people who don't want to work." 1193 00:59:59,394 --> 01:00:00,896 "You are better than that." 1194 01:00:01,065 --> 01:00:02,139 "You are one of us." 1195 01:00:02,308 --> 01:00:03,971 "You, too, can be rich." 1196 01:00:06,471 --> 01:00:09,773 And he marketed it extremely well. 1197 01:00:16,113 --> 01:00:17,148 My friends, 1198 01:00:17,617 --> 01:00:20,449 thank you again for the gift of this magnificent parade. 1199 01:00:21,216 --> 01:00:22,358 Tomorrow evening, 1200 01:00:22,560 --> 01:00:24,091 I will address the nation 1201 01:00:24,226 --> 01:00:27,420 about a dramatic proposal to reform our tax system 1202 01:00:27,623 --> 01:00:30,725 to launch a new American revolution 1203 01:00:31,261 --> 01:00:33,035 and expand our economic freedom. 1204 01:00:38,342 --> 01:00:40,874 It became known as "trickle-down economics." 1205 01:00:41,443 --> 01:00:44,374 If the rich get richer, then it'll help everybody. 1206 01:00:46,511 --> 01:00:48,011 Of course, the result was 1207 01:00:48,147 --> 01:00:50,084 a set of policy changes... 1208 01:00:50,653 --> 01:00:52,489 slashing tax rates 1209 01:00:52,858 --> 01:00:54,849 on millionaires and corporations, 1210 01:00:55,285 --> 01:00:56,716 gutting social spending 1211 01:00:56,885 --> 01:00:59,486 that really helped working-class families, 1212 01:00:59,822 --> 01:01:02,557 and then, of course, attacking unions. 1213 01:01:03,459 --> 01:01:06,065 It really signaled the end of 1214 01:01:06,267 --> 01:01:09,663 the reign of organized labor in the country 1215 01:01:09,965 --> 01:01:12,701 as a way for millions of workers to demand 1216 01:01:12,970 --> 01:01:15,977 an equal slice of the pie they spent all day baking. 1217 01:01:19,545 --> 01:01:20,712 The changes that came 1218 01:01:20,981 --> 01:01:22,719 with this free market ideology 1219 01:01:22,854 --> 01:01:24,883 were reflected inside of Disney, 1220 01:01:25,386 --> 01:01:28,219 after my father helped bring in a new CEO 1221 01:01:28,621 --> 01:01:31,685 and corporate priorities drastically changed. 1222 01:01:33,361 --> 01:01:35,195 Management wants the workers 1223 01:01:35,397 --> 01:01:37,191 to give up some of what they already have, 1224 01:01:37,360 --> 01:01:38,897 asking a three-year wage freeze 1225 01:01:39,033 --> 01:01:40,633 and some cuts in benefits. 1226 01:01:40,869 --> 01:01:41,903 Workers say 1227 01:01:42,172 --> 01:01:44,432 they cannot accept a two-year wage freeze, 1228 01:01:44,668 --> 01:01:46,073 and they say they cannot understand 1229 01:01:46,242 --> 01:01:48,875 the company's attitude towards its employees. 1230 01:01:49,444 --> 01:01:51,409 The morale has been really down, and I honestly can say 1231 01:01:51,544 --> 01:01:53,311 I don't think it'll ever be the same out there. 1232 01:01:55,121 --> 01:01:57,379 Disneyland will open this morning as usual, 1233 01:01:57,682 --> 01:01:59,889 with or without its union employees. 1234 01:02:01,055 --> 01:02:02,255 They discovered 1235 01:02:02,390 --> 01:02:03,784 they didn't have to spend so much money 1236 01:02:03,987 --> 01:02:06,720 on people that they no longer appreciated anyway. 