LovePrevails Posted May 7, 2014 Posted May 7, 2014 I like Chomsky but god him spewing some ignorant shit on economics with certainty irritates me https://www.youtube.com/watch?v=OBQU8aaW90o&list=PL5c3HmsA3vJL-4au1EjcIYC4NaqT5ZIss
Daniel Unplugged Posted May 7, 2014 Posted May 7, 2014 I only got about 30 seconds into that. He lost me when he said he wants capitalism overthrown.
ParaSait Posted May 7, 2014 Posted May 7, 2014 Funny: Notice how at 0:47 he calls it "capitalism", and at 0:58, after the applause, it becomes "state capitalism". It's like the word "state" just sneaks in unnoticed.
GRosado Posted May 7, 2014 Posted May 7, 2014 He defines Capitalism in the same way as many other Anarchists. Anarchists are generally supportive of a free market but they have this antagonism towards the word Capitalism.
Vuk11 Posted May 9, 2014 Posted May 9, 2014 "How do you function in a sensible state capitalist economy and you cannot do that without a central bank that controls currency. In fact if it wasn't for the federal reserves ability to print money we'd be in a deep depression" -> -> -> -> "In our state capitalist economy the only alternative is the one Bernanky has used" Yeah Chomsky you've totally considered and refuted free banking haven't you mate? Hayek's just a loon, there's no alternative but "real Anarchism" or central banking. "The sensible thing would be creating demand by government investment" Stahp, Chomsky.....please...staaaahp!
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