Noam Chomsky On Capitalism

CHOMSKY: This is mostly propaganda, in my opinion. What is called 'capitalism' is basically a system of corporate mercantilism, with huge and largely unaccountable private tyrannies exercising vast control over the economy, political systems, and social and cultural life, operating in close co-operation with powerful states that intervene massively in the domestic economy and international society. That is dramatically true of the United States, contrary to much illusion. The rich and privileged are no more willing to face market discipline than they have been in the past, though they consider it just fine for the general population. Merely to cite a few illustrations, the Reagan administration, which revelled in free market rhetoric, also boasted to the business community that it was the most protectionist in post-war US history - actually more than all others combined. Newt Gingrich, who leads the current crusade, represents a superrich district that receives more federal subsidies than any other suburban region in the country, outside of the federal system itself. The 'conservatives' who are calling for an end to school lunches for hungry children are also demanding an increase in the budget for the Pentagon, which was established in the late 1940s in its current form because - as the business press was kind enough to tell us - high tech industry cannot survive in a pure, competitive, unsubsidized, 'free enterprise' economy, and the government must be its saviour. Without the saviour, Gingrich's constituents would be poor working people (if they were lucky). There would be no computers, electronics generally, aviation industry, metallurgy, automation, etc., etc., right down the list. Anarchists, of all people, should not be taken in by these traditional frauds.

More than ever, libertarian socialist ideas are relevant, and the population is very much open to them. Despite a huge mass of corporate propaganda, outside of educated circles, people still maintain pretty much their traditional attitudes. In the US, for example, more than 80% of the population regard the economic system as inherently unfair and the political system as a fraud, which serves the special interests, not the people. Overwhelming majorities think working people have too little voice in public affairs (the same is true in England), that the government has the responsibility of assisting people in need, that spending for education and health should take precedence over budget-cutting and tax cuts, that the current Republican proposals that are sailing through Congress benefit the rich and harm the general population, and so on. Intellectuals may tell a different story, but it's not all that difficult to find out the facts. - http://www.struggle.ws/rbr/noamrbr2.html

Once again, Noam hits the nail on the head!