1237 01:02:08,857 --> 01:02:11,100 I was appalled at what they were telling me, 1238 01:02:11,536 --> 01:02:12,593 and I just thought, 1239 01:02:12,729 --> 01:02:14,035 "Well, this isn't the company I knew." 1240 01:02:16,600 --> 01:02:18,103 It was part and parcel 1241 01:02:18,405 --> 01:02:21,135 of this treating workers and employees 1242 01:02:21,370 --> 01:02:22,642 more and more like... 1243 01:02:23,212 --> 01:02:25,948 cogs, like something less than people. 1244 01:02:28,883 --> 01:02:30,144 Around this same time, 1245 01:02:30,279 --> 01:02:31,714 the average CEO 1246 01:02:31,883 --> 01:02:34,754 went from being paid 60 times the average worker 1247 01:02:34,890 --> 01:02:36,526 to 100, to 200, to 300, 1248 01:02:36,728 --> 01:02:38,419 to 600 times, in some cases. 1249 01:02:44,637 --> 01:02:46,362 And that's just because... 1250 01:02:46,664 --> 01:02:50,369 it was decided that they could get away with it. 1251 01:02:56,171 --> 01:02:59,014 The "they" in this case was Wall Street, 1252 01:02:59,183 --> 01:03:01,676 where a lot of things were suddenly possible 1253 01:03:01,845 --> 01:03:04,178 on what would become the proving ground 1254 01:03:04,414 --> 01:03:06,153 for the free market ideology. 1255 01:03:07,385 --> 01:03:08,581 You know, I think of it 1256 01:03:08,784 --> 01:03:10,952 as the asshole-ification of America. 1257 01:03:11,287 --> 01:03:12,494 Totally! 1258 01:03:12,663 --> 01:03:15,261 A word I... yes, indeed. 1259 01:03:15,463 --> 01:03:17,532 It is the asshole-ification of America. 1260 01:03:29,006 --> 01:03:30,403 This... 1261 01:03:30,839 --> 01:03:32,809 This is a great view from up here. 1262 01:03:39,182 --> 01:03:41,752 You bet it was a great view from up there. 1263 01:03:42,188 --> 01:03:43,827 And for the next four decades, 1264 01:03:44,029 --> 01:03:45,923 Wall Street and corporate America 1265 01:03:46,225 --> 01:03:48,262 would spend billions lobbying 1266 01:03:48,397 --> 01:03:50,863 to dismantle almost every law and regulation 1267 01:03:50,998 --> 01:03:52,568 keeping them in check, 1268 01:03:52,837 --> 01:03:54,498 stacking the deck further 1269 01:03:54,633 --> 01:03:56,505 and further against Main Street. 1270 01:03:56,874 --> 01:03:58,403 Rather than trickle down, 1271 01:03:58,705 --> 01:04:02,077 money has flowed relentlessly up to people like me. 1272 01:04:03,344 --> 01:04:05,849 Well, you know, trickling down always, 1273 01:04:05,985 --> 01:04:07,511 to me, sounded like urine, right? 1274 01:04:07,680 --> 01:04:09,880 I mean, that's what trickles, right? 1275 01:04:10,315 --> 01:04:12,487 Yeah, exactly, exactly. 1276 01:04:12,655 --> 01:04:13,881 Do you know 1277 01:04:14,016 --> 01:04:15,686 that there was a version of trickle-down economics 1278 01:04:15,988 --> 01:04:17,419 in the 1890s 1279 01:04:18,055 --> 01:04:21,531 that was described as the "Horse and Sparrow Theory"? 1280 01:04:21,700 --> 01:04:23,728 If the horse eats enough oats, 1281 01:04:24,664 --> 01:04:26,435 they make their way through the horse, 1282 01:04:26,871 --> 01:04:28,831 and the sparrow gets 'em. 1283 01:04:29,000 --> 01:04:30,501 Ooh! 1284 01:04:31,738 --> 01:04:33,675 And yet, that trickle-down story 1285 01:04:33,844 --> 01:04:35,712 just will not die... 1286 01:04:36,382 --> 01:04:38,773 - no matter how much it stinks. 1287 01:05:01,063 --> 01:05:02,765 Big announcement from Disney, 1288 01:05:02,933 --> 01:05:05,470 and not a good one for Disney employees. 