Well the first point to mention is that were very far from a capitalist economy and have never been one -- its a state capitalist economy with substantial state intervention that, in many respects from basic research and development to manipulating interest rates to determining the laws that administer regulations that permit CEOs to pick their own boards and hence to enhance their salaries, and thousands of other ways. Whats the future of it? That depends on how the public will respond to the circumstances in which there are. I mean, there is an institutional logic which will perpetuate things in a certain direction, but it is not graven in stone. It has been in the past, and can be in the future, influenced, modified, even radically changed by public engagement and action. And theres no way to predict that -- those are matters for action not for speculation. noam chomsky
Posted on: Sat, 25 Oct 2014 17:01:34 +0000
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