Noam Chomsky (2014) "How to Ruin an Economy; Some Simple Ways"

[@ufodeath]

Chomsky, don't die yet, we need you for at least another century if not longer.

[@ufodeath]

TOTAL FREEDOM i'm flattered by your comments. Chomsky with a strong revolutionary touch :D.

[@AizwellOfficial]

Sokami Mashibe From what i know about Chomsky, i assume that he would say ... who am i kidding, i don't know what he would say...

[@lorenzomcnally6629]

There is no greater example of a Marxist sociopath Narcissist than Noam Chomsky. He predicted EXACTLY this same end of the World garbage on Ronald Reagan and the Republican Party. Absolutely the biggest blowhard for Socialism, a massive De Constructionist with severe nihilistic tendencies, a classic Maoist semantic, mesermizing millions into a Stockholm Syndrome of imminent capitalist and always environmental disaster. Pick up any fugue state dialectical mass murder tome of Noam Chomsky and go to the bibliography and notes. Witness the endless page after page quotes of his very own previous words and books as if source and corobboration are one and the same, himself. Him and Joseph Campbell are next to the $1 Billion CITIZENS UNITED BANKSTER "library" man, Barak Obama, the biggest semi Faust intellectual snake oil vipers for $ dollars, since the Marxist Pablo Picasso with his pockets stuffed with ENDLESS $100 bills from evil capitalist art millionaires.

[@lorenzomcnally6629]

first say or ask an intelligent question not personal lest you trip on your own arse I believe I was elucidating on the sociopath Noam Chomsky

[@nassimfathallah1608]

..Please do not worry that much, just look at his predecessors, Moses,Jesus, Mohammad, they're never dead, for their Gospels still among us , and his..will..too ! And remember, we're all transiting through this blue planet (if we keep it blue)???

[@tomstrutt6754]

The key points here are: 1) that the economic system is fundamentally designed to create massive wealth transfer from the hands of those who create it,(i.e., you and I who go to work, contribute to the economy) into the hands of the money manipulators and, 2) that, because they are rich enough to own governments, it is they who make the policies which facilitate the swindle. There will be no solution through the government.

[@geraldbennett7035]

Its called get off your ass and improve yourself

[@mattm543]

@@geraldbennett7035 nice counter argument

[@stumcfadzen5645]

Yeah? And what are you going to do about it? Talk is cheap. Give me a solution. What can we do?

[@kkounal974]

@@mck1972 Calling someone with a net worth of 2 million a multi-millionaire is a bit purposely deceiving in my opinion but ok.

[@kkounal974]

@@jamesandrew1750 This is dumb because it assumes no pre-existing inequalities that greatly influenced who owns and doesn't own a business, it assumes the business is actually competitive, profitable and contributes value to society, not just a monopoly, bailed out, buying its own stocks to inflate its market value, lobbying to prevent regulation of inelastic markets like with the medicine sector, or just superficial, full of "bullshit jobs". You also don't address the argument made by the comment ultimately, you just say you disagree.

[@nasnus999]

Professor Noam Chomsky is one of the greatest minds of our time. He is very knowledgeable, too honest and he has dedicated his life to humanity and social justice and a fair world for all. Thanks for posting this great lecture.

[@NellieKAdaba]

Yes, I love him for a long time, I need to buy his publications.

[@johnnonamegibbon3580]

Nellie K. Adaba Me too. I read a lot of his speeches and lectures online and watch them when possible, but I really need to read more of his books!

[@nasnus999]

.

[@nasnus999]

John NoNameGibbon Wouldn't it be wonderful if we could see more interviews from Professor Chomsky on the BBC or CNN, etc. If anybody deserve any honors, it is professor Chomsky. He speaks for and he is in the heart of millions of justice loving people.

[@johnnonamegibbon3580]

nasnus999 lol If only..

[@anastasiakatsouda7946]

I 'm sharing his views with those who can watch and understand the video.

[@marialampraki1143]

Εχω παρακολουθήσει βιντεο με ομιλίες του, ενδιαφέροντα τα λεγόμενα του.Καλησπέρα, Αναστασία!!

[@subversivelysurreal3645]

Anastasia Katsouda : Share it with Everyone! I was in a #CoffeeShop, and I heard a very young woman talking...I told her about him. Ten years later, I visited this town, and a beautiful woman embraced and Thanked me!! She was so Happy, she was so incredibly grateful that I had taken the time ( nothing! ) to tell her about him!❤️ ...who knows how many lives she’s impacted in a Positive way, by now...?! #SpreadTheBadTruth but #TheBeautifulWord! 🌹✊🏾🌍

[@dpersonal4187]

@@marialampraki1143 Chomsky is a Zionist malaka.

[@TheCrusaderRabbits]

Shake your own hand on that one.

[@thorkelson]

Sadly only 0.01% of americans listen to him and not a single american politician would even allow themselves to appear in the same photograph as him

[@sungerbob1786]

are you american?

[@lorenzomcnally6629]

There is no greater example of a Marxist sociopath Narcissist than Noam Chomsky. He predicted EXACTLY this same end of the World garbage on Ronald Reagan and the Republican Party. Absolutely the biggest blowhard for Socialism, a massive De Constructionist with severe nihilistic tendencies, a classic Maoist semantic, mesermizing millions into a Stockholm Syndrome of imminent capitalist and always environmental disaster.

[@RealPi]

Lorenzo McNally Yes, we heard you the first time, stop repeating yourself.

[@lorenzomcnally6629]

As long as Chomsky repeats AND quotes himself, I will be right there repeating the truth about the greatest left wing academic imposter of the 20th Century. The monotone sociopath of pure socialist satanic evil repeated over and over Noam Chomsky and the deconstructionist fraud Joseph Cambell and the Citizens United flunky, the ultimate affirmative action $ 1 billion 'library' man the $67 trillion in worldwide robo signed low income FHFA/FDIC mortgage SWAPS billionaire BANKSTER's best friend for all eternity, Barak Obama. The Obama Nation. History will not be kind to him.

[@lordblazer]

@@mck1972 or you're a moron.

[@tiffsaver]

Another beautifully worded and understated exploration of the condition of the world today. Chomsky is a treasure to mankind.

[@tiffsaver]

***** How the fuck should I know???

[@tiffsaver]

***** What an incredibly INTELLIGENT person you are!

[@tiffsaver]

+Blaine Rouault There's a commie under every rock, eh?

[@pullingthestringz]

+Blaine Rouault He is actually rather anti Lenin

[@VedantaSutra]

+tiffsaver A treasure to mankind? LMAOOOOOO!

[@PiotrSupski]

This is probably the wisest man I know in my infosphere.

[@GTEN]

Not much presented here in the way of solutions to our economic mess, but if you're not aware or convinced of the systemic problems, Professor Chomsky is happy to explain some highlights to you.

[@Locopecuniainc]

What I’m about to tell you is not my own opinion or even analysis. It’s original data that comes from the United States Federal Reserve and national credit bureaus. 40 million Americans are now in debt because of their university education, and on average borrowers have four loans with a total balance of $29,000. According to the Fed, “Student loans have the highest delinquency rate of any form of household credit, having surpassed credit cards in 2012.” Since 2010, student debt has been the second largest category of personal debt, just after a home mortgage. The delinquency rate for student loans is now hovering near an all-time high since they started collecting data 12 years ago. Only 37% of total students loan balances are currently in repayment and not delinquent.

[@GTEN]

***** Well, education debt, like most debt, is attached to the legal fiction, the juristic person identified in all capital letters. It's not you. One option is to just dispense with that legal fiction and learn to operate without it. There are many reasons for and advantages in doing so. We teach how on our channel and website GTEN.org if you're interested.

