From the 1970s, there has been a significant change in the US economy, as planners, private and state, shifted it toward financialization and the offshoring of production, driven in part by the declining rate of profit in domestic manufacturing.
Noam Chomsky[Internet] is kind of like a hammer. The technology itself doesn't determine how its used. It depends on the social, cultural and economic context in which the technology is made available.
Noam ChomskyI think a decent society should protect rights to private property within limits, but not concentrations of private power that infringe on the freedom and rights of others, including exploitation of labor, and that convert any democratic forms into what have been called sometimes "hierarchical democracies," like ours, in which some have vastly greater influence over public policy than others. Spelling all of this out is a complex matter that raises many issue and problems that are impossible to address here.
Noam ChomskyThere is a phrase in trade theory; it's called "kicking away the ladder." First you violate the rules - the market rules - and then by the time you succeed in developing, you kick away the ladders so others can't do it too, and you preach about "free trade."
Noam ChomskyCapitalism is based on the principle that everything has to be privately owned; it can't be held in common. There is even a dogma, which is today called, the "tragedy of the commons" which holds that if things are held in common they are going to be destroyed. If they're privatized, like you give them to Bechtel or Monsanto or ExxonMobil, then they'll be preserved because that's the capitalist's religion.
Noam Chomsky