Noam Chomsky Quotes About Economics
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In the humanities and social sciences, and in fields like journalism and economics and so on, people have to be trained to be managers, and controllers, and to accept things, and not to question too much.
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Roughly speaking, I think it's accurate to say that a corporate elite of managers and owners governs the economy and the political system as well, at least in very large measure.
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Why not stakeholder action? There's no economic principal that says that management should be responsive to shareholders, in fact you can read in texts of business economics that they could just as well have a system in which the management is responsible to stakeholders.
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If you take an economics or a political science course, you're taught that humans are supposed to be rational wealth accumulators, each acting as an individual to maximize his own wealth in the market.
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The main purpose of advertising is to undermine markets. If you go to graduate school and you take a course in economics, you learn that markets are systems in which informed consumers make rational choices. That's what's so wonderful about it. But that's the last thing that the state corporate system wants. It is spending huge sums to prevent that.
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All public resources go to the rich. The poor, if they can survive in the labor market, fine. Otherwise, they die. That's economics in a nutshell.
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The dominant propaganda systems have appropriated the term "globalization" to refer to the specific version of international economic integration that they favor, which privileges the rights of investors and lenders, those of people being incidental. In accord with this usage, those who favor a different form of international integration, which privileges the rights of human beings, become "anti-globalist."
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At the peak of the so-called great success of neoliberal economics, in 2007, right before the crash, non-supervisory workers were at wages considerably lower than in 1979, when the neoliberal assault was taking off. That perfectly naturally causes resentment and fear, and combines with a tendency to blame the most vulnerable.
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