Re-examining the fundamentals – Re-reading Adam Smith: An instructive research project | Noam Chomsky

Chomsky-on-Smithclick picture to view, or
https://www.youtube.com/watch?v=8mxp_wgFWQo#t=62

For the more complete video, see: LeighaCohen‘s

“Noam Chomsky”: Why you can not have a Capitalist Democracy


Published on Oct 5, 2014

During the Q&A period after Noam Chomsky gave a lecture at 1199 SEIU Union Hall located in Dorchester, MA on September 30, 2014. “Capitalist Democracy and its Prospect’s” he spoke why you can not have a capitalist democracy. During the 18 minutes he speaks about one of the architects of modern Capitalism, Adam Smith, Laissez-faire Economics, people’s misinterpretations of Adam Smith specifically when it comes to what personal freedom actually is. He tears into what Modern Libertarianism has become in the US. He talks about the transitioning economy from being technology based to biology based. He finally discussed how people income impact political decisions and referred to the Orwellian term “Unpeople “to describe the largest percentage of people who are disenfranchised from political decisions and power and believes as compared to the occupy movement that the country is being rules in a Plutocracy ruled by the top 0.1% of wealth..

The lecture was sponsored by MA Jobs With Justice http://www.massjwj.net/ Massachusetts Jobs with Justice is a coalition of community, faith and labor groups in Massachusetts who work to protect and promote workers’ rights, along with our sister coalition, Western Mass Jobs with Justice.

Unless otherwise indicated, all materials on in this video are copyrighted to Leigha Cohen Video, All rights reserved. No part of this video may be used for any purpose other than educational use and any monetary gain from this video is prohibited without prior permission from me. Therefore, reproduction, modification, storage in a retrieval system is prohibited. Standard linking of this video is allowed and encouraged.

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