[@DaveE99]

@@Locopecuniainc debt is an alternative to violence as far as control goes, and a burnout society is done one purpose

[@VelhaGuardaTricolor]

So simple and yet so well kept from the public eye by the "FREE PRESS".

[@ketsan]

KZbin is the public eye..........

[@djcarrier13]

AJ Liebling 1904-1963 once said "freedom of the press is only guaranteed to those who own one". I think it's safe to assume he was correct !!

[@stumcfadzen5645]

"They don't have to burn the books they just remove them".

[@poeglives]

Canada's mining policies are dictated by the USA. Same as gas and oil. Any here believe Canadians want to sell America oil at a permanent discount of 30% below world market price and buy it back at full price? Export the same in natural gas and buy it back at full price sounds like a Canadian thing? If Canada stopped exporting energy and shrank its efforts in order to minimize impact on the environment, the US military would be here within the hour.

[@joelblackman2295]

Settle down now. Don’t make us come up there.

[@andrewstat6764]

We don't need any more publicity eh....shhh, don't let them know how we really feel up here in our igloos. Ffs, we just legalized scissors.

[@James-cb7nb]

Keystone pipeline refutes this

[@MikeYavelly]

Thanks for uploading this and for keeping it ad-free. Ads are a form of human trafficking. "If this technology were not used in the way it is now used, for war and for wasteful activities, people could work three or four hours a day and produce enough to take care of any needs. So it would be a world in which people had more time for music and sports and literature and just living in a human way with others." Howard Zinn, shared at banksneedboundaries

[@lysol5555]

It is not the critics who count, not the man who points out where the strong man stumble, or where the doers of great deeds could have done them better.

[@syourke3]

***** TR was a war mongering racist imperialist but, hey, no one is perfect. But remember that it there was a vibrant populist movement in the 1890s and early 1900s that had a lot to do with the sorts of reforms that the government instituted during those years. But since Reagen, the Sherman Antitrust Act is a dead letter - the corporations own the state outright today. See Sheldon Wollen's "Democracy Incorporated"

[@syourke3]

***** To be frank, I do not regard present-day American society as "great" at all. In fact, I regard it as a very sick society in many ways. It is grossly unfair, exploitive, violent and militaristic. The populist movement of the TR era ultimately failed in its battle against the bankers and the corporations - and we see the end results today. Our society is owned and run by Wall Street interests. Of course, I do not blame TR for this sorry state of affairs although I do think that the "big stick" gunboat diplomacy that he personified is profoundly anti-democratic and has made the U S hated and feared by most people around the world.

[@syourke3]

***** I think there is a direct causal relationship between western imperialism and the miserable conditions seen in India and other third world countries. To say that Americans are not as bad as Islamic fundamentalists is really very debatable - they have not invaded and occupied the U S - it is the U S that has invaded and occupied the Islamic countires. Of course, I oppose theocracy in all its forms, but the U S supports a racist theocracy called Israel that is far more dangerous to world peace than Iran or the Taliban. The US supports the most brutal and corrupt dictators in the world - always in the name of fighting Communism or "terrorism" - and has done so for many years, all in the interests of American corporations and banks. This imperialism has fostered an enormous military expenditure and bankrupted the country and destroyed democracy both here and abroad.

[@kathiebishop1]

Great post. I think you are right on at every point. NATO is a ground force helping to open counties to exploration. Have you ever read Confessions of an Economic Hitman?

[@syourke3]

I did look at the book some time ago and I have heard the author interviewed on radio. He bascially confirms what I always suspected. Chomsky is my all time favorite on American foreign policy and he did a book with Edward Herman many years ago that drew a very significant correlation between American foreign aid and third world fascism. When the Godfather does a favor, he expects something in return.

[@TheKnabedogg]

I wish we had leaders like Mr. Chomsky. He gives me hope.

[@6ch6ris6]

he is an anarchist. he sure doesnt want to lead but people to participate in real democracy

[@ITA-LYfe]

@@6ch6ris6 I was gonna write exactly this - he's so wonderful BECAUSE he has no will to submit others

[@mck1972]

Yes so instead Chomsky has spent his life merely complaining from the sidelines about fields that he has never had the guts to actually work in, nor ever accept responsibility for, himself, and all with the luxury of Hindsight, and has become a multi-millionaire himself in the process! What Courage and Wisdom and Dedication to helping others! :-D

[@aliceinwonder8978]

​@@mck1972youre ignorant. He has been an anti war organizer at protests for decades... since Vietnam

[@mck1972]

@aliceinwonder8978 , LOL A lot of people have protested against war, but that does not mean they actually,,' organized ', anything, or had any real impact on Policy! Chomsky sure didn't-Besides all the money he's made complaining from the sidelines! This is the reality about Chomsky! Are you yourself too, ' ignorant ', to see this reality? :-D :-D :-D

[@tuncalikutukcuoglu8800]

At 14:00 undermining the positive features of the market (e.g. deluding consumers by advertisement), amplifying negative features of market (e.g. ignoring externalities), destruction of commons by privatisation, destruction of future by the richest...

[@pjamesbda]

Very interesting about Detroit... 23:22 'sanctity of contract' applies only in cases in which the breach of said contract would result in the financial demise of the 'too big to fail', not the peasants. To honor a debt among the usury sector is the first law of business. The second is the escape clause.

[@65minimom]

Chomshky is not just brilliant intellectual, he's pragmatic. This was taped 5yrs ago, right then & right now.

[@eddievangundy4510]

When you wrote your note is exactly when wages at the low end were starting to go up after a decade stagnation. They want up without inflation. Under President Donald Trump.

[@santosavini]

Chomsky is a genius. If you think he is attacking any culture or religion you clearly have hate inside of you towards some group of people, because he's clearly trying to be as objective as possible. If you can't see this... try harder, let go of the hate.

[@santosavini]

+Blaine Rouault And what's the problem? From my perspective he's not being irrational, he's being realistic. You think that he has "zero real world knowledge", but what you are actually saying is "we just won't change, humans are bad, so we should discard his ideas", you are basically giving up. I doubt Chomsky thinks he can make these changes from one day to another (and he alone is not to make them), be he exposes the ideas, and those who can't understand him (yet or maybe never) will think he's talking nonsense. The problem is that sadly, his ideas are too advanced for the average person, so we will have to do our best to try to leave this Earth a better place for future human beings, which will still be able to suffer as we do even if we are dead. He can keep reciting every philosopher word for word, for all I care he's inspiring people and hopefully making some individuals change their mind and view towards more altruistic ones.

[@aaronward9318]

+Blaine Rouault You're wrong there. Chomsky has heavily criticized Bolshevism and the vanguardism of Lenin.

[@allgoo1964]

+Blaine Rouault says: "But he is such a bolshevik, this guy would've been shoulder to shoulder with Lenin and Marx." == Similarity between Chomsky and Marx ends with a view that the capitalism doesn't work on its raw form. After that, possibility of the solution can be in hundred different ways. Marx made one suggestion to olve the problem which what we call communism. Chomsky hasn't made any suggestion. How can they be shoulder to shoulder? Why do you think there are only two ways to choose from and those two ways have to stick to their own way as if there are god given text books? Is there anything wrong with keep adjusting as we go as we see the problems?

[@backwhenarmyoftwofirstcame2873]

yep that's why he called Obama an evil murderer with no basis in fact

[@xasm83]

comparing Brazil to Guatemala - this man is genius, not in economy of course but in manipulative skills

[@kinngrimm]

I guess you could say there are at least 3 different types of battlefields when you would want to center a theory around capitalism: 1) nations vs nations Backed by the rich and imprinted with their goals like getting certain ressources. 2) rich vs rich To take over market shares 3) rich vs poor to become more efficient , therefor have more funds available for other purposes All 3 are happening at the same time and you would think that the state would be the natural ally to the poor ^^, but i guess getting deals from lobbyists is more pleasing then the option to be overthrown would be scary.

