[lbo-talk] Chomsky on economics

C. G. Estabrook galliher at uiuc.edu
Mon Apr 2 19:09:21 PDT 2007


On Capitalism, Europe, and the World Bank

Noam Chomsky interviewed by Dennis Ott

April 02, 2007

"...there’s an important decision by an American court, which is quite intriguing. It urges corporations to carry out benevolent activities; it says – and I’m quoting it now – or else 'an aroused public' may figure out what corporations are up to, and take away their privileges – because after all, they’re just granted by the government, there’s nothing in the constitution, there’s no legal basis for them, it’s a radical violation of classical liberal principles and free market principles. They’re just granted by powerful institutions, and 'an aroused public' might see through it and take it away. So you should have things like the Gleneagles conference once in a while, which is mostly fake, but looks good, and this is basically the court decision..."

More at <http://www.zmag.org/content/showarticle.cfm?SectionID=10&ItemID=12475>



More information about the lbo-talk mailing list