Noam Chomsky: WikiLeaks Cables Reveal "Profound Hatred for Democracy on the Part of Our Political Leadership"


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Noam Chomsky , like another of my modern day hero’s, Nassim Taleb, tells it how it is and delivers this superb quote on the current WikiLeaks revelations:

“…one of the major reasons for government secrecy is to protect the government from its own population”

The transcript of the full interview and videos can be found here

However, whilst I interpreted that the above quote specifically related to revelations about US “Diplomacy” it could be that he also intended it to refer to US Fiscal policy. Judge for yourself. Here are his words on that subject:

 

What people are thinking is extremely interesting. I mean, overwhelmingly polls reveal that people are extremely bitter, angry, hostile, opposed to everything.

The primary cause undoubtedly is the economic disaster. It’s not just the financial catastrophe, it’s an economic disaster. I mean, in the manufacturing industry, for example, unemployment levels are at the level of the Great Depression. And unlike the Great Depression, those jobs are not coming back. U.S. owners and managers have long ago made the decision that they can make more profit with complicated financial deals than by production. So finance – this goes back to the 1970s, mainly Reagan escalated it, and onward- Clinton, too. The economy has been financialized.

Financial institutions have grown…

…enormously in their share of corporate profits. It may be something like a third, or something like that today. At the same time, correspondingly, production has been exported. So you buy some electronic device from China. China is an assembly plant for a Northeast Asian production centre. The parts and components come from the more advanced countries – and from the United States, and the technology . So yes, that’s a cheap place to assemble things and sell them back here. Rather similar in Mexico, now Vietnam, and so on. That is the way to make profits.

It destroys the society here, but that’s not the concern of the ownership class and the managerial class. Their concern is profit. That is what drives the economy. The rest of it is a fallout. People are extremely bitter about it, but don’t seem to understand it. So the same people who are a majority, who say that Wall Street is to blame for the current crisis, are voting Republican. Both parties are deep in the pockets of Wall Street, but the Republicans much more so than the Democrats.

The same is true on issue after issue. The antagonism to everyone is extremely high – actually antagonism – the population doesn’t like Democrats, but they hate Republicans even more. They’re against big business. They’re against government.

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