[@eddiemaxblack]

Roughly 50 percent of the populace live in poverty. As Chomsky has often noted: that staggering income growth has gone to a tiny fraction of the population. Namely the: 1 percent of the 1 percent. I mean, it's true the economy has been structured/molded/designed to serve the super-rich. It's a democracy; it's called: a neo-democracy. Neo-liberalism is a system designed to serve the interests of a tiny fraction of the population. Namely, again, the super-rich.

[@BuddyNovinski]

It's an enlightening lecture, adding to what I've already known of Reaganomics.

[@bartlesandjames612]

***** Most of the wealth in this country is inherited wealth. Nothing to do with being industrious.

[@geraldbennett7035]

yes. Those who prefer not to contribute should not, must not get anything from the economy

[@Johnsmith99663]

Why does he say that economic inflation is a "non-issue"? Even if my income always remained steady with inflation, I don't wanna live in a world where I'm paying $12 for a loaf of bread.

[@danosqu]

The US needs laws to limit political campaign spending.

[@russ1618]

The US needs to abandon elections in favor of sortition.

[@williamsmith-wn2bp]

How about limit the power of government.

[@russ1618]

That too.

[@devourerofbabies]

william smith Government power is already limited, and what little it retains is severely hamstrung. This idea that government is the problem is silly.

[@devourerofbabies]

***** _One hundred thousand signatures on a petition means they have to look at it._ Sure. They will look at it and then proceed to wipe their ass with it. Just looking at it is meaningless.

[@tehArgento]

I don't know why he thinks that he could talk about how an economy should be managed when he clearly doesn't understand it, the atrocities that he says are astounding. He should just stick with linguistics.

[@mck1972]

You are speaking sacrilege! Noam Chomsky has been a Linguistics Professor for decades! WHO ELSE could possibly be better qualified to judge other areas such as Business, Finance, Law, or Economics-Right??? :-D

[@patrickaucoin2344]

@@mck1972 Great philosophers can chew gum And study the pressing issues of the day. Chomsky is one, of course those who are "sold" on business as usual, cannot fathom the benefits of looking for answers to present delemas. Happy Birthday Noam! 91 today!!!!!🎉🎉🎉

[@mck1972]

@@patrickaucoin2344 , People who actually know what they are talking about do more than, ' study '; they get involved in the Policy Making Process Themselves, and accept responsibility for the outcomes! Instead of merely criticize everyone else from the sidelines, with the great luxury of exploiting 20/20 Hindsight, which is what Chomsky has been doing his entire career!

[@kmvenezia4337]

While I like Noam, the time for talk is over. We are just talking ourselves andour children and grandchildren into total poverty. Revolution is overdue!

[@rolandhawken6628]

+k m venezia Revolution is over due ? tell me one revolution where the people were better of after the revolution, or where the revolution actually changed anything.

[@kmvenezia4337]

+Roland Hawken That's a loaded question, it depends who you are. French, Cuba. Many people are better off with Castro, don't blame Castro bc the US decided to Isolate Cuba, that's why most of the hardships occured. Even the French revolution many people were better off. Of course if your a rich greedy robber baron capitalist, you may not agree. We can agree to disagree, and I respect your right to do so

[@rolandhawken6628]

+k m venezia Interesting you mention the french rev ,because it in real terms changed nothing for the man in the street he just swapped one tyrant for another . all the lands owned by the aristocracy were reinstated after the reign of terror ended ,and if for one moment you think that the majority of people guillotined were the ruling class you would be wrong in that rev everyone became an enemy of the state, they were left with a bureaucratic state that persists to this day . The better reforms were made by old boney. I speak and read French if you look into it you will be surprised how it changed nothing ." The more things change the more they stay the same ,is an old saying born after the French rev . I agree about the Cuban rev difficult to evaluate because of the USA sanctions.After the American rev they were still stuck with the banking system ,which contrary to popular belief is what caused it ,not all the freedom BS ..

[@ps3shakes123]

+Roland Hawken France , Cuba, The American Revolution.. first three that come to mind.

[@ps3shakes123]

+ps3shakes123 Just noticed k m's response...sorry for being repetitive.

[@amulyamishra5745]

There should be a seperate video on "Pre requisite knowledge to understand Chomsky"

[@mck1972]

There should actually be prerequisites for Chomsky: Real World Experience in any field he discusses-Instead of just reciting selected facts & figures about it with the luxury of Hindsight! But of course that would mean Chomsky would not be able to discuss any field outside Linguistics! If only we were so lucky...SMH

[@amulyamishra5745]

@@mck1972 Thanks ! Perhaps it's his monotonous voice which makes me lose track

[@blogobre]

Awesome, he's still alive ;)

[@mikecimerian6913]

Thanks for the upload.

[@rgaleny]

By "Liberal Period" He means from Reagan onward. An out of control financial sector.

[@mikeisapro]

Neoliberal period* Neoliberal=mass deregulation and tax cuts for corporations and tax cuts for the rich. Started in the 70s, but _really_ took off with Reagan, and has been continued by every president since.

[@baasmans]

Spider wasps are idiobiont ectoparasitoids; their larvae do NOT eat a spider from the inside, rather from the outside. A better analogy would be an ichneumon wasp for example, which is a koinobiont endoparasitoid; their larvae feed inside the host, while the host (a caterpillar for example) continues basically with business as usual until the larvae pupate and the host eventually dies a gruesome death.

[@mathieuvanleeuwen7127]

really?

[@LiradeTerpsichore]

Who, should be the first and most important question

[@jasrajsinghbhinder5033]

He was born is 1928!! So he saw (well sort of) both the most and the 2nd most devasting economic crises of the world!!

[@mck1972]

So if someone saw every World Series since 1928-Yet never actually set foot on a diamond themselves-Then does that make them qualified to coach a Major League Baseball team? 😀

[@BobSmithRealtors]

Anyone who believes Noam Chomsky's nonsense really needs to read "Basic Economics: A common Sense Guide to the Economy" by Thomas Sowell. The book is now in its fifth edition and has been translated into six languages.

[@vertigoz]

Why should one accept one and not another?

[@benzynowypiotrek]

supply side economics is a debunked lie, good luck selling this bullcrap to others

[@Asmodeus555]

"... If the economy were designed to serve human needs" Discuss.

[@ufodeath]

Asmodeus555 In other words, the economy only works rationally for those who control it. If the economy is controlled by a minority of people, then they will operate it according to their interest even if it is terribly inefficient or has terrible consequences for everyone else. If the economy and all of its productive assets is controlled by the workers and people from the bottom up, then the economy can therefore operate rationally for as many people as possible.

[@Alfie-ni7lx]

@@ufodeath That's the rational of free market economies but some people don't quite understand it.

[@pocketsand5216]

@@Alfie-ni7lx The market can easily be manipulated by that small minority, particularly under capitalism, in which the private sector remains a minority by being exclusive, and paves the way for commercialism and corporatism

[@Cd5ssmffan]

​@@pocketsand5216 all which are good things. these are forms of social darwinism. the more undesirables go bankrupt, starve, get sick and die, the better it will be in the long run for the economy.

[@pocketsand5216]

@@Cd5ssmffan Social darwinism is an oxymoron. The entire point of society is to not rely on Natural Selection.

[@HAYGURLHAY20]

He's the grandfather I never had

[@lightwishatnight]

I wish Noam would use a microphone more often. He always has interesting thoughts that can be barely understood, for he mumbled a lot and speaks in a quiet, monotone manner. Is like having a source of fresh water for the thirsty, that flows a small droplet of precious liquid at a time. Anxiety inducing. Noam is one of the great philosophers of our current generation. Cheers.

[@cgab12]

How to ruin an economy-create a global pandemic...

