Clinton, Kennedy, they all carried out mass murder, but they didn't think that that was what they were doing - nor does Bush. You know, they were def… - Noam Chomsky

I should say that when people talk about capitalism it's a bit of a joke. There's no such thing. No country, no business class, has ever been willing to subject itself to the free market, free market discipline. Free markets are for others. Like, the Third World is the Third World because they had free markets rammed down their throat. Meanwhile, the enlightened states, England, the United States, others, resorted to massive state intervention to protect private power, and still do. That's right up to the present. I mean, the Reagan administration for example was the most protectionist in post-war American history. Virtually the entire dynamic economy in the United States is based crucially on state initiative and intervention: computers, the internet, telecommunication, automation, pharmaceutical, you just name it. Run through it, and you find massive ripoffs of the public, meaning, a system in which under one guise or another the public pays the costs and takes the risks, and profit is privatized. That's very remote from a free market. Free market is like what India had to suffer for a couple hundred years, and most of the rest of the Third World.

For example, take Suharto's Indonesia, which is a brutal, murderous state. I think Canada was supporting it all the way through, because it was making money out of the situation. And we can go around the world. Canada strongly supported the US invasion of South Vietnam, the whole of Indochina. In fact Canada became the per capita largest war exporter, trying to make as much money as it could from the murder of people in Indochina. In fact, I'd suggest that you look back at the comment by a well known and respected Canadian diplomat, I think his name was John Hughes, some years ago, who defined what he called the Canadian idea, namely "we uphold our principles but we find a way around them". Well, that's pretty accurate. And Canada is not unique in this respect, maybe a little more hypocritical.

Remember, every business firm, like even a mom and pop grocery store, is a market imperfection. A firm is defined in economic theory as a market imperfection introduced to deal with transaction costs. And the sort of theory is that the imperfections, the firms, are kinda like little islands in a free market sea. But the problem with that is that the sea doesn't remotely resemble a free market, and the islands are bigger than the sea; so that raises some questions about the picture. But these market imperfections, like a firm, or a transnational corporation, or a strategic alliance among them, this is a form of administering interchanges. And there's a real question about whether we want to accept that. Why, for example, should the international socioeconomic system, or for that matter our own society, be in the hands of unaccountable private tyrannies? That's a decision, it's not a law of nature.