P SC 1113 1st Edition Lecture 7 Outline of Last Lecture I How do we feel about each other in the United States II Information Overload III Economic Limits Outline of Current Lecture I How do you turn information into raw knowledge II China s Cultural Revolution III 3 Elements that Cause Our National Debt IV Economic Restructuring Current Lecture I How do you turn information into raw knowledge a NSA only collects 1 3 of telephone calls i Reassuring II China s cultural revolution a Revolt against the top 20 of people i Seized houses people put them in forced labor burned university buildings because learning was a dangerous thing b Turned out that they were marauding teenagers avg age 15 who had formed an army and caused total chaos in the country c Symbol was the statue of liberty quoting John Locke Jefferson d Dun Chao Ping leader sent in his army to put down the revolution in Tiananmen Square i Man stood in front of tank so that it would stop then it would start up then stop etc ii Took place on global television iii Killed thousands of people e Why did he do this These notes represent a detailed interpretation of the professor s lecture GradeBuddy is best used as a supplement to your own notes not as a substitute i Brought back all his memories of the cultural revolution and the near death of his son 20 30 years prior 1 Son had been at university and was thrown from the 7th story of a building ii You have to understand the histories of people to understand their actions III 3 Elements that Cause Our National Debt besides the military a Healthcare i Medicare Medicaid ii Amount you pay is based on age iii Medicaid is based on income b Interest on the debt i Paying money on the amount we ve already spent and already borrowed c Social Security i You re paying in to it and you re supposed to get it back plus interest ii Do people who make plenty of money deserve the government pension 1 Where do you draw the line at being well enough off d Young people are now harder off than older people i Older people have more disposable income than younger people IV Economic Restructuring a When you restructure the economy you also restructure socially i People lose their support group their circle of friends their standard of living etc b In the 1980s everyone thought Japan would pass the US economically i US instead had a huge spurt of productivity and Japan plateaued ii The US restructured economically 1 Company mergers etc 2 People lost some stability but gained productivity iii So who won The Japanese maintained a stable society but the US paid a social price