Arianna Huffington And Tim Armstrong On Squawk Box (VIDEO)

Arianna Huffington and Tim Armstrong appeared on CNBC's "Squawk Box" Monday morning to discuss economic chivalry, job creation, and current world events.

On the show, Arianna said, "I've been talking about the need to redefine capitalism, the way Adam Smith wrote about it. He was saying we need to have a moral foundation to capitalism... Also, Alfred Marshall talked about economic chivalry, about the need to give back, which is very much part of what America is about. America is the most charitable country."

Later on the show, Arianna discussed current challenges in Greece and the U.S., saying, "I don't want the American Dream to die... you have to admit it's dying for millions of people." She went on to say, "I'm all in favor of shared prosperity. I don't like the new normal, though. I don't like us accepting 15% unemployment... that's not something we should accept as the new normal."

WATCH:

 

Comments

[Dredd]

08:55 AM on 05/17/2011

Thank you Arianna!

[TomCinIllinois]

12:44 AM on 05/17/2011

Republicans have limited the deficit-funded stimulus package to the point that it has been too small to be totally effective. The President, however, did not put up much of a fight, and now is leading the charge on spending cuts. When Republicans attack the stimulus as ineffective, he will not be able to defend his program by saying that he wanted more, because he never fought for more.

[snideelf]

12:42 AM on 05/17/2011

Cash is a false idol. We are guilty of worshiping a false idol. The golden calf of the present age.
Need to go with a point system of paying people for their labor.
Already have a million dollars? Then you already have a million points.
No one is going to take away the "cash" the greedy rich already have stashed in the bank.
But don't keep people in the poor house because there is no "cash" to pay them.

[JohnWoods]

12:13 AM on 05/17/2011

As for the stimulus, remember there are lots of compromises to the Republicans in the Senate to get it passed. Most of these convoluted bills, including health care, are the way they are to prevent filibusters in the Senate. Basically, you take what makes the most sense to solve a problem, require that both houses of congress have to pass it, and you end up with not the most logical and efficient solution, but the most complicated, inefficient, illogical, and costly approach to solving the problem, that usually just causes some other problems. That's our system, and I don't like it.

[kenmei]

09:45 PM on 05/16/2011

Here's what many people forget, once the wars end (which hopefully is soon) the military will not have reason to keep so many troops on its payroll.
That's a ton of people going to be looking for jobs in this market. 15% is going to drop anytime soon if things don't change dramatically.

[macohmz]

09:06 PM on 05/16/2011

I am adamantly opposed to the new "normal" if that's what you want to call it. This notion of a new normal has been imposed on us by the corporate media, Republicans and many Democrats (who, incidentally are nowhere mentioned in the Constitution.). Everything now is done for the very wealthy and construed to be good for all Americans. It burns my ass so much, I don't know what to say. I see the consequences of their selling-out all around me. Anyone who calls political, economic treachery the the new "normal" is definitely not normal. Unless there's something normal about psychopathology.

[MauricioC]

08:42 PM on 05/16/2011

Capitalism is just like American football-it's the finest game in the world. But the reason American football is the finest game in the world is because it has rules and those guys in the zebra shirts, referees.

For the past thirty or so years, we have been playing without any rules or referees. And a game without rules or referees is chaos, which is exactly what we have. We have, as a society accepted this chaos as the "new normal". Well Ms. Huffington, I agree-I don't like the "new normal" either.

[ebanks84]

08:26 PM on 05/16/2011

Nobody is accepting it. We're just dealing with it until we can do better with a new legislature in 2012. That's all!

[Heyman]

08:16 PM on 05/16/2011

I don't like the new normal either. Where a person can't express their opinion, that is fact. Because it upsets the ultra rich. Or masses of sheeple.
Sad for the 1st Amendment. Well? WE THE PEOPLE threw it away after the Patriot Act was passed.
No theory. Just a conspiracy. That Patriot Act was written 9 months before it was passed!
lol...

[kocean1]

07:49 PM on 05/16/2011

Great interview Arianna.

[Fit2betied]

07:17 PM on 05/16/2011

I agree with Arianna.

We need to find a better way that is fair to all. We should no longer settle for mediocre.

[brokerallen]

07:30 PM on 05/16/2011

With 95% of all wealth including real estate, minerals, stocks and bonds, and cash being in 5% of the hands is an immoral system. Especially when that 5% is using the money overseas and not at home. Evey person in America that is willing to work, and is not disabled, should have the ability to have their needs met including health care.

[CJI Manufacturing]

07:55 PM on 05/16/2011

Yes, a better way than not paying your employees/reporters/bloggers a cent, then selling your company for $300 Million.

[Heyman]

08:28 PM on 05/16/2011

Yep.

[OutToLunch]

08:42 PM on 05/16/2011

F & F. My new hero...

[forty8r]

06:56 PM on 05/16/2011

The new normal? more like neo19th century economics to me.

[jazzman]

06:17 PM on 05/16/2011

Facets of capitalism are fine and spur innovation, quality, and wealth but our present capitalistic system as presently structured is completely broken. There are too many monopolies which destroy competition, too many rewards for short term gains rather than a structure that impels business leaders to practice stewardship of their businesses, too few regulations which are allowing for dangerous and sloppy practices, too little growth in employment or distribution of wealth throughout the world, and there's too much lobbying influence by corporations which is stifling the voices of the citizens, working class, and poor.

If we want a system with some free enterprise, and I do, we're going to have to get honest with ourselves about the deficiencies of the present system. It's not a simple choice between socialism vs. free enterprise or government vs. small government. It's a question of finding a balance so that wealth and opportunity become available to those who wish to compete and protection from abuse and abject poverty along with a redress of grievances becomes available to all.

Our system right now is headed towards the same stagnant unjust system that resulted from the communist system. It needs an overhaul.

[laura r]

07:27 PM on 05/16/2011

I totally agree with you. One thing also, is we are giving to much socialism to Corporations. The small business have been taking on the chin.

[butdoyou]

08:35 PM on 05/16/2011

Small businesses taking it on the chin................ thats laughable...I've worked for small businesses for the last 20 years. These are some of the greediest people on the planet. Small business owners deserve most of the blame for this counties financial problems. Period.

[spinns17]

05:43 PM on 05/16/2011

bravo huff

[Vitorio]

05:28 PM on 05/16/2011

How else are the upper rich going to get richer....we the people have given them the power by not studying our candidates, by not voting for our own interest, by becoming cynical, by not caring about ourselves and our own country.

[blackseasoning]

07:08 PM on 05/16/2011

or eachother