1289 01:05:06,811 --> 01:05:08,271 Today, Disney announced 1290 01:05:08,440 --> 01:05:10,307 that it will be laying off 1291 01:05:10,676 --> 01:05:13,214 about 28,000 domestic employees. 1292 01:05:22,355 --> 01:05:23,884 "Dear cast member... 1293 01:05:24,862 --> 01:05:26,722 The COVID-19 pandemic 1294 01:05:27,091 --> 01:05:30,099 has had a significant impact on our businesses." 1295 01:05:31,567 --> 01:05:34,165 "We have made the very difficult decision 1296 01:05:34,301 --> 01:05:36,303 to reduce our workforce." 1297 01:05:44,809 --> 01:05:46,382 It makes me scared. 1298 01:05:47,978 --> 01:05:51,021 Knowing that that many people lost their jobs now... 1299 01:05:52,918 --> 01:05:55,218 and I might end up losing mine somewhere down the line, 1300 01:05:55,420 --> 01:05:57,027 and I don't wanna lose it. 1301 01:06:01,691 --> 01:06:03,193 It's the ice cream guy. 1302 01:06:03,362 --> 01:06:04,696 Glad the kids aren't here. 1303 01:06:06,797 --> 01:06:08,398 See? I know how to make you smile. 1304 01:06:08,601 --> 01:06:10,568 - Took me a second. 1305 01:06:14,069 --> 01:06:15,844 You know, been through rough times before, 1306 01:06:15,979 --> 01:06:17,773 this is just a different format. 1307 01:06:18,743 --> 01:06:19,876 Don't worry about it, I got this. 1308 01:06:21,581 --> 01:06:23,051 - I got this! - We just laugh... 1309 01:06:23,253 --> 01:06:24,550 When I say the words "I got this," 1310 01:06:24,752 --> 01:06:27,121 it means "I ain't got a f... clue what I'm gonna do, 1311 01:06:27,290 --> 01:06:29,450 but I gotta think of something fast, 1312 01:06:29,619 --> 01:06:30,984 'cause this shit is sinking. 1313 01:06:31,152 --> 01:06:33,325 It's like the Titanic and another... like, 1314 01:06:33,494 --> 01:06:34,822 the icebergs are ganging up and they're, 1315 01:06:34,991 --> 01:06:36,990 like, attacking the boat now. 1316 01:06:46,171 --> 01:06:49,003 The color of the day is green on Wall Street. 1317 01:06:49,205 --> 01:06:51,912 All three major indices closed at record high levels. 1318 01:06:52,081 --> 01:06:53,548 As stocks continue... 1319 01:06:53,717 --> 01:06:56,284 No matter how bad things got for workers, 1320 01:06:56,486 --> 01:06:58,512 Wall Street continued to ride high. 1321 01:06:59,249 --> 01:07:01,616 Disney could not have written a better comeback story. 1322 01:07:01,819 --> 01:07:03,387 The stock back at all-time highs. 1323 01:07:03,690 --> 01:07:06,753 Disney+ up big over the Christmas holiday. 1324 01:07:06,921 --> 01:07:08,098 Fans rejoiced over 1325 01:07:08,267 --> 01:07:10,296 upcoming Star Wars and Marvel movies, 1326 01:07:10,565 --> 01:07:12,861 and stockholders celebrated too. 1327 01:07:14,631 --> 01:07:15,765 Well, most of them. 1328 01:07:15,967 --> 01:07:18,108 Abigail Disney had a different reaction. 1329 01:07:18,310 --> 01:07:21,101 Her take was that share prices were divorced 1330 01:07:21,304 --> 01:07:23,437 from what was happening to the company's workers, 1331 01:07:23,640 --> 01:07:24,774 and she called that 1332 01:07:25,110 --> 01:07:27,508 "a complete moral breakdown of this entire system." 1333 01:07:28,477 --> 01:07:32,188 I don't believe the company and the magic 1334 01:07:32,390 --> 01:07:35,125 can survive this kind of corporate behavior. 