In fact, the capitalist class in the '50s was sort of part of a social contract. It was part of the tenor of the times.
Noam ChomskyWe are entering a period of human history that may provide an answer to the question of whether it is better to be smart than stupid.
Noam ChomskyTrump's principal policies make clear what's going to happen. This gives an opportunity. Right now it's going to take hard work, but it's possible that there could be a real revival of the labor movement.
Noam ChomskyThere was a time traditionally - say, GM in the 1950s - it was trying to develop a consumer base that would be loyal and lasting and they were thinking in terms of an institution that would remain and grow and thrive in the society. By now, a lot of the investment firms - bankers, hedge funds - are perfectly happy to destroy what they're in and come out with huge, tremendous benefits. That's a new stage of capitalism.
Noam Chomsky