Get rid of extreme poverty in the world by the end 2015? What rubbish! I'd be surprised if the half the extreme poverty was solved by 2050, let alone in five years.
centurion180ad asked me to post these comments, claims he's blocked:
Chomsky most often characterizes Adam Smith, exactly correctly. Here he seems to stray from the mark, or at least he leaves his meaning ambiguous which may be construed incorrectly.
To be clear, Adam Smith defined business run state policy as being what it is. Then he demonstrated this collusion results in bad outcomes for the home country, but especially for foreign people under colonial exploitation.
Adam Smith points out the few instances where state interventionism is good and even necessary, but then points out a myriad of cases where all the good is more than canceled out, and demonstrates that almost all the incentives are eventually set under the influence of the money powers of his day, to generate destructive interventionism.
the music means they're not psychopaths
Zareste 5 months ago
Good one.
abrosie 6 months ago
hope is for the weak
fallenempireoverdrve 10 months ago
Get rid of extreme poverty in the world by the end 2015? What rubbish! I'd be surprised if the half the extreme poverty was solved by 2050, let alone in five years.
@fallenempireoverdrve Exactly
majordbag2 10 months ago
Brilliant gatekeeper
MrNoblemanoflove 11 months ago
Thank you, Joe Friendly, for posting this. Respect.
FRTothus 11 months ago
Timeless wisdom.
FRTothus 1 year ago
Brilliant, pitiless and sharp analysis of the contraddictions of Us democracy . Always a privigledge to listen to Prof. Chomsky.
68generation 1 year ago
Awesome individual (I have never said that before about anyone!)
corcaighrebel 1 year ago
Awesome.
Nice to see Amy there as well.
Canada1953 2 years ago 2
I love Chomsky's sarcasm; it's so dry and casual you can almost miss it completely.
yocanbanconit 2 years ago 21
Noam: accurate and brilliant as usual.
pippo571 2 years ago 24
centurion180ad asked me to post these comments, claims he's blocked:
Chomsky most often characterizes Adam Smith, exactly correctly. Here he seems to stray from the mark, or at least he leaves his meaning ambiguous which may be construed incorrectly.
To be clear, Adam Smith defined business run state policy as being what it is. Then he demonstrated this collusion results in bad outcomes for the home country, but especially for foreign people under colonial exploitation.
joefriendly 1 year ago 3
centurion180ad cont'd:
Adam Smith points out the few instances where state interventionism is good and even necessary, but then points out a myriad of cases where all the good is more than canceled out, and demonstrates that almost all the incentives are eventually set under the influence of the money powers of his day, to generate destructive interventionism.
joefriendly 1 year ago