1335 01:07:35,327 --> 01:07:36,887 I think you see this more broadly, 1336 01:07:37,056 --> 01:07:39,726 not as a Disney problem and emblematic of the problem 1337 01:07:39,895 --> 01:07:42,224 in boardrooms and corporate cultures across this country. 1338 01:07:42,392 --> 01:07:44,399 I'm saying... it's time to do it differently, 1339 01:07:44,568 --> 01:07:46,732 and I don't care what the business school says. 1340 01:07:46,901 --> 01:07:49,837 There's a certain level below which you cannot go 1341 01:07:50,073 --> 01:07:51,603 in the name of human decency. 1342 01:08:17,301 --> 01:08:18,761 You guys are ready to move up. 1343 01:08:18,930 --> 01:08:20,562 Merry Christmas and stay safe, all right? 1344 01:08:20,864 --> 01:08:22,430 Merry Christmas, thank you! 1345 01:08:22,966 --> 01:08:24,933 Have a merry Christmas, now. 1346 01:08:28,307 --> 01:08:29,806 They just told me 1347 01:08:29,975 --> 01:08:32,582 that there are over 300 people in this line, 1348 01:08:32,784 --> 01:08:34,349 and I believe it. 1349 01:08:36,287 --> 01:08:38,282 The line pretty much wraps around 1350 01:08:38,484 --> 01:08:40,080 this entire neighborhood. 1351 01:08:41,289 --> 01:08:42,984 All of us need this help. 1352 01:08:49,462 --> 01:08:50,899 All right. 1353 01:08:51,135 --> 01:08:52,526 All right, here you go. 1354 01:08:52,662 --> 01:08:54,127 This time, we got wipes. 1355 01:08:56,506 --> 01:08:58,472 I hear you've been real good boys. 1356 01:08:58,640 --> 01:09:00,507 - Really?! - That's what I heard. 1357 01:09:01,643 --> 01:09:03,340 You're on the Nice List, aren't you? 1358 01:09:03,509 --> 01:09:04,745 You're on the Nice List? 1359 01:09:04,947 --> 01:09:06,549 Yeah? 1360 01:09:07,285 --> 01:09:09,377 Remember the PS5 and the Switch! 1361 01:09:12,119 --> 01:09:13,720 Ho ho ho! 1362 01:09:22,591 --> 01:09:25,399 I just read an article about Bob Iger. 1363 01:09:25,601 --> 01:09:27,363 He literally became a billionaire 1364 01:09:27,666 --> 01:09:29,229 right before the holidays. 1365 01:09:30,365 --> 01:09:32,871 So, he got a wonderful Christmas present, 1366 01:09:33,007 --> 01:09:35,575 while everybody else was being handed pink slips. 1367 01:09:36,773 --> 01:09:38,171 That doesn't make sense. 1368 01:09:48,320 --> 01:09:53,293 When we have a pandemic, as we've had, 1369 01:09:53,762 --> 01:09:57,432 where almost 60 new billionaires were minted, 1370 01:09:57,601 --> 01:09:59,698 where the billionaire class increased their wealth 1371 01:10:00,000 --> 01:10:02,834 by almost 50 percent, while tens of millions of people 1372 01:10:03,270 --> 01:10:04,804 went without, 1373 01:10:05,273 --> 01:10:07,869 this inequality economy 1374 01:10:08,071 --> 01:10:10,204 is one that honestly looks a lot more 1375 01:10:10,339 --> 01:10:13,211 like the Gilded Age and the plantation economy 1376 01:10:13,413 --> 01:10:15,646 than the one that we 1377 01:10:15,781 --> 01:10:17,621 associate with the American Dream. 1378 01:10:41,537 --> 01:10:43,303 Well, the happiest place on Earth 1379 01:10:43,505 --> 01:10:46,113 is giving people a big reason to smile today. 