Noam Chomsky - Labour Market Flexibility

[coosoorlog]

Marxism is a broad and versatile academic nexus of disciplines around various fields of research. To call someone "marxist" doesn't say much at all, because the concept is so enormous in itself.

[PavedStones]

In the meanwhile, only the income of the top 20% has continued to grow, growing very fast for the top 10%, and exploding astronomically for the top 2-3%. CEOs' revenues have been multiplied by 20.

This phenomenon of wage reduction and explosion of profits is going on in most of the world, often in a manner even much more extreme than in the USA. In Haiti for example real wages have decreased by 50% during the last 20 years.

Long live the corporations, down with the people!

[Springtime916]

Chomsky is correct, except there's absolutely nothing wrong with the situation he identified. What is so 'wrong' about a system where the best workers get hired for competitive wages?

Nothing, labor markets have a balancing effect where only the best workers are employed and even if a business wanted to pay workers dirt cheap, they couldn't because other buisnesses are also competing for scarce labor supply,

[beansproutlord]

That's a rather ridiculous comment, Springtime. Chomsky explained in this very clip what is "wrong with the situation he identified": Namely that the situation (our current situation as state-capitalist plutocracies) is good for a tiny minority of fat rich people, and bad for the rest of us! As for your question, the best workers do not get hired. Just ask the skilled workers of England. No, instead the CHEAPEST workers get hired. Easily exploitable labour forces are preferable to the wealthy.

[stealthswimmer]

unfortunately Chomsky demonstrates little understanding economics and also attributes the wrong-doings to "capitalism" (which we don't have) rather than state interventions that allows and even incentivize certain behavior. I hear people tell me to look to him as an example of an anarchist but he's just a state apologist.

[WolYou]

Noam Chomsky hits the bulls eye. Its astonishing that so many people are living in a dream of getting rich. Its easy to understand the capitalistic mechanisms. But people buys everything which has good words in it: "Flexibility". The right word would be "blackmail". It's as easy as that. The missing empathy for the real interest of the elites is the problem.

[MaxKantar]

is there anywhere i can watch this entire talk??

[jtr3030]

It's from the movie The Corporation

[errocrasso]

Capitalism kills, kill capitalism. Long live to Noam Chomsky and to who resists against the exploitation.

[MrLMULES]

Ask Nicolas Sarkozy what he thinks.

[MrLMULES]

The removal of our jobs to India, Tai wan and now China by the shareholders is what the Rothschilds of this world appear to be playing with. Diverting the world slave market. The monetary system must collapse when the division between masters and slaves gets too big. But at what cost? We have to start at home to produce a more Mutal rather than Adversarial way of life.

[Mbowster]

Chomsky is totally wrong. Labor Market Flexibility occurs over large periods of time, not overnight.

At will employment benefits the worker and the owner and the Labor Market Flexibility allows workers to compete their skills, which is to their benefit.

Amazing how wrong a University professor can be.

He should stick to Linguistics and stop promoting the destruction of society via Keynesianism/Marxism.

[errocrasso]

Chomsky is not Marxism, he is an Anarchism, you have to know him better before to write shit. And destruction is promove the capitalism and its mechanism. The hungry and misery kill thousands of people but you live in your fantasy world thinking that capitalism is a wonderfull...thats shame!

[Mbowster]

You couldn't be more wrong...

You have no understanding of Capitalism.

[errocrasso]

"You have no understanding of Capitalism"

hahahahahahahaha i guess you have no understanding of Capitalism, not me. Where are u from? Do you know the reality? or you live on the american dream?

Capitalism is Cannibalism and you cant see this fact. Try to know what happen with people on 3º world, try to know with happen with our ecosystem, try to know something about exploitation...You need to read Chomsky, it would be good for you..

[Mbowster]

That is not capitalism.

I'm afraid you are wrong and have been duped!

[stealthswimmer]

America doesn't have capitalism. We have a mixed economy, much like most nations around the world.

As for our ecosystem, much of the ill effects come from government intervention and favors to businesses while trampling private property rights and is clearly not a product of the market.

As for exploitation, the same goes there. One example was labor unions consisting of white people that disliked blacks and lobbied for higher minimum wages so that blacks would get priced out of employment.

[asielnorton]

so how does this theory stack up against the 19th century? do you propose that environmental i and labor standards were higher during the industrial revolution when everything was market based, and businesses were able to do whatever they wanted? when industry basically raped the planet, an children were forced to work in coal mines? that minorities rights were to a higher standard working for the transcontinental railroad for example? then pesky labor unions screwed up this imaginary utopia?

[asielnorton]

my questions were in reference to those of @stealthswimmer.

[stealthswimmer]

@asielnorton

First of all, it's easy to say things are "market based." That could be interpreted to mean almost anything other than public ownership. Taxes and subsidies are sometimes called "market based incentives" but most people would clearly see they are not part of the market. Anyways, the level of standards isn't what you should look at - you gotta compare apples with apples. The thing to look at would be growth RATE, and it was highest in US history during the Industrial Revolution

[westphalianprinz]

His analysis is very similar to Marx's, but it lacks historicism.

One can be an Anarchist and still use Marx as a theoretical tool.

Howard Zinn does, for example.

[MrSalamander7]

@errocrasso Well in all fairness, while Chomsky doesn't label himself as such, he is more or less a Marxist. His beliefs are very consitant with Marx's writings. Now this isn't a bad thing because contrary to what the majority of the population thinks (the same majority that hasn't read a word of Marx), Marxism isn't bad.

[bbkingzor]

Then you clearly have no idea what he's talking about. The "overnight" was a overrated example. Nothing more. You should reconsider your comment

[streakerboydude]

Loser. Why are you watching this? Go watch some clips of Ben Stein or somebody. Thats kind of sad actually; the right really doesn't have many intellectuals.

[funfnalas]

primeiro video de chomsky que vi com legendas. thanks for posting