[@DowntownCanon]

Just like I wish I magically knew karate with having to learn it, it would be cool to know everything about everything like Chomsky.

[@oceanstarlake]

what the fuck does karate have to do with R&D, risks, losses, nanny state, government insurance policies, ignoring destruction of the commons- the tragedy of the commons" Privatization.. environmental catastrophe..informed and rational people can see the drive for short term profits are an externality being ignored. I mean you fucking shits with your fragile male egos. I am not sure what your fucking issue is.Like what is missing in your pea sized brains? Inability to listen and learn?

[@mck1972]

@@oceanstarlake , I think the point DowntownCanon is (correctly) making is that just because Chomsky can recite data about such fields as the economy, does not mean he genuinely understands it! Anymore than if Chomsky recited data about karate, that by itself would not make him a black belt!

[@Lengfs]

Thanks for posting this Leigh

[@maireid]

Excerpts: 16:35 If you take a look at the facts the opposite is usually true. It's privatising that destroys the commons, and for good reasons, and we should be aware of it today. The most significant case of destroying the commons is environmental catastrophe. Informed and rational people can hardly ignore the fact that the drive for short-term profits is leading directly to severe economic threats... 17:50 There are some who are trying to impede the threat of environmental catastrophe. In the forefront of the struggle to overcome the threat are those who we call primitive. The first nations, indigenous people, tribal communities all over the world. Leasing the race to disaster are the richest and most powerful countries in the world, the one that have unique advantages, primarily the United States and Canada. Canada in particular has become the scourge of the world with it's activities ranging from tar sands to mining activities that are destroying much of the world.

[@nthperson]

Yes. We are engaged in the struggle for the very survival of the planet's life-support systems. This is occurring in spite of every effort by concerned citizens to change the course of our history. I have come to understand that the only real chance of turning things around is to change the way government raises its revenue, to adopt the policy of public collection of the rent of land as supported by a long list of serous thinkers going back to Adam Smith and Thomas Paine. What the Law of the Sea Treaty attempted to achieve (i.e., the sharing of resource rents derived from exploitation of the oceans) a tax on the rent of land would do for the people in every nation.

[@maxgatica5736]

Income inequality, wealth inequality, poverty, homelessness, education, infrastructure, health care, social services, global warming just to name a few.

[@dontbelivewhatyourea]

As usual, spot on! Thank you, Leigha Cohen for posting this. :-)

[@Sundrumify]

Thank YOU so much for alerting me. Just faved and play listed. Have a good weekend, Lisa

[@InfintumMutnifni]

I LOVE YOU NOAM

[@Jamesrjs]

Thanks for posting this Leigha.

[@awhodothey]

"The richest and most powerful society in history, one with incomparable advantages." In light of Chomsky's repeated appeals for the US to reform itself to the likes of Venezuela I have two questions that highlight the mistakes of Marxist inspired critiques: 1) How did the United States become so rich and powerful? It doesn't have the most valuable resources. It never had the most slaves. What gave the US incomparable advantages over Brazil, Russia or China- countries with greater resources and oppression that have always been comparatively impoverished? 2) How could the heightened inequality and, more importantly, economically destructive social division stem from an increase in capitalism when the United States is definitively less capitalist than it has ever been? I know, i know... tax rates are lower for the rich than they were in 1960... but the US economy is now far more socialized than it was then, and by what measure could it possibly be more capitalist than the 150 years prior to that which produced the wealth, without which there could be no inequality? The myths that capitalism or socialism are inherently problematic are the root of left and right wing extremists inability to predict the failure of Venezuela and the success of Sweden.

[@annhere]

I am always inspired by Professor Chomsky but many of his talks are given with poor sound quality systems. Thankfully, this lecture was clear and I was able to listen to the end.

[@neptunesdreams]

There is only one way to solve the word's economic problems. It's by instituting an Unconditional Basic Income funded by a Financial Transaction Tax. A UBI is much simpler and more efficient than manipulating banks and corporations to try to create jobs (an economic ideology that has proven itself futile). An Unconditional Basic Income is an adequate amount of basic income that gets automatically deposited into everyone's bank account every month (roughly the equivalent of a US $10 per hour job). The same amount to everyone, rich or poor, working or not. The simplicity of the idea is it's beauty. It raises the base level of people to eliminate poverty and avert violent revolution. Wherever a UBI has been tried, people worked more, not less, and started small businesses. That's because the money was adequate enough that they didn't need to go into debt to the banks to ask for a startup loan. Wherever an ADEQUATE UBI was tried, crime decreased and health care costs went down and the overall economy improved.The reason an Unconditional Basic Income is different than a minimum wage (or overtime) is because employers do not pay for a UBI. It would be funded by a Financial Transaction Tax which is a tiny percentage taken off every stock market transaction. That way employers won't raise prices and decrease jobs. In fact, a UBI would create MORE jobs because there would be more people buying products. Business would increase! Instant stimulation WITHOUT government intervention! Because there is NO MEANS TESTING, no extra bureaucracy would be needed. It could be run by one computer that deposits money into EVERYONE'S bank account automatically. We have many unpaid workers in our society. Volunteers, artists, musicians, homemakers, grandmothers, etc. It's now time that they were valued monetarily by society. It's time for REAL change - an Unconditional Basic Income! But politicians won't do anything this radically positive without a grassroots uprising from the people DEMANDING a UBI. So tell your friends and help make the UBI go viral!

[@HaveYouSeenMyGardens]

Just curious, not that I disagree, but what were the examples where this idea has been implemented?

[@neptunesdreams]

Troy Maynes Some of them are: Dauphin, Manitoba, Canada's "Mincome" experiment and in Omitara, Namibia. In both of these, crime decreased, health care costs went down, and the overall economy improved. Also, two basic income pilot projects have been underway in India since January 2011 resulting in better food, better healthcare, better children's school performance, a tripling of personal savings and a doubling of new business startups, all leaving the overall economy much healthier than before the UBI. Further research has also been done by BIEN, the Basic Income Earth Network and other groups.

[@neptunesdreams]

geheimschriver What you are talking about is not an Unconditional Basic Income. A UBI bails out people directly, it doesn't bail out banks. A UBI is a DIRECT basic income deposited into every person's bank account monthly. There are no bank bailouts in between. The idea is that we give those trillions DIRECTLY to the people, cutting out the "middle man" altogether. Those trillions of dollars would then end up in local communities instead of in offshore tax havens. As far as I know, this has NEVER been tried in the E.U.

[@neptunesdreams]

geheimschriver Oh, sorry, I thought you meant the UBI. As far as the FTT goes, I agree with you that the money is not helping the average citizen. Yet economists seem to cling to the old model of assisting banks and corporations and hoping that trickles down into jobs. It doesn't and it never will. Banks and corps exist to make profit, not jobs. Yet governments keep trying the same thing over, and over, and over, and . . . The definition of insanity is "doing the same thing over and over again and expecting different results". We should divert the FTT directly to the people as an Unconditional Basic Income.

[@Cryofax]

neptunesdreams I first heard of this concept from Milton Friedman, who said it would be more efficient to eliminate all social programs and just pay everyone some base income. Another interesting idea is the negative income tax, which pays people below a certain level. The difference being you get progressively a bit less up until you hit the "baseline" then you pay taxes instead. We have SOME of this idea implemented in various tax credits but that's more complex than it should be.

[@dorothydjcox707]

Having read TPP, it's a disaster for the working class.

[@TheRealHucasys]

Can't help to always wonder who are the creeps who downvote stuff like this.

[@ThatsMrPencilneck2U]

+TheRealHucasys You're right. We should only listen to paid commercial analysis.

[@AnthonyTolhurst-dw1nc]

Probably the.1 of the 1% who are getting wealthier on the destruction of the worker’s paradise (once)

[@AnthonyTolhurst-dw1nc]

And stupid ignorant cunts

[@jamiesimms7084]

Then you bump into ignorant people who stereotype people and have over the top strong views and you realise oh dear!