1380 01:10:46,249 --> 01:10:48,143 Disneyland is back open 1381 01:10:48,378 --> 01:10:50,654 after being shut down for more than a year! 1382 01:10:51,690 --> 01:10:53,315 For the city of Anaheim this morning, 1383 01:10:53,451 --> 01:10:56,491 reopening, it's a big step toward economic recovery. 1384 01:10:56,660 --> 01:10:58,856 For the fans, it's just a day of excitement. 1385 01:11:00,388 --> 01:11:02,330 As the park reopened, 1386 01:11:02,632 --> 01:11:05,197 Ellie, Artemis, Ralph, and Trina 1387 01:11:05,433 --> 01:11:07,101 were all called back to work. 1388 01:11:07,804 --> 01:11:11,402 Shoulder to shoulder against corporate greed! 1389 01:11:11,971 --> 01:11:13,107 But many cast members 1390 01:11:13,242 --> 01:11:14,806 were not brought back. 1391 01:11:16,605 --> 01:11:19,082 A bunch of my crew is still laid off. 1392 01:11:19,751 --> 01:11:22,947 There are still so many messed up things happening. 1393 01:11:23,116 --> 01:11:26,621 Shoulder to shoulder against corporate greed! 1394 01:11:26,789 --> 01:11:28,821 Shoulder to shoulder, more respect and dignity. 1395 01:11:28,956 --> 01:11:30,651 How much are those little ears, 1396 01:11:30,820 --> 01:11:32,256 the Mickey Mouse ears?! 1397 01:11:32,425 --> 01:11:33,328 Thirty! 1398 01:11:33,497 --> 01:11:34,825 Thirty dollars! 1399 01:11:34,961 --> 01:11:36,699 And how much are Disney workers making? 1400 01:11:36,901 --> 01:11:37,826 Fifteen. 1401 01:11:37,995 --> 01:11:39,463 Fifteen bucks! 1402 01:11:39,599 --> 01:11:40,863 How about somebody with... 1403 01:11:41,066 --> 01:11:42,829 Our workload has increased, 1404 01:11:42,965 --> 01:11:44,869 our wages are the same. 1405 01:11:47,508 --> 01:11:49,442 It's just a never-ending fight. 1406 01:11:52,740 --> 01:11:54,846 I don't have love for the company anymore. 1407 01:11:56,313 --> 01:11:58,919 Hey, everyone, I'm a Disney cast member, 1408 01:11:59,121 --> 01:12:00,317 I'm a custodian! 1409 01:12:00,485 --> 01:12:01,918 I really wanted 1410 01:12:02,120 --> 01:12:03,820 to quote Walt Disney for you guys right now! 1411 01:12:03,989 --> 01:12:05,525 "You can design and create and build 1412 01:12:05,694 --> 01:12:07,695 the most wonderful place in the world, 1413 01:12:07,897 --> 01:12:10,997 but it takes people to make the dream a reality!" 1414 01:12:12,668 --> 01:12:14,503 Thank you! Well said, Ellie! 1415 01:12:15,838 --> 01:12:18,199 Okay, gracias, thank you for coming out. 1416 01:12:26,713 --> 01:12:28,517 After my time with the union, 1417 01:12:28,819 --> 01:12:31,850 I've come to really appreciate the work that they do. 1418 01:12:33,691 --> 01:12:35,519 I hear you're going back to college! 1419 01:12:35,788 --> 01:12:37,519 So, what are you gonna study? 1420 01:12:37,655 --> 01:12:38,584 Labor studies. 1421 01:12:38,853 --> 01:12:39,924 I... 1422 01:12:41,523 --> 01:12:43,357 That makes me really happy to hear you say that. 1423 01:12:43,526 --> 01:12:45,993 I mean, it makes me really happy to imagine you... 1424 01:12:46,329 --> 01:12:48,401 doing that... I can't tell you. 1425 01:12:48,870 --> 01:12:52,040 I have this new passion growing within me now 1426 01:12:52,343 --> 01:12:55,668 with working alongside unions 1427 01:12:56,003 --> 01:12:57,410 and building power 1428 01:12:57,579 --> 01:12:59,779 for working-class people like me. 1429 01:13:04,781 --> 01:13:08,247 Meanwhile, after months of searching and saving, 1430 01:13:08,516 --> 01:13:10,059 Artemis was able to find a place 1431 01:13:10,228 --> 01:13:11,989 within her price range. 