Tuesday, December 1, 2020

Does Economic Growth Justify the System - Noam Chomsky

I've been saying this for years, but Noam Chomsky manages it in two sentences. 

All public resources go to the rich. The poor, if they can survive in the labor market, fine. Otherwise, they die. That's economics in a nutshell.

Noam Chomsky



Peter Pan said...

That's Third World economics. The rise of the welfare state has altered that equation.

Nebris said...

We are a Third World stat now. The Welfare State has been badly eroded for the past 40 years, under both parties.