...the mass media. What are they? They're huge corporations, massive corporations, linked up with even bigger corporations. They sell audiences to other businesses, namely advertisers. So when you turn on the television set, CBS doesn't make any money. They make money from the advertisers. You're the product that they're selling, and the same is true of the daily newspaper. They're huge corporations, selling audiences, potential consumers, to other businesses, all linked up closely to the government, especially the big media. What picture of the world do you expect them to present?
Noam Chomskythe Federal Reserve, has an official commitment to two different policies. One is to prevent inflation from getting too high. The second is to maintain high employment... The European central bank has only the first. It has no commitment to keep employment up.
Noam ChomskyNobody is going to pour truth into your brain. It's something you have to find out for yourself.
Noam ChomskyThere are questions as to whether it should even exist. Who should corporations be responsive to, the management of a corporation? Theoretically they are responsive to the shareholders, but I why not to the so - called stakeholders, the work force and the community? Nothing in economic theory opposes that. Those are social and political decisions.
Noam ChomskyLatin America was the most obedient follower of the neoliberal regime that was instituted by the United States, its allies and the international financial institutions. They followed it most rigorously. Almost everyone who's followed those rules, including the Western countries, have suffered. And in Latin America they suffered severely.
Noam Chomsky