Noam Chomsky concisely and brilliantly dissects the U.S. economic system. He shows that it operates exactly in accord with the principles of neoliberal capitalism. Its function to increase the wealth and power of the plutocratic elite--"the Masters of Mankind," as Adam Smith called them--at the expense of everyone else. And he shows the role of the federal government in enabling and promoting the economic system's antidemocratic aims and results.
The U.S. economic system has changed scarcely at all in the past half-century. Hence this classic talk is every bit as timely, engaging, and important today as it was when Chomsky spoke (at Northeastern University, Boston, in February 2014).
Leigha Cohen produced and made available a video of Chomskys talk. Many thanks. I have lightly edited the recorded audio.
New World Notes is produced under the auspices (Latin for "first floor") of WWUH-FM, a community service of that beacon of light in darkest Connecticut, the University of Hartford.
You can download this installment of New World Notes--in MP3 and other formats--also from The Internet Archive (www.archive.org). The page with the download links is here: https://archive.org/download/nwn-687-ruin-an-economy-192k
More details, photos, links, & other good stuff on the show's Web site: http://newworldnotes.blogspot.com.
SERIES OVERVIEW: -- Political and social commentary in a variety of genres. Exploring the gap between what we want ... and what they're trying to make us settle for. "Date recorded," below, = date of first scheduled broadcast.
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