The basic principle underlying our current economy is "to make rich people happy and make everybody else frightened." Chomsky lays particular blame for this doctrine on Federal Reserve Chairman Alan Greenspan-- "Saint Alan"-- who claims the economy is working well because of private entrepreneurial initiative and expanding consumer choice. Chomsky disagrees. He claims that in the last 30 years, it has been public spending on such technologies as computers, satellites, the Internet and lasers that has fed the economy. And the wealth derived from these technologies has gone primarily into the hands of corporate masters, who represent a fraction of the American people. The government has used a succession of bogeymen—the Soviets, Communist insurgents around the world, and now global terrorism—to scare taxpayers into supporting core defense programs whose technologies ultimately spin off into private hands. The current administration advocates not merely controlling space, but owning it, with a new missile-based system and satellite-guided unmanned drones. This expensive strategy, combined with the doctrine of striking first at perceived enemies, may well bring global calamity.
thanks for the video
amcd981 1 month ago
Skip Introduction: 06:10
magicdarragh 11 months ago
Further update to intro - (Google)
Noam Chomsky: 4,460,000 results
Janet Jackson: 16,800,000 results
8bobthebuilder 1 year ago
fact checker update to introduction. google search shows:
chomsky 9,440,000 hits
janet jackson 12,600,000 hits
lonelycubicle 1 year ago