Each time, the taxpayer is called on to bail out those who created the crisis, increasingly the major financial institutions. In a capitalist economy… - Noam Chomsky

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Each time, the taxpayer is called on to bail out those who created the crisis, increasingly the major financial institutions. In a capitalist economy, you wouldn't do that. In a capitalist system, that would wipe out the investors who made risky investments. But the rich and powerful, they don't want a capitalist system. They want to be able to run to the “nanny state” as soon as they're in trouble, and get bailed out by the taxpayer. They're given a government insurance policy, which means that no matter how often you risk everything, if you get in trouble, the public will bail you out because you're too big to fail — and it's just repeating over and over again.

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About Noam Chomsky

Avram Noam Chomsky (born 7 December 1928) is an American linguist, analytical philosopher, cognitive scientist, political analyst, human rights activist and anarcho-socialist.

Biography information from Wikiquote

Also Known As

Birth Name: Avram Noam Chomsky
Alternative Names: A. Noam Chomsky Chomsky
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Additional quotes by Noam Chomsky

You've got to keep them pretty scared, because unless they're properly scared and frightened of all kinds of devils that are going destroy them from outside or inside or somewhere, they may start to think, which is very dangerous, because they're not competent to think.

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What can one say about a country where a museum of science in a great city can feature an exhibit in which people fire machine guns from a helicopter at Vietnamese huts, with a light flashing when a hit is scored? What can one say about a country where such an idea can even be considered? You have to weep for this country. These and a thousand other examples testify to moral degeneration on such a scale that talk about the “normal channels” of political action and protest becomes meaningless or hypocritical. We have to ask ourselves whether what is needed in the United States is dissent —or denazification. The question is a debatable one. Reasonable people may differ. The fact that the question is even debatable is a terrifying thing. To me it seems that what is needed is a kind of denazification.

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