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.
Noam ChomskyTo go back to a moment of Western civilization remote enough in time so that we should be able to look at it dispassionately, ask what happened during World War I. What was the typical behavior of respected intellectuals in Germany, England, the United States? What happened to those who publicly questioned the nobility of the war effort, on both sides? I do not think the answers are untypical.
Noam ChomskyI really suggest listening to talk radio. I mean, if you just listen to what the talk hosts are saying, they sound like they are lunatics.
Noam ChomskyThe House of Representatives, which was closer to the population, had much less power. The executive was more or less an administrator, not an emperor like today.
Noam ChomskyRight now, where do we stand? Well right at the Russian border, both sides have been taking provocative actions, both sides are building up military forces. NATO forces are carrying out maneuvers hundreds of yards from the Russian border, the Russian jets are buzzing American jets. Anything could blow up in a minute.
Noam Chomsky