1432 01:13:15,557 --> 01:13:17,596 Before, I was only living like a ten, 1433 01:13:17,765 --> 01:13:19,633 15-minute drive from work, but now 1434 01:13:19,935 --> 01:13:22,230 it takes about two hours. Or if I ride the bus... 1435 01:13:22,940 --> 01:13:24,133 Yeah. 1436 01:13:25,269 --> 01:13:26,607 It feels good in here. It's light. 1437 01:13:26,776 --> 01:13:28,273 - Yeah. - You have light. 1438 01:13:28,442 --> 01:13:29,444 Yes. 1439 01:13:29,613 --> 01:13:31,138 And you have Keanu, which... 1440 01:13:31,440 --> 01:13:33,541 He's very beautiful, he keeps me company. 1441 01:13:36,918 --> 01:13:39,080 So, when did you start back at Disney, 1442 01:13:39,249 --> 01:13:40,919 and how are you feeling about that now? 1443 01:13:41,787 --> 01:13:43,491 When I first got back, like, 1444 01:13:43,727 --> 01:13:45,790 it was really nice to just be working, 1445 01:13:46,059 --> 01:13:48,761 but I've been getting more and more frustrated 1446 01:13:48,930 --> 01:13:50,630 the last couple of months just thinking 1447 01:13:50,866 --> 01:13:53,565 about this job that was supposed to pay my bills 1448 01:13:53,734 --> 01:13:54,800 while I focused on the things 1449 01:13:54,969 --> 01:13:56,734 that are supposed to be what life is about, 1450 01:13:56,903 --> 01:13:58,736 about the things that make me joy. 1451 01:13:59,172 --> 01:14:01,807 You know, I haven't focused on any of those things 1452 01:14:01,976 --> 01:14:03,773 because I've been so focused on the fact 1453 01:14:04,076 --> 01:14:06,873 that I couldn't survive on this job. 1454 01:14:07,075 --> 01:14:08,441 You got a second job? 1455 01:14:08,610 --> 01:14:11,219 Yes, yes, I got a job at a school district 1456 01:14:11,421 --> 01:14:13,116 working as a sub-custodian. 1457 01:14:13,285 --> 01:14:15,215 It's kind of a foot in the door to potentially 1458 01:14:15,418 --> 01:14:16,955 become full-time at a school district. 1459 01:14:17,124 --> 01:14:19,555 So, you're laying the groundwork to leave. 1460 01:14:19,757 --> 01:14:21,559 Potentially, yeah. 1461 01:14:21,762 --> 01:14:23,565 So, is that something 1462 01:14:23,801 --> 01:14:25,966 that you've been thinking about for a long time? 1463 01:14:28,603 --> 01:14:29,902 It's something I probably 1464 01:14:30,038 --> 01:14:31,805 should have been thinking about for a long time. 1465 01:14:33,812 --> 01:14:36,612 I had a five-year plan when I went into Disney, 1466 01:14:36,948 --> 01:14:39,516 to be done with college and onto the next thing. 1467 01:14:40,781 --> 01:14:42,878 And that didn't work out. 1468 01:14:43,014 --> 01:14:44,785 It's nine years later now. 1469 01:14:47,325 --> 01:14:49,119 And it's just been frustrating 1470 01:14:49,287 --> 01:14:51,855 because I was brought up with the idea 1471 01:14:52,191 --> 01:14:54,630 that I'm healthy, I'm intelligent, 1472 01:14:54,832 --> 01:14:57,499 if I put in the work, I'm gonna be okay 1473 01:14:57,802 --> 01:14:59,630 and I'm gonna be able to make money 1474 01:14:59,832 --> 01:15:00,867 and take care of myself. 