Noam Chomsky: The most effective way to restrict democracy…

Noam Chomsky (2014) “How to Ruin an Economy; Some Simple Ways”

A basic principle of modern state capitalism is that cost and risk are socialized to the extent possible, while profit is privatized.

A basic principle of modern state capitalism is that cost and risk are socialized to the extent possible, while profit is privatized.

Filmed and edited by Leigha Cohen http://www.leighacohenvideo.com/ https://www.youtube.com/user/LeighaCohen

Noam Chomsky spoke at Third Boston Symposium on Economics on February 10th 2014, sponsored by the Northeastern University Economics Society http://www.northeastern.edu/econsocie… in Boston, MA.

Chomsky argued that certain factors, among them cutting federal funding for research and development and the growing gap between the richest 1 percent and everybody else, have led to the country’s current economic climate.

“The system is so dysfunctional that it cannot put eager hands to needed work using the resources that would be available if the economy were designed for human needs,” Chomsky said. “These things didn’t just happen like a tornado, they are the results of deliberate policies over roughly the past generation.”

Chomsky focuses on what economic actions that government, the super rich and corporations are doing that insures the US and other economies fail for the overwhelming majority of people. We’re a nation whose leaders are pursuing policies that amount to economic suicide.

This video also includes an extended 14 minute question and answer period with Dr. Chomsky..

 

Noam Chomsky: The most effective way to restrict democracy…

Noam Chomsky: The most effective way to restrict democracy…