Noam Chomsky Quotes About Risk
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A basic principle of modern state capitalism is that costs and risks are socialized to the extent possible, while profit is privatized.
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A tremendous amount of the entrepreneurial initiative, if you want to call it that, comes from the dynamic state sector on which most of the economy relies to socialize costs and risks and privatize eventual profit. And that's achieved by, if you like, advertising.
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As in the past, the costs and risks of the coming phases of the industrial economy were to be socialized, with eventual profits privatized.
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Resource extraction impacts a global environment that is increasingly at severe risk.
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With government deregulation and the triumph of financial liberalization, the dangers of systemic risks, the possibility of a financial tsunami, sharply increased.
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One of the dangers [that Donald Trump poses, due to the augmented risk of nuclear war] is unquestionable. Of the two existential threats - the threats to the termination of the species basically and most other species - one of them, climate change, on that I think there's no basis for discussion.
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In a capitalist system, there's a principle that if you invest, especially in a long-term risky investment, if something comes out of it, you're supposed to get the profit. It doesn't happen in our system. The taxpayer paid for it and gets nothing - assumes all of the risk, gets zero. The money goes into the pockets of Bill Gates and Steve Jobs, who are ripping off decades of work in the public sector.
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