Noam Chomsky Quotes About Growth
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The leading student of business propaganda, Australian social scientist Alex Carey, argues persuasively that “the 20th century has been characterized by three developments of great political importance: the growth of democracy, the growth of corporate power, and the growth of corporate propaganda as a means of protecting corporate power against democracy.
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In the major state capitalists economies, Europe and the US, it's low growth and stagnation and a very sharp income differentiation a shift - a striking shift - from production to financialization.
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Growth is a funny sort of concept. For example, our GNP increases every time we build a prison. Well, okay, it's growth in a sense.
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The entire socioeconomic system is based on production for profit and a growth imperative that cannot be sustained.
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In Europe there's an dangerous growth of ultra xenophobia which is pretty threatening to any one who remembers the history of Europe... and an attack on the remnants of the welfare state. It's hard to interpret the austerity-in-the-midst-of-recession policy as anything other than attack on the social contract.
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In Egypt the neoliberal programs have meant statistical growth, like right before the Arab Spring, Egypt was a kind of poster child for the World Bank and the IMF [International Monetary Fund:] the marvelous economic management and great reform. The only problem was for most of the population it was a kind of like a blow in the solar plexus: wages going down, benefits being eliminated, subsidized food gone and meanwhile, high concentration of wealth and a huge amount of corruption.
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Unlimited economic growth has the marvelous quality of stilling discontent while maintaining privilege, a fact that has not gone unnoticed among liberal economists.
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Let's take Southeast Asia. The last 20, 30 years has been what's called the "Asian Miracle" - fast economic growth, industrial society. It's happening all over, with one exception, which one? The Philippines is the one that can't grow, which the US has been running for 100 years. Is there a correlation? Have you read about it? It comes to mind, at least.
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Through much of its history, the US did not have high inequality as compared with Europe. Less so, in fact. That began to change in the industrial age, reaching a peak in 1928, after the forceful destruction of the labor movement and crushing of independent thought. Largely as a result of labor mobilization, inequality declined during the Great Depression, a tendency continuing through the great growth period of regulated capitalism in the early postwar decades.
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Latin America is now exploring new and often promising paths in rejecting the doctrinal notions of "globalization," and also in the remarkable growth of popular movements and authentic participation in the political systems. How successful this will be is more a matter for action than for speculation.
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There is either a crisis or a return to the norm of stagnation. One view is the norm is stagnation and occasionally you get out of it. The other is that the norm is growth and occasionally you can get into stagnation. You can debate that but it's a period of close to global stagnation.
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