The times are too difficult and the crisis too severe to indulge in schadenfreude. Looking at it in perspective, the fact that there would be a financial crisis was perfectly predictable: its general nature, if not its magnitude. Markets are always inefficient.

Through much of its history, the US did not have high inequality as compared with Europe. Less so, in fact. That began to change in the industrial age, reaching a peak in 1928, after the forceful destruction of the labor movement and crushing of independent thought. Largely as a result of labor mobilization, inequality declined during the Great Depression, a tendency continuing through the great growth period of regulated capitalism in the early postwar decades.

The invasion of Panama, what was that? The U.S. killed, according to the Panamanians, 3,000 civilians. Maybe they're right. We don't investigate our own crimes, so nobody knows.

There is massive propaganda for everyone to consume. Consumption is good for profits and consumption is good for the political establishment.

That's our nuclear weapons strategy [going to frighten people], as of the early post-Cold War years. And I think this is a real failure of the intellectual community, including scholarship and the media. It's not like you had headlines all over the place. And it's not secret, the documents are there. And I think that's probably the right picture.

We could not bring democracy and freedom to Vietnam at a cost acceptable to ourselves. The idea that that was what we were trying to do, is again, a tautology, it's true by definition because we were doing, and the state is noble by definition. That's called "extreme liberalism".

The syntactic component of a grammar must specify, for each sentence, a deep structure that determines its semantic interpretationand a surface structure that determines its phonetic interpretation.