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xchrom

(108,903 posts)
Sat May 5, 2012, 05:53 AM May 2012

Noam Chomsky on America's Economic Suicide

http://www.alternet.org/economy/155281/noam_chomsky_on_america%27s_economic_suicide/

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Noam Chomsky has not just been watching the Occupy movement. A veteran of the civil rights, anti-war, and anti-intervention movements of the 1960s through the 1980s, he’s given lectures at Occupy Boston and talked with occupiers across the US. His new book, Occupy, published in the Occupied Media Pamphlet Series by Zuccotti Park Press brings together several of those lectures, a speech on “occupying foreign policy” and a brief tribute to his friend and co-agitator Howard Zinn.

From his speeches, and in this conversation, it’s clear that the emeritus MIT professor and author is as impressed by the spontaneous, cooperative communities some Occupy encampments created, as he is by the movement’s political impact.

We’re a nation whose leaders are pursuing policies that amount to economic “suicide” Chomsky says. But there are glimmers of possibility – in worker co-operatives, and other spaces where people get a taste of a different way of living.


***snip

LF: Let’s start with the big picture. How do you describe the situation we’re in, historically?

NC: There is either a crisis or a return to the norm of stagnation. One view is the norm is stagnation and occasionally you get out of it. The other is that the norm is growth and occasionally you can get into stagnation. You can debate that but it’s a period of close to global stagnation. In the major state capitalists economies, Europe and the US, it’s low growth and stagnation and a very sharp income differentiation a shift — a striking shift — from production to financialization.
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Noam Chomsky on America's Economic Suicide (Original Post) xchrom May 2012 OP
So much to think about...this one struck me as particularly important... sad sally May 2012 #1
+1 xchrom May 2012 #2
Sunday AM kick n/t eridani May 2012 #3
I knew CEO's salaries had gotten obscene, but I didn't know this: raccoon May 2012 #4

sad sally

(2,627 posts)
1. So much to think about...this one struck me as particularly important...
Sat May 5, 2012, 06:02 PM
May 2012

NC: Well, not just the media but pretty much true of academic world, the picture is we the leading democracy in the world, the beacon of freedom and rights and democracy. The fact that democratic participation here is extremely marginal, doesn’t enter [the media story.] The media will condemn the elections in Iran, rightly, because the candidates have to be vetted by the clerics. But they won’t point out that in the United States [candidates] have to be vetted by high concentrations of private capital. You can’t run in an election unless you can collect millions of dollars.

One interesting case is right now. This happens to be the 50thanniversary of the US invasion of South Vietnam – the worst atrocity in the post war period. Killed millions of people, destroyed four countries, total horror story. Not a word. It didn’t happen because “we” did it. So it didn’t happen.

Take 9-11. That means something in the United States. The “world changed” after 9-11. Well, do a slight thought experiment. Suppose that on 9-11 the planes had bombed the White House… suppose they’d killed the president , established a military dictatorship, quickly killed thousands, tortured tens of thousands more, set up a major international terror center that was carrying out assassinations , overthrowing governments all over the place, installing other dictatorships, and drove the country into one of the worst depressions in its history and had to call on the state to bail them out Suppose that had happened? It did happen. On the first 9-11 in 1973. Except we were responsible for it, so it didn’t happen. That’s Allende’s Chile. You can’t imagine the media talking about this.

raccoon

(31,091 posts)
4. I knew CEO's salaries had gotten obscene, but I didn't know this:
Mon May 7, 2012, 09:17 AM
May 2012

"In the last thirty years there have been very substantial legal changes to corporate governance so by now CEOs pretty much pick the boards that give them salaries and bonuses. That’s one of the reasons why the CEO-to-payment [ratio] has so sharply escalated in this country in contrast to Europe… There’s no particular reason for it.”



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