Noam Chomsky on "Corporate State-Capitalism" (NEW!!) - YouTube
"I should say that when people talk about
capitalism it's a bit of a joke. There's no such thing. No country, no
business class, has ever been willing to subject itself to the free
market, free market discipline. Free markets are for others.
Like, the Third World is the Third World because they had free markets
rammed down their throat. Meanwhile, the enlightened states, England,
the United States, others, resorted to massive state intervention to
protect private power, and still do. That's right up to the present. I
mean, the Reagan administration for example was the most protectionist
in post-war American history. Virtually the entire dynamic economy in
the United States is based crucially on state initiative and
intervention: computers, the internet, telecommunication, automation,
pharmaceutical, you just name it. Run through it, and you find massive
ripoffs of the public, meaning, a system in which under one guise or
another the public pays the costs and takes the risks, and profit is
privatized. That's very remote from a free market."
-- Noam Chomsky
