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If you look over the history of regulation — railroad regulation, financial regulation and so on — you find that, quite commonly, it's either initiat… - Noam Chomsky
" "If you look over the history of regulation — railroad regulation, financial regulation and so on — you find that, quite commonly, it's either initiated by the economic concentrations that are being regulated, or it's supported by them. And the reason is because they know that, sooner or later, they can take over the regulators and essentially run what they do. They can offer what amounts to bribes — offer them jobs or whatever it may be — it's an advantage to the regulators to accommodate themselves to the will of the powerful. It happens naturally in many ways, and ends up with what's called “regulatory capture.” The business being regulated is in fact running the regulators.
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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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So what the media do, in effect, is to take the set of assumptions which express the basic ideas of the propaganda system, whether about the Cold War or the economic system or the “national interest” and so on, and then present a range of debate within that framework — so the debate only enhances the strength of the assumptions, ingraining them in people’s minds as the entire possible spectrum of opinion that there is.
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