[@pjamesbda]

Recently, on NPR I heard a program about a woman entomologist who specialized in crickets. She found that the male cricket is the only one that actually chirps. A terminology that isn't at all accurate as the sound is made by rubbing one wing, which has a comb like configuration against the other, which has a hardened surface to "pluck" the comb. This creates what sounds like a repetitious drone of one continuous string of identical chirps. But this is only the human ear's inability to differentiate a distinct pattern, that the female cricket can readily identify. When the chirp is recorded and slowed down, there are actually numerous pulses, usually from 8 to 12 in different patterns. These patterns allow them to be identify by the species and allows the females to locate the males. As if this wasn't enough, the study revealed a species of cricket on Kauai, Hawaii, in which certain male crickets have no comb at all, and therefore cannot chirp. Further investigation revealed that this anomaly occurred because of a natural predator, maggots. These maggots are planted by flies onto the back of chirping crickets and burrow into it, erupting in about a week which kills the unfortunate cricket. As the maggot bearing flies are attracted to the crickets by their chirp, the males simply mutated the chirping comb, to avoid falling prey to attracting maggot bearing flies. The amazing part is, the mutation has taken place in only a few years. The question obviously arises; how would these silent males attract a mate? And the answer is they hang out with the chirping crickets, without the risk of being attacked by maggots, until a date shows up. It turns out the females don't really care about the chirp, except as a way to find the males. As the absence of the chirping comb is genetic, the male offspring have no combs either, so the ratio of chirping males to silent ones has fallen dramatically.

[@santosavini]

pjamesbda Well, that's very similar to the case of the cuttlefish. There exists alpha male cuttlefishes, which are big and deadly (they kill each other for the female), and then the beta male I guess, which are smaller but can mimic the female cuttlefish. Passing as a female they get under the protection of the alpha male, and while the alpha male is distracted, this smaller imitating male deposits its sacks of sperm in the female's reproductive system. The female has the ability to distinguish both kinds of sperms (from the alpha and beta) and select which to use. Surprisingly, a large number of females choose the smaller smarter cuttlefish, for its intelligence. There are some interesting documentaries about it.

[@pjamesbda]

Santiago Carbajo Thank you. I vaguely remember this, and you are absolutely correct. For me, both instances beg the question; If a creature that is not as "superior" in intelligence as we consider ourselves, can mutate their natural instincts to achieve an end, would it not be possible for us to do the same with these instincts at a root level? I believe the answer is yes. And just as the Alpha cuttlefish and crickets struggle for dominance that ultimately destroys and eludes them, there exists those mutated ones who have risen beyond the struggle to an existence of dominance, to one of fulfillment. What a superb universe we live in. That there is this reality.

[@santosavini]

pjamesbda Well, that's a very intricate problem. Humans are very different from other animals for the fact of self-awareness. These animals don't rationalize what they are doing as we do. Those behaviours are the result of trial and error, mere evolution. We, as rational and self-aware species, know how we work, at least on a basic level. That means that you can choose not to follow your instincts, as for example, not reproducing. I don't know if it'd be applicable to us what happens to other species as our social system can be considered as a pattern for selectivity. For example, most of us wouldn't reproduce with a rapist or child abuser because it pose a threat for everyone and it's perceived as disgusting by society. Those morals, as we already know, are constructed based on what's good for a group as a whole. And here's the catch: as Richard Dawkins described in "The Selfish Gene", there's two kinds of individuals, selfish and "altruist". Even though every genetic machine looks for it's own prosperity there's two ways of achieving that prosperity; you cooperate with others and everyone gets to prosper or you "use" others for your own benefit independently of their future. He also claims that selfish specimens tend to reproduce faster in the short term, but on the long run their population diminishes. So, what I believe is that this principle is very applicable to human beings and depends directly on the "intelligence" or "capability" of being interested in the matter or understanding it at least. So for a moment, imagine that every one of this persons who accept bribes and condemn a population in exchange for their subsistence or thirst of power, is one of this specimens, the "selfish" ones. Then everything is quite clear. From my personal point of view, I have experienced that these two types are very distinguishable in an every day basis. It makes me really sad, because nowadays I believe they are the majority. But as we can see in other species, independently of the mechanism of reproduction, the tendency is to cooperate and thrive as a whole (ants or bees for example). I believe we will overcome this problems with time and education. If there's people like us or like Chomsky who debates without insulting and trying to be as objective as possible, then that's evidence enough that the mentality is changing. If we compare our times with what they were 500 years ago, or 150 years ago, we can see great social evolution but I'm not saying everything is great, we still have a long road to walk, but at least we can be sure that there's people trying to find a better system for us all, including us with our daily "revolutions".

[@pjamesbda]

Santiago, Working backward through your comment; the "revolutions" that you reference as "daily are, none the less tangible things with real ramifications. And as is often the case most people wish to trivialize this. It is good to see you haven't. Consciousness moves mountains too. And even though there is a frantic self preservation dynamic that prevails over our society - from this "selfish gene" syndrome, the "altruist", it is encouraging to see, is alive and well. What we give consciousness to grows, and will ultimately come to largely replace the former - (not remove). In this particular cycle, until we discover that although we are a mere bacteria on the underside of the lavatory of this universe, we are as much a part of it as anything else, and just as dynamic. Certainly encouraging to find your comments.

[@santosavini]

pjamesbda Exactly. You can't just ignore a thought. If it exist, it means there has to be more than one person having it, probabilistically speaking (an idealistic meme if you will). Even though it's really hard to encounter people who have already thought this by their own, I have found some (I studied in France for a semester and met lots of people from different cultures, as well as foreigners that I've met in my country, Argentina, through exchange programs), and it gives me hope. I also found to have made people question their thoughts, but this point is arguable as I cannot assume that my ideals are flawless, but at least I have auto-critical thinking. But what really bugs my mind is my denial of self-preservation, and this is something I should analyse in depth. Most people is surprised when I tell them I'm not interested in having children, but because I have rationalized that there's no real need to preserve. These problems, of reproduction and monogamy, are imposed by retrograde religious beliefs and capitalistic ideals in order to exploit the "love" market, among other social collective unconsciousness of society, using human residual genetic responses. I'll wrap it up so I don't extend too much; the economic and religious system is clearly controlling people through the fear of self-preservation and comfort. Most of the evidence is mentioned by Chomsky in this talk.

[@mantonio121773]

Title should include ", Society" after "Economy"

[@rgaleny]

If you run Westinghouse 350 MW dynamos in series, off each other, then you can generate all the electricity you want.

[@chriscorcoran4839]

A brilliant speaker and a superb teacher.

[@a.comment5900]

Point the finger at the greedy??? Yet how many people live beyond their needs on this planet: millions, probably billions! Many complain but how many really really want to give up their conveniences? Death by convenience. If there was greater equality of power, would humans give up their conveniences? Biodiversity would be far greater without humans on the earth. Human exceptionalism is all most thinkers and activists ever talk about. Non humans never consented to their home (earth) being destroyed or consented to being the property of humans but I don't hear this 'convenience' being debated by the likes of Chomsky!!!

[@eliotmiailhe2604]

Intellectual property and patents are essential in incentivizing R&D.

[@paolofernandocaragancolabr1385]

thank you very much for sharing this lecture!

[@p5y4n1d3]

Chomsky embodies the famous quote from Lenin 'If I feed the poor they call me a Saint, when I ask why the poor have no food they call me a Communist'.

[@joeboorer5341]

Brent Cromwell That's because actions speak louder than words! Any fool can ask a question, to actualy do something is the solution!