1475 01:15:02,230 --> 01:15:04,266 But... I don't think 1476 01:15:04,468 --> 01:15:06,842 that it's as true as a lot of people say. 1477 01:15:22,422 --> 01:15:26,225 Far and wide, the reputation of Disneyland... 1478 01:15:27,161 --> 01:15:32,129 stands out primarily for the courtesy... 1479 01:15:32,964 --> 01:15:34,569 and the cleanliness 1480 01:15:34,838 --> 01:15:36,166 and the friendliness of the place. 1481 01:15:39,475 --> 01:15:40,900 I've always said, 1482 01:15:41,169 --> 01:15:42,777 in my end of the work, 1483 01:15:42,979 --> 01:15:45,340 that it takes people to run a business. 1484 01:15:47,308 --> 01:15:49,211 You people have been the heart 1485 01:15:49,480 --> 01:15:51,885 and the running soul of this business. 1486 01:15:53,821 --> 01:15:56,593 And we appreciate it no end. 1487 01:16:01,829 --> 01:16:03,766 And we say congratulations 1488 01:16:04,035 --> 01:16:06,732 to you for doing the grand job that you have done. 1489 01:16:06,901 --> 01:16:08,770 - Thank you. 1490 01:16:16,575 --> 01:16:19,473 Humans are meaning-making creatures. 1491 01:16:20,076 --> 01:16:21,780 The idea of the economy 1492 01:16:22,149 --> 01:16:24,280 was to give us the resources we needed 1493 01:16:24,415 --> 01:16:25,915 so that then, we could tell the stories 1494 01:16:26,050 --> 01:16:27,181 and build the relationships 1495 01:16:27,384 --> 01:16:29,583 and have the meaning that we needed. 1496 01:16:29,752 --> 01:16:33,624 We've let the search for daily bread and for things 1497 01:16:33,793 --> 01:16:36,061 completely overwhelm... 1498 01:16:37,428 --> 01:16:40,934 what our ancestors called our "souls." 1499 01:17:07,824 --> 01:17:09,564 It's really good to see you guys. 1500 01:17:09,767 --> 01:17:11,626 It's been a hella-long time, huh? 1501 01:17:11,795 --> 01:17:12,965 Yeah. 1502 01:17:13,134 --> 01:17:15,230 I mean, it's been a year and something, 1503 01:17:15,433 --> 01:17:17,371 but it feels so much longer than that. 1504 01:17:17,640 --> 01:17:19,641 It feels like five to ten years. 1505 01:17:19,810 --> 01:17:21,310 Well, you look like Father Time now, 1506 01:17:21,479 --> 01:17:22,843 so that works. 1507 01:17:23,012 --> 01:17:24,840 I feel more comfortable this way. 1508 01:17:25,476 --> 01:17:28,742 So, Ralph, rumor has it you're not going back. 1509 01:17:29,011 --> 01:17:29,917 No. 1510 01:17:31,319 --> 01:17:33,914 Tomorrow is his official last day at the company. 1511 01:17:34,116 --> 01:17:35,189 Wow. 1512 01:17:35,825 --> 01:17:37,652 It's not an easy decision. 1513 01:17:37,954 --> 01:17:39,586 I mean, it's... 1514 01:17:41,297 --> 01:17:44,530 it's more like moving onto a different and new chapter 1515 01:17:44,699 --> 01:17:46,327 that'll be hopefully 1516 01:17:46,496 --> 01:17:49,005 more beneficial for our family overall, 1517 01:17:49,507 --> 01:17:51,367 and leaving a chapter behind 1518 01:17:51,536 --> 01:17:53,404 behind that really I'd like to forget I read. 1519 01:17:55,077 --> 01:17:57,008 I mean, there were some highlights but... 1520 01:17:57,177 --> 01:17:59,214 Tell me why you're leaving. 1521 01:17:59,383 --> 01:18:00,547 Um... 1522 01:18:01,050 --> 01:18:03,743 Right now, it's... I'm getting at that age, 1523 01:18:03,911 --> 01:18:06,222 it's wearing on me, it's a lot of physical work 1524 01:18:06,390 --> 01:18:07,689 that we were doing 1525 01:18:07,858 --> 01:18:09,721 for not a lot of financial reward, 1526 01:18:09,890 --> 01:18:11,552 and that's taken its toll. 1527 01:18:13,564 --> 01:18:15,396 So, what's next? 1528 01:18:15,565 --> 01:18:16,832 What are your options? 