There 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.

My memory - faded, as I say - is that Paul Johnson was trying to vilify all intellectuals who were at all critical of the states he worships, and of power generally (except, of course, the power of enemies, which we must denounce, imitating the commissars who are his models, though he doesn't understand it).

Nobody can successfully defy the master of the hemisphere [America], in fact of the world, hence the savagery.

Stock ownership in the US is very highly concentrated. [Shareholder actions are] something, but it's like the old Communist Party in the USSR, it would be nice to see more protest inside the Communist Party but it's not democracy. It's not going to happen. [Shareholder actions] are a good step, but they're mostly symbolic.

I think such an inquiry will reveal a rather different picture: namely, it will reveal a very strong tendency for the intellectuals who are respected and privileged to be those who subordinate themselves to power.

As long as people are marginalized and distracted [they] have no way to organize or articulate their sentiments, or even know that others have these sentiments. People assume that they are the only people with a crazy idea in their heads. They never hear it from anywhere else. Nobody's supposed to think that. ... Since there's no way to get together with other people who share or reinforce that view and help you articulate it, you feel like an oddity, an oddball. So you just stay on the side and you don't pay any attention to what's going on. You look at something else, like the Superbowl.

The U.S. is different from Europe and other industrial countries.