Economists 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 immiseration of the majority is an integral part of the Free World package for the Third World, the unsavory aspects of the package - the terror, the direct spoilation of people and resources, and western complicity - must be rationalized and, as far as possible, kept under the rug.
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. HermanThere is a system of terroristic states-the real terror network-that has spread throughout Latin America and elsewhere over the past several decades, and which is deeply rooted in the corporate interest and sustaining political-military-financial propaganda mechanisms of the United States and its allies in the Free World.
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. HermanThe United States has given frequent and enthusiastic support to the overthrow of democracy in favor of "investor friendly" regimes. The World Bank, IMF, and private banks have consistently lavished huge sums on terror regimes, following their displacement of democratic governments, and a number of quantitative studies have shown a systematic positive relationship between U.S. and IMF / World Bank aid to countries and their violations of human rights.
Edward S. Herman