All public resources go to the rich. The poor, if they can survive in the labor market, fine. Otherwise, they die. That's economics in a nutshell.
Noam ChomskyCapitalism would self-destruct in no time. So the business classes have always demanded strong, straight intervention to protect the society from the destructive effects of market forces because they don't want everything destroyed.
Noam ChomskyThe freer the society gets, the more dangerous the great beast becomes and the more you have to be careful to cage it somehow.
Noam ChomskyIn the late 19th century there was a major union organization, Knights of Labor, and also a radical populist movement based on farmers. It's hard to believe, but it was based in Texas, and it was quite radical. They wanted their own banks, their own cooperatives, their own control over sales and commerce.
Noam Chomsky