[@nthperson]

Our economic system has the built-in destructive character of landed privilege. This systemic flaw could have been removed at the creation, had Benjamin Franklin been able to advocate for the Physiocratic principle of the 'impot unique' (i.e., the collection of societally-created land rents to pay for public goods and services). Franklin declared his conversion to the Physiocratic perspectives, but landed interests were far too powerful to challenge at the Constitutional Convention. They won out, and the Federal government was forced to levy tariffs and excise taxes until civil war required even more revenue and the imposition of taxes on income. Today government imposes heavy tax burdens on incomes earned by producing goods and providing needed services, as well as on the physical assets we produce -- our buildings, our machinery, our technologies. And what of land? Land is almost universally under-assessed and lightly taxed. Thus, the imputed (and actual) rental values of land are capitalized into an unearned income stream to landed interests. Land is hoarded extensively. Land speculation is immensely profitable, at the expense of everyone who needs land on which to live, work and play. Not until we rid our society of the financial privileges attached to land ownership will we begin to find our way out of the boom-to-bust cycles we experience. Until then generational poverty will worsen, and the sense of community upon which democracy depends will wither away opening the door to the despotism of the national security state.

[@dwdewhurst]

Compelling evidence that we need to shrink the finance sector. Cecchetti SG & Kharroubi E 'Reassessing the impact of finance on growth' (2012); 'Why does Financial Sector Growth crowd out real economic Growth' (2013) - Bank for International Settlement. + Nick Shaxson 'The Finance Curse' (2013)

[@johnleelee123]

i hope that i can be this sharp at his age

[@franciscorosa760]

Someone who have open our eyes,is there someone to replace him?

[@ehex3]

Chomsky talks about the apparent problem, that's the easy part, how about the solution?

[@kassandraechebima2851]

solution? stop doing that which is destructive, of course. How do you mean. Do you ask the solution of a man strangling another man?

[@ehex3]

***** Some people (like T Chola) think that a fancy vocabulary alone can make a good point, that sums society today very well, where people are fooled with packaging, ignoring the essence.

[@ehex3]

Kassandra Echebima ...and tell me, who should stop what and how? You seem to have figured it out, share your wisdom.

[@kassandraechebima2851]

ehex3 you use the word wisdom unwisely. Indeed, if you choose to lay waste your talent, indeed your senses, do not presume, by implying, winking or being patently insane, that you are fooling anyone else, save yourself. It was clear and evident.

[@syourke3]

For a start, how about nationalizing the goddamned banks?! Why should all the capital be left in the hands of greedy bankers? The government should take over the banks and run them in the public interest - and send some of the bankers off to prison for long terms. Then, how about a massive public works program to put the millions of unemployed and underemployed to work rebuilding our infrastructure? Then how about 100 per cent forgiveness of all student loans? Then reduce the military budget by 50 % and increase social spending on education and housing and health care? Unfortunately, however, none of these obvious and sensible reforms can be undertaken until we first create a democracy in the United States - and that will probably require a full scale revolution because the current electoral system is completely locked up by the corporations and the banks.

[@conors4430]

This is the thing, everyone’s so focused on immigrants, muslims and Jews they don’t realise their enemy is the system they can’t imagine living outside of

[@claudiasutton8240]

One of the brilliant minds of this century.

[@Mi-yc3oy]

All the Chomsky nay-sayers need to get out of your bubble. He"s talking about this, as you erroneously complain, "rehashed" subject because the majority that NEED to know this information do not HAVE access to it. American education in general is crap, by international standards, all the more so for those in working and lower middle income families. (This does not imply that middle SEC students are even getting the message.) He is doing what he CAN do to make information as accessible to people as possible. If it comes across as "rehashed" it's because you, individually, were fortunate enough to have access to the ideas/information, but from the world's point of view, there is clearly there is still a need to keep trying to spread the knowledge.

[@TheBillaro]

Oh Chomsky, you sound so sad. Why not go enjoy yourself on a beach, smoke a bit, have some fun. The criminals will always be around, why waste your life on them?!

[@tbayley6]

Because he has more than air between his ears?! And also probably because he has children and grandchildren who deserve a future.

[@josephmiller954]

Because their greed and recklessness is beginning to undermine and destabilise society. Didn't you watch the lecture?

[@MikeYavelly]

He was asked this question elsewhere, and his response was pretty clear. Something to the effect of "Just look around!" However, upon seeing this clip - well done, BTW! - I venture to add there's a further motivation: mischief. Look carefully at the twinkle in his eye the two times he re-iterates the title. My subjective impression: he actually enjoys doing this stuff. However, I also hope he finds a little time to enjoy the beach as you describe. Does he sound sad? If I am able to speak like that at his age, I don't care if I sound a little croaky!

[@socrattt]

The people who do nothing in the face of injustice are the criminals.

[@wawasurfjah]

awesome that people, brasil with you

[@Chadisms]

Henry Ford employed more African Americans then all the other car companies combined. This was at a time when racism was at its height. He did not despise the color of a man's skin but the moneylenders who enslaved people. Ford hated that the bankers (who did nothing) made more money on the railroad tracks then the people who did the actual labor. Isn't it ironic that right before Detroit declared bankruptcy $.40 to every dollar was going to the moneylenders interest. How badly does Detroit and the US miss Mr. Ford now? Ford loved Andrew Jackson because he kept the private sector from having control of our money supply(second bank). Eventually the bankers won and it's now called the Federal Reserve. :(

[@willterryart]

Well said!

[@pasparaldabeiradocanal1578]

Actually Karl Marx saw the industrialists as the most politically progressive of the capitalist classes.

[@pasparaldabeiradocanal1578]

geheimschriver The industrial capitalists are relatively speaking the most progressive (or if you will the "least conservative") of the bourgeoise class. It should also be noted "progressive" does not necessarily mean left-wing or socialist. For example anti-sexism is a progressive attitude that was embraced by the industrialists in order to have women enter the labour force.

[@syourke3]

Henry Ford was a Nazi sympathizer and a pathological anti-Semite who contributed enormous sums to the Nazi Party and helped it take power. He was honored by the Nazi's when they came to power. Ford was also an implacable foe of labor unions which he identified with Jews and Communists. It is appalling that anyone could write in such glowing terms about the Nazi, Henry Ford.

[@willterryart]

Persuasive Barrier Boy - is this all you do all day? Post negative comments on this video? Capitalism really bums you out huh?

[@rameckmukanganwi4631]

may such minds continue to prosper especiouly in reducing global warming

[@tellul8r]

Prof Chomsky loves that jumper lol

[@Falconlibrary]

Capitalism and democracy have been on a collision course for a long time. We can have a capitalistic economy or a democracy but we can't have both. It's time to choose.

[@kassandraechebima2851]

how can you have the same level of work that needs to be done urgently, without destruction or inbuilt entropy? If such a place was successful, there would, progressively be less ''employment''. It is not progressive to compare with places where there is destruction but no repair because as you said such a place are the dustbin of the destructive economy, and such an economy is destined to make more and more places dustbins. You can have 'work', with creation, as you said such creation is representative of 'real' work needing to be done, and the ability to move persons equip with required skills into the area in need of such skills. What we find is false employment that are constructed for limited-interests, and limited-interests gets more perverse, the more it bloats. Soon they were counting someone else's hair for employment. It is stricken out. Man is graced with food, shelter and life, without interruption, man too is gifted to do work that s needed for the benefit of man. The people exemplified through voluntary services, in short it being about doing what you are gifted to do. And each man is gifted with proportionate skill to another, that is utilisable wherever it is needed. There is no other reality. If you find yourself advocating in anyway the very disorder, then it is a matter of conditioning, and faithlessness. There is no other reality. The solution is in the only way. What is that? If you are disbeliever, remove all that which had burdened you, then you'll see the reality, which need not be explained, but is what is. If a man is digging a bomb-thing in your room, you do not ask , what is the solution, save that man stops digging a bomb-thing in your room. As you release yourself from the conditioned woe, the reality becomes clearer to you.

