It was a pretty egalitarian growth, the lowest fifth of the population benefited as well as the upper fifth. And the same across the board.When the U.S. was primarily a manufacturing center, it had to be concerned with its own consumers… here. And it ends up with what’s called “regulatory capture.” The business being regulated is in fact running the regulators.Concentration of wealth yields concentration of political power, particularly so as the cost of elections skyrockets, which forces the political parties into the pockets of major corporations. g a��ɶ��f�iA7i�'��8^+��R�~vK�W�B��� Chomsky sums up the threat to democracy thus:“Concentration of wealth yields concentration of power, particularly so as the cost of elections skyrockets, which forces political parties even more deeply into the pockets of major corporations. Goes back to the first major book on political systems, If you look at the history of the United States… it’s a constant struggle between these two tendencies. That’s what happens when you put power into the hands of a narrow sector of wealth, which is dedicated to increasing power for itself, just as you’d expect.Concentration of wealth yields concentration of political power, particularly so as the cost of elections skyrockets, which forces the political parties into the pockets of major corporations.
Labor organizing, parliamentary labor parties in many countries, women starting to get the franchise, and so on.So, you had to have other means of controlling people. So they gradually became persons under the law. You try to do things. That’s what democracy means.It’s important to understand that privileged and powerful sectors have never liked democracy and for very good reasons. It means that students, if they don’t come from very wealthy families, they’re going to leave college with big debts. If you want to increase investment, give money to the poor and the working people. NOAM CHOMSKY is widely regarded as the most influential intellectual of our time.Filmed over four years, these are his final long-form documentary interviews. The people who Adam Smith called the “masters of mankind,” and they’re following the vile maxim, “All for ourselves and nothing for anyone else.” They’re just going to pursue policies that benefit them and harm everyone else. And there were some welfare state measures, which improved life for much the population.
It’s of no use to the very rich, so therefore, there’s a concerted attempt to destroy it. It is a very free society, still the freest in the world. But there was an expectation that things were going to get better. What it’s led to is a population that is angry, frustrated, hates institutions. And it was understood and expressed that you have to control them by If you can fabricate wants… make obtaining things that are just about within your reach the essence of life, they’re going to be trapped into becoming consumers. And there were some welfare state measures, which improved life for a large part of the population. Guns, tear gas, clubs and fists bring injuries to more than 80 persons and caused the death of two.By the mid ’30s, it began to reconstruct. These two processes, financialization and off-shoring are part of what lead to the vicious cycle of concentration of wealth and concentration of power.The American Dream, like many ideals, was partly symbolic, partly real. The 1960s for example, were a period of significant democratization.Sectors of the population that were usually passive and apathetic became organized, active, started pressing their demands. From the point of view of the masters, you’re only supposed to care about yourself, not about other people. This is quite different from the people they claim are their heroes like And we see it today in policy formation. You read the business press, say, in the late ’30s, they were talking about the “hazard facing industrialists” and the “rising political power of the masses,” which has to be repressed.
As it began to be dismantled under business pressure and political pressure, you get more and more crashes.
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