The third principle of the concentration of wealth and power is “Redesign the Economy,” i.e., use your political influence to change the rules of the economic system, so that it favors the already advantaged class in new and more powerful ways. Noam Chomsky identifies two major factors under this principle: (1) financialization of the economy and…
Throughout the history of the United States, there has been a constant struggle between two tendencies: On the one hand, we have “a democratizing tendency that’s mostly coming from the population—a pressure from below.” On the other hand, there is the tendency coming from the elite to maintain the status quo, and to reverse any concessions…
What follows is my interpretation of Noam Chomsky’s words, as presented in the film “Requiem for the American Dream.” My aim in these blog posts is not to provide a full and faithful representation of Chomsky’s thinking; he is perfectly capable of doing that on his own. Instead, I will emphasize those of his points that I think are worth emphasizing,…