[@RaisingCreativity]

mass public organization!

[@Aresftfun]

one big union!

[@pureenergy5051]

Gell Mann won a Nobel Prize for theorizing quarks. Turns out quarks spin billions of times as second as 3 points of light forming what are called protons and neutrons. Add to that the one point of light that an electron is and you have 7 points of light spinning and vibrating super fast as the hydrogen atom. This goes the same for all the atoms, though each one is different in the amount of quarks and electrons that they have. So this proves that all of us are spinning and vibrating super fast as holographic images, unable to die. We pop out of these bodies at what is called death to see these points of light that we are. Just read of all the classes and books there are on the subject of OBEs and NDEs. Can anybody help not knowing this? I am not a physicist, but I can write what they are saying simply enough so that more people can understand. People having NDEs can tell you this, most of them. They see other dimensions when they leave their bodies and then know they are love and do not die. Why isn't anyone listening to them? Millions of military folk are having such deep pains that they are experiencing NDEs. But they have no one to talk to, so they go ahead and "kill" themselves. I am confident that they pop out of their bodies , too, to see the eternal points of light that they are, proving again that death is a lie. This information is what will save the world because the bullies that are most afraid of death are the ones that are taking over and killing as many people as possible. It is ironic that the people most afraid of death are the ones causing the most of it. Not that there is such a thing as death. Because there is not. LIght and energy do not die.

[@tarnopol]

Great upload!

[@leolookingup]

People who try to build Earthships, Underground homes and Solar Power homes are not getting permits, and are told by government they will be taxed for "free" energy. So what are we suppose to do?

[@sadnessisgood5236]

"How to Ruin an Economy" simple: vote republican.

[@sadnessisgood5236]

James Delmore Way better than under Bush?

[@jamesolam4487]

Don't act like Bush is any conservative. He was very liberal with his spending. He never balanced the budget once, same with Obama. Obama and Bush have almost the exact same economic policies.

[@sadnessisgood5236]

James Delmore So why are you only criticizing Obama?

[@jamesolam4487]

I criticize both. But we are chatting on a Noam Chomsky video so I assumed I was talking to an Obama worshiper. You also defended Obama claiming it is better than under Bush.

[@sadnessisgood5236]

James Delmore "Obama worshiper" ha ha ha ha, no "You also defended Obama claiming it is better than under Bush" Should I explain why? No I don't like Obama, he's a sell out, a corporate whore, a DINO, just another establishment president.

[@WAValenti]

Why is embedding disabled on this video?

[@icjr2352]

Thanks Leigha for all you do!

[@Barskor1]

RD? oh please if these companies didn't get tax money for doing the research that keeps them competitive they would do it themselves and instead of government waste picking winners and losers you could keep your tax money and they would rise and fall on their own merits.

[@encarsiaformosa]

I believe he was talking about FUNDAMENTAL scientific research. Why would any company engage in that? You can't patent the laws of physics. Also, "winners and losers" in fundamental research aren't directly based on profit, but on whether the ideas are valid scientifically.

[@Barskor1]

encarsiaformosa Now how are you going to create the latest and greatest if you don't know physics that helps create and properly use all the materials that goes into those products? So yes Fundamental research is highly profitable you just have been duped into paying the upfront costs.

[@encarsiaformosa]

Barskor1 How is it profitable if you can't patent it? The company would have to be very secretive about its scientific research, which would result in huge inefficiencies because each company would have to discover the same thing for itself, rather than the scientific community sharing their ideas with each other. This is already the case in applied R&D, but we accept it grudgingly because the private sector has generally shown itself more competent at that. I don't think you appreciate the importance of "real" science as opposed to product development. And even in product development, the government has already shown it can lead the way: just look at the computer, space exploration and medical research.

[@Barskor1]

encarsiaformosa Because you patent the materials produced not the method of their discovery.

[@socrattt]

I don't think you understand history or economics. You may as well say that all schools and health-care centres, like hospitals, should be private too: rise and fall on their own merits.

[@UnfurlingTime]

We are so fortunate to have the man of such riches still amongst us.

[@joeboorer5341]

Lesleyjass Yeah ritch from, half truthes. Beware of false profits ;)

[@Neuroneos]

Great speech. His sister's wedding is not the place to give it.

[@pzokz]

"intellectual property - that's a fancy term for robbery" - yep!

[@icankickflipok]

A one legged man you can’t own the words you use, no. I wouldn’t think so anyway. Speech wouldn’t be so “free” if you had to pay up to say a certain assembly of words. But you can own the product with which you have used to express those words. As with inventions, nobody owns a monopoly on how to build computers. Anyone is allowed to build their own computers. Nobody owns that, but they own the computers they build. I don’t really understand the term “intellectual property.” Oftentimes it’s just used as a way to claim something that’s otherwise not claimable. Like when a KZbinr gets a strike for “copyright” for singing the lyrics to a song even without playing the song, as if the writer owns the fucking words they’re saying. If they play the song and profit then you have a case, they’re profiting off of your product you created without consent or without giving you a share. But words? Really? We can now own a specific assembly of words? People can own specific sentences now? Sounds like a fancy way to step on people’s right to free speech if I was to strap on the tin foil hat ( I don’t think it generally is but I think there’s a potential it could be used that way. Already some channels get away with singing songs and others don’t, oftentimes because of some petty reasons like the one not getting away with it got a lot of money from the video and the company just wants the money and doesn’t actually care about the video at all, sometimes, like I said, claiming something that falls under fair use and still being able to get away with it, or because they just think it looks bad for their own branding image even if it proves fiscally beneficial for them to keep the association).

[@mck1972]

pzokz, So does that include the, ' intellectual property ', in the copyrighted material of all the books that Chomsky has written and sold?

[@pzokz]

@@mck1972 Only the abusive part of the business. If you're actually curious about what he means and doesn't mean, maybe listen to him on the topic, for example here: kzbin.info/www/bejne/Y5eueXWdaMuLm9E

[@mck1972]

@@pzokz , You do realize that Chomsky has never spent a day of his life in Law School, nor in any actual business environment, and that he has profited himself from the, ' Intellectual Property ', in his books, right?

[@pzokz]

@@mck1972 Why would you think anyone would care unless they were already indoctrinated into conventional economic ideas?

[@cordialreason254]

Try not to forget that a good economy effectively provides resources to those willing to work...Also known as financial compensation for shelter, transportation, food, uplifting expenses:entertainment/education, and security. Our economy is so far below these expectations that it cost money to find these resources. The banks nickle and dime at every transaction, schools charge fees for every department you may or may not use just to sit in a building for a few hours a week. Cars are dependent on fuel that is increasing monthly, loan sharks are everywhere. They loan you a few and charge interest which can triple from the amount you borrowed. There is so many financial factors against the modest worker that siting out of the economy is just; well, more productive...sad to say it.

[@lilkitten4839]

Too bad, I think Professor Chomsky misses entirely the impact that cryptocurrencies will inevitably have on central banking. It's not about Bitcoin, it's about the transparency mechanism which underlies it.

[@DaiQibao]

It's hard to imagine that the US government won't outlaw crypto commodity exchange, the dollar being the world reserve currency. Calling it "cryptocurrency" make it illegal right now. You should refrain from using that term, as it is not a currency.

