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Renowned linguist, author, and dissident intellectual, Noam Chomsky, talks about the current state of the economy, the assault on social welfare programs and the prospects for resistance and hope in the years ahead. Noam Chomsky spoke at the University of Oregon campus in Eugene, Oregon, on April 20, 2011.
Originally posted by inforeal
reply to post by Rockdisjoint
What theory of economics is so good that created the present depression conditions in America that Chomsky supports? NONE!
He advocates the simple idea that demand is what excites an economy not trickle down—give all to the rich—Reagan FAILED economics.
Be specific, and I would advise you avoid the monetary and financial hocus pocus of the actual failed economics [ the last five years for example] that has ruined this economy, fueled by conservative economic theories and non-productive financial instruments.
Chomsky in fact speaks well of Volcker compared to Obamas advisers, who other than Volcker were partly responsible for the 2008 crashedit on 15-5-2011 by inforeal because: (no reason given)
Originally posted by Rockpuck
reply to post by inforeal
He hates government because politicians sell out to corporations, so his belief to fix our issues with corrupt government is by creating a much larger government.