October 11, 2008

Noam Chomsky on the ‘economic bailout’

Filed under: politics — Tags: , — skeptisys @ 8:59 am
Noam Chomsky

Noam Chomsky

Noam Chomsky has an article on the current economic crisis, published in the Irish Times Friday Oct. 10 – definitely worth a read.

Below is a quote from the article that should be read and understood by each American as we discuss which issues are important enough to warrant our attention.

The United States effectively has a one-party system, the business party, with two factions, Republicans and Democrats. There are differences between them. In his study Unequal Democracy: The Political Economy of the New Gilded Age, Larry Bartels shows that during the past six decades “real incomes of middle-class families have grown twice as fast under Democrats as they have under Republicans, while the real incomes of working-poor families have grown six times as fast under Democrats as they have under Republicans”.

Differences can be detected in the current election as well. Voters should consider them, but without illusions about the political parties, and with the recognition that consistently over the centuries, progressive legislation and social welfare have been won by popular struggles, not gifts from above.

Those struggles follow a cycle of success and setback. They must be waged every day, not just once every four years, always with the goal of creating a genuinely responsive democratic society, from the voting booth to the workplace.

Photo via Tomorrowland.


  1. Perhaps this crisis was devised to stop the transfer of wealth to the oil producers:

    Comment by morris — October 11, 2008 @ 9:08 am

  2. Excellent article – thank you for posting it.

    In addition to cool photos, this is the type of stuff that keeps me coming back to this place.

    Comment by Joe Table — October 11, 2008 @ 2:42 pm

  3. Thanks a lot – really !!!

    Comment by morris — October 13, 2008 @ 10:56 am

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    Comment by Majid Jafari — April 26, 2009 @ 2:40 pm

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