[@lilkitten4839]

Well...I disagree Dai Qibao . I don't think they can stop it. They can shut down exchanges, but they can't stop it from being a medium *of* exchange. It's certainly a more honest currency than the worthless junk governments try to pawn off on us. But I guess time will tell how things pan out. Take care! :)

[@lilkitten4839]

***** Interesting. I don't know that much about Chomsky, but I watched a few of his talks online and found them interesting, which is why I shared this one. Good to know there's some controversy--it gives me more to look into :D

[@pasparaldabeiradocanal1578]

***** Chomsky wasn't that far off If you consider that unlike the US economy the Soviet economy was not driven by exploiting Third World resources and that before Gorbatchev came along and started privatising everything the USSR had a reasonable and steady growth rate. 21stcenturysocialism.com/article/the_soviet_model_and_the_economic_cold_war_01331.html

[@DaiQibao]

Pasparal da Beira do Canal "unlike the US economy the Soviet economy was not driven by exploiting Third World resources " --There is no economic calculation in state control of production. It is true that people starving in Communism are less exploitative to the third world.

[@metricmoo]

Oh, brother! Now he's an economist?!?! Go home, Gnome!

[@oceanstarlake]

no he is not saying he is an Economist.

[@mck1972]

@@oceanstarlake , He is lecturing about Economics. Which is (Yet another ) field that he has ZERO actual training or experience in!

[@geraldbennett7035]

Noam for god. He thinks so .

[@Farctow]

If he at any point based Brazil or Venezuela data to his research he should go back to that point and revisit everything from there on. Brazil and Venezuela are economicaly destroyed, that's how it is. And, btw, Brazil's data on poverty was improved by downgrading the thresholds. Oh, and a big buble of credit.

[@alisoltani87]

I like Chomsky cause I found Anarchism as a way that every one with different ideas could live in an optimum respect to each other's differences and I found him an Anarchist. I live in Iran and I do not have easy access to other Anarchists in here, I would like to talk about my ideas with people not radical but people pursuing this ideology. I would appreciate if anyone can help me this way.

[@ryanm9371]

Mexico is worse off being economically connected with the US?!? Haha, What a stupid comment.

[@elduderinoii1434]

Thomas Sowell, Walter Williams, Shelby Steele, Milton Friedman, David Horowitz

[@pretorious700]

LOFL @ these comments, this old fool doesn't have a clue about economics.

[@jonfla5h]

thanks

[@ronitdebnath]

"His" way destroyed Venezuela.

[@codacreator6162]

This from a Humanities major (linguistics). And for decades, Capitalists have been spewing the li that Humanities and Liberal Arts degrees are worthless. Is it not yet apparent why? Far from worthless, these are the degrees that are of the greatest worth to the progress of humanity. If you disagree, it’s because you a) have no idea what kind of study actually goes into advanced degrees in the arts, or b) believe the propaganda that higher education is nothing more than job training. Or both. What could possibly be of greater value than the ability to understand and articulate the nuances of the languages in which we communicate? Without vocabulary, there is no tech, healthcare, philosophy, or any other subject and we revert to a new dark ages. And yet, we persist. It’s not an accident that Hitler and Stalin both began their careers by eliminating the intelligentsia from their respective societies. Nor that the United States has endeavored to the same end by diluting and undermining traditional education.

[@cmhardin37]

The grandfather of the sjws.

[@mck1972]

If only he had used poper contraception...smh

[@peterbalchin]

"….There are 10's of millions of people eager to work but with no jobs and many of them have simply dropped out opt the workforce in despair. There are ample resources to provide employment but they are hidden away where they cannot be accessed, in the overflowing pockets of the super rich and the corporate sector and particularly the big banks which have been generously rewarded for having created a crisis serious enough to have almost brought down the domestic and even the global economy and there are vast amounts of work to be done. The infrastructure is collapsing. …"

[@downeybill]

how to ruin an economy? follow Noam Chomsky's advice on economic matters -that we be the easiest way.

[@collinmcconville5368]

No youre right. There is no global warming, CEOs are the good guys! They give you enough money not to starve. We should be greatful. Our infastructure is not in shambles, thats just a liberal lie to undermine American greatness. Everything is fine and making any critical thought of income inequality, or environmental degradation, or corruption should be considered treason and people who think this way should be treated as such

[@doublenegation7870]

WHOA V CLEVER REVERSAL BUB, STICK YOUR HEAD IN THE SAND AND PRETEND YOU KNOW SOMETHING

[@jahson460]

IT'S A MUST WATCH...

[@whyamimrpink78]

This is what happens when you make a guy a god and give him a mic, he spouts crap about things he doesn't know anything about and people buy into it. Chomsky needs to stick to linguistics because in every other issues he is always epically wrong.

[@lsobrien]

In what ways? I would like to hear your analysis.

[@whyamimrpink78]

***** Just scratching the surface (plus I lack some time to get into a full analysis of the video) and looking at the first 7 minutes or so. He says we have plenty of resources but it has been concentrated to the select few. What resources are he talking about? Money? Money isn't a resource and it isn't finite. And it isn't like banks are just hoarding all the money, that makes money worthless. They are investing it. We do have a problem with a corrupt government just giving money away to the top (and we seen that last year with 85 billion dollars a month pumped into the stock market where the top 10% own 90% of stocks), but that is about it. Wealth and capital has to be created and that is from investments. The top are not hoarding anything but are instead creating wealth and capital. If you interfere with the growth of wealth and capital (as in taxes or regulations) then you make things worse. Chomsky is clueless in that regards. He talks about the US being high in poverty and low in social levels. That can be debated. We are very diverse and have an ever growing Hispanic population. They move here with no money and thus are poor but are better off than they were originally. Other countries don't have as much diversity and thus not as many issues to deal with. The living standards in the US can arguably be considered the best. We have the best healthcare quality in the world, the poverty do own TVs, cars, homes and so on. He is being deceptive. Median income in what he said is deceptive as well. How much money you have means nothing, the purchasing power of the dollar is key. I can go on but I have some work to do. If you want I can go on some more later, but in all Chomsky is clueless about the economy.

[@BigDaddyMudPie]

whyamimrpink78 Lets talk about your points. Firstly companies are hording cash ", American companies may be hoarding more cash than most of us had previously realized -- about $5 trillion worth, as of 2009"(The Atlantic). They are not investing money since there is a lack of demand and there is a lack of demand because people are broke and if that's not recent enough for you."The amount of cash in the hands of households, banks and corporations is at an all-time historic high, some $14 trillion in all" (Forbes 13). The numbers may be disputed but the fact does remain companies are hording cash. Your second point is absurd America is not the only diverse country in the world. France and Germany have huge immigration from poorer nations and they do not have have the stagnate income growth we have. Also according to the World health report the USA ranks 37 and last among industrial nations in its healthcare sector. www.forbes.com/sites/robertlenzner/2013/07/16/householdscorporations-and-banks-are-hoarding-14-trillion-cash/ See www.theatlantic.com/business/archive/2012/07/the-5-trillion-stash-us-corporations-money-hoard-is-bigger-than-the-gdp-of-germany/260006/

[@LifeAsA]

whyamimrpink78 What the US is being turned into is a corporate fascism. The bailouts are just the beginning of the transference of wealth from the middle and lower classes to the upper class. Obamacare is simply a tax act and will definitely further concentrate wealth. Just wait until we really get this Internet of Things rolling... then I think we will start to see the big picture.

[@miguelgomezdonoso5671]

whyamimrpink78 Mister, you are clueless. The U.S. has the worst social indexes of human development of all civilized countries. The "top" are creating wealth, yes, for themselves and at the expense of others by abusing a biased system which is no longer fair if it ever was. If you believe the typical story that "capitalism may not be perfect, but it is the most efficient thing we have" well, mister, you know nothing about capitalism. What Friedman and the such sold us as neoliberalism was way departed from what Adam Smith sold as capitalism. And what we have now is waaaay departed from what Friedman ever sold as capitalism. What we have now is not capitalism as seen by any major classical theoretist (except Marx). What we have now is so biased it violates all of the efficient market axioms and has just become a global slavery system. Chomsky may not be very technical, but he has more insight than most.