Noam Chomsky Quotes (Along with democracy, markets are under attack....)

"Along with democracy, markets are under attack. Even putting aside massive state intervention, increasing economic concentration and market control offers endless devices to evade and undermine market discipline, a long story that there is no time to go into here; to mention only one aspect, some 40 per cent of ‘world trade’ is intrafirm, over 50 per cent for the US and Japan. This is not ‘trade’ in any meaningful sense; rather, operations internal to corporations, centrally managed by a highly visible hand, with all sorts of mechanisms for undermining markets in the interest of profit and power."

Power and Prospects - Noam Chomsky

— 5 months ago with 15 notes

#noam chomsky #chomsky