One of the best 7-minute speeches I have seen so far. Walter E. Williams, professor of economics at George Mason University, summarizes the whole problem of economics and politics in less than ten minutes.
His critical remarks do not even spare his own profession:
A favorite research project for college professors is to get five hundred or six hundred thousand dollar grants to do studies on poverty and have meetings in Miami in a nice hotel to talk about the poor.
Swiss Economist 