If we assume that the purpose of the economy is to serve and improve the welfare of the entire body of citizens, the U.S. model has clearly been a major failure. It has served a minority, and the majority have not only failed to share in the income gains yielded by the model, they have suffered from reduced benefits, greater job instability and stress, and a diminution of expectations and sense of hope for the future.
Edward S. HermanThe United States is not only number one in military power but also in the effectiveness of its propaganda system.
Edward S. HermanThe propaganda system allows the U.S. Ieadership to commit crimes without limit and with no suggestion of misbehavior or criminality; in fact, major war criminals like Henry Kissinger appear regularly on TV to comment on the crimes of the derivative butchers.
Edward S. HermanEconomists have provided capitalists with a comforting concept called the "free market." It does not describe any part of reality, at any place or time. It's a mantra conveniently invoked when it is proposed that government do something the faithful don't like, and just as conveniently ignored whenever they want government to do something for them.
Edward S. HermanThe U.S. public is depoliticised, poorly informed on foreign affairs... and strongly patriotic in the face of a struggle with another Hitler. Even though the public is normally averse to war, even with modest propaganda efforts... the public can be quickly transformed into enthusiastic supporters of war.
Edward S. HermanIf we assume that the purpose of the economy is to serve and improve the welfare of the entire body of citizens, the U.S. model has clearly been a major failure. It has served a minority, and the majority have not only failed to share in the income gains yielded by the model, they have suffered from reduced benefits, greater job instability and stress, and a diminution of expectations and sense of hope for the future.
Edward S. Herman