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Free Market Fantasies: Capitalism in the Real World (AK Press Audio)

par Noam Chomsky

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There is endless talk about the free market and its virtues. Entrepreneurs compete on level playing fields and the public benefits. The chasm between such fantasies and reality is acute and growing wider. Mega-mergers and monopolies are limiting competition. Fewer than 10 corporations most of the global media. The existing free market depends heavily on taxpayer subsidies and bailouts. Corporate welfare far exceeds that which goes to the poor. Economic policy is based on the dictum: take from the needy, and give to the greedy. The captains of industry of today make the robber barons of the 19th century look like underachievers. The gap between CEO and worker salaries has never been sharper. One union leader put it this way, "Workers are getting the absolute crap kicked out of them." Here Chomsky sets the record straight. Using clarity and humor he guides us through the seedy underbelly of corporate boardrooms and their anti-democratic doings.… (plus d'informations)
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Chomsky gave this lecture at Harvard in 1996. Much has changed since then, but listening to this would have you think otherwise. While his examples have been outdated, his criticism remains prescient. Especially those around tax-cuts and federal rebates being primarily business-serving (tax policies of New York in the Giuliani-Bloomberg era). Deconstructing 'reform', 'subsidy', and 'economic miracle' with his dry humour Chomsky cogently argues that free market theory, as it exists, is a self-serving mechanism which makes rich richer and the poor poorer. ( )
  pod_twit | Mar 30, 2020 |
This is a short 60 minute talk by Chomsky that explains in large strokes how capitalism, free market and democracy are being undermined by the rich to tip the scales against the masses in their favor. This talk is almost 20 years old, but its hard not to agree with him. It's worth taking into account that this was before Trump, Panama Papers, Snowden and Wikileaks so as always I tip my hat to Chomsky for having tried to bring awareness to these issues back when we had a better chance at solving them. ( )
  parzivalTheVirtual | Mar 22, 2020 |
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There is endless talk about the free market and its virtues. Entrepreneurs compete on level playing fields and the public benefits. The chasm between such fantasies and reality is acute and growing wider. Mega-mergers and monopolies are limiting competition. Fewer than 10 corporations most of the global media. The existing free market depends heavily on taxpayer subsidies and bailouts. Corporate welfare far exceeds that which goes to the poor. Economic policy is based on the dictum: take from the needy, and give to the greedy. The captains of industry of today make the robber barons of the 19th century look like underachievers. The gap between CEO and worker salaries has never been sharper. One union leader put it this way, "Workers are getting the absolute crap kicked out of them." Here Chomsky sets the record straight. Using clarity and humor he guides us through the seedy underbelly of corporate boardrooms and their anti-democratic doings.

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