1529 01:18:19,395 --> 01:18:21,529 See, uh, where life takes us. 1530 01:18:24,839 --> 01:18:26,031 Happy birthday, Dad! 1531 01:18:28,309 --> 01:18:30,205 - Happy birthday, baby. - Thank you, Daddy. 1532 01:18:30,541 --> 01:18:32,042 'Cause I know you get everything good 1533 01:18:32,211 --> 01:18:34,541 when this happens, you get cake... 1534 01:18:34,710 --> 01:18:36,711 - Yes. - Yes. 1535 01:18:37,714 --> 01:18:39,379 Oh, those can't be for me, that's much too old. 1536 01:18:39,548 --> 01:18:41,447 - Happy birthday. 1537 01:18:41,682 --> 01:18:43,386 - Yes. - Surprise. 1538 01:18:45,320 --> 01:18:46,288 All right, here we go, 1539 01:18:46,491 --> 01:18:48,123 we're all gonna try to block the wind. 1540 01:18:55,998 --> 01:18:57,802 If you could tell Disney anything, 1541 01:18:58,005 --> 01:18:59,567 what would you tell them? 1542 01:19:01,912 --> 01:19:04,040 We'd like to be able to have a home. 1543 01:19:11,722 --> 01:19:12,986 Got a little help there, huh? 1544 01:19:13,121 --> 01:19:14,687 - Who wants one first? - I want cake! 1545 01:19:14,889 --> 01:19:16,421 - Me! - Me! 1546 01:19:16,557 --> 01:19:17,525 Me! 1547 01:19:17,661 --> 01:19:19,018 Is that good cake? 1548 01:19:19,153 --> 01:19:20,324 Yeah? 1549 01:19:29,563 --> 01:19:31,166 Come back here! 1550 01:19:31,568 --> 01:19:35,042 One, two, go, Daddy, get 'em! 1551 01:19:35,742 --> 01:19:37,036 Ahh! 1552 01:19:39,240 --> 01:19:40,344 Whoo! 1553 01:19:43,918 --> 01:19:46,213 Woo, that was tough, Mom! 1554 01:19:46,415 --> 01:19:47,824 Let's go. 1555 01:20:07,272 --> 01:20:09,071 "Dear Bobs... 1556 01:20:09,273 --> 01:20:11,069 "Yeah, this is for both of you. 1557 01:20:11,338 --> 01:20:12,573 Bob Iger 1558 01:20:12,775 --> 01:20:15,408 and Disney's new CEO, Bob Chapek." 1559 01:20:16,010 --> 01:20:18,211 "You didn't seem to understand my email, 1560 01:20:18,480 --> 01:20:20,120 so I made this film." 1561 01:20:21,350 --> 01:20:22,651 "This is for you 1562 01:20:22,787 --> 01:20:25,157 and for all the Toms, Dicks, Harrys, and Marys 1563 01:20:25,426 --> 01:20:27,661 running Wall Street and corporate America, 1564 01:20:28,330 --> 01:20:31,194 because this isn't just a Disney story, 1565 01:20:31,796 --> 01:20:35,229 it's the story of nearly half of American full-time workers 1566 01:20:35,465 --> 01:20:37,469 who can't make ends meet." 1567 01:20:38,639 --> 01:20:41,707 "These problems are the result of a complicated system 1568 01:20:41,976 --> 01:20:44,078 that constrains us all." 1569 01:20:45,343 --> 01:20:47,315 "It may not be our fault, 1570 01:20:47,784 --> 01:20:50,150 but it is our responsibility, 1571 01:20:51,282 --> 01:20:53,052 and you and I both know 1572 01:20:53,321 --> 01:20:54,884 that with imagination and courage, 1573 01:20:55,187 --> 01:20:56,684 it can be changed." 1574 01:20:59,624 --> 01:21:02,063 "Maybe I sound a little too Disney, 1575 01:21:02,830 --> 01:21:04,066 but trust me, 1576 01:21:04,535 --> 01:21:06,166 I'm not alone." 1577 01:21:08,067 --> 01:21:09,428 "To be continued."