© / RT Published time: 2 Jul, 2017 00:04 Edited time: 2 Jul, 2017 15:17
The minimum wage should be $20 an hour, “neoliberalism is tyranny” and the Republican Party is “dedicated to destroying human life,” renowned academic and activist Noam Chomsky told RT in an extended interview.
“We are headed toward a cliff and the worst cliff we are headed toward is due to market systems,” the linguist and philosopher said to the “On Contact”host Chris Hedges during a sit-down talk at MIT, where Chomsky, 88, continues to serve as Emeritus Professor.
Hedges, himself a professor, and Chomsky traced back the history of applied neoliberalism from its late 1970s origins on both, the left and the right, to the era of Donald Trump.
“The neoliberal shift moved decisions from the public arena to the market,” said Chomsky, whose book on the topic, “Requiem for the American Dream,” came out earlier this year. “The ideology claims it’s increasing freedom, it’s in fact increasing tyranny.”
Putting the interest of capital – and specifically transnational corporations and financial institutions – above that of the people, has created a “democratic reduction” and a “stagnation or decline of wages, for the majority,” said Chomsky, who advocates better wage distribution, and has called himself a socialist.
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Published on Jul 1, 2017
On this week’s episode of On Contact, Chris Hedges travels to Cambridge, Massachusetts for a conversation with America’s most important intellectual, Professor Noam Chomsky. In Part I of their conversation, Chomsky discusses the adverse effects of neoliberalism on the working class, as addressed in his book, “Requiem for the American Dream: The 10 Principles of Concentration of Wealth & Power”.