Requiem for the American Dream (book) - WikipediaAnd the reason is because they know that, sooner or later, they can take over the regulators and essentially run what they do. The banks and bank lobbyists are actually writing the laws of financial regulation — it gets to that extreme. During the Depression, one of the regulations instituted was to separate commercial banks, which are where deposits are federally guaranteed, from investment banks, which just take risks and there are no federal guarantees. They were separated in what was called the Glass-Steagall Act. They succeeded, in , by undermining Glass-Steagall with the cooperation of right-wing Republicans, Phil Gramm and others.
Ralph Nader interviews Noam Chomsky: Requiem for the American Dream
Requiem for the American Dream
Mar 28, ISBN In his first major book on the subject of income inequality, Noam Chomsky skewers the fundamental tenets of neoliberalism and casts a clear, cold, patient eye on the economic facts of life. What are the ten principles of concentration of wealth and power at work in America today? In Requiem for the American Dream , Chomsky devotes a chapter to each of these ten principles, and adds readings from some of the core texts that have influenced his thinking to bolster his argument. Scott, spent countless hours together over the course of five years, from to After the release of the film version, Chomsky and the editors returned to the many hours of tape and transcript and created a document that included three times as much text as was used in the film. A professor at Massachusetts Institute of Technology since , Chomsky gained recognition in academic circles… More about Noam Chomsky.
Goodreads helps you keep track of books you want to read.
comic books 101 the history methods and madness
The 10 Principles of Concentration of Wealth & Power
It lays out Chomsky's analysis of neoliberalism. It focuses on the concentration of wealth and power in United States over the past forty years, analyzing the phenomenon known as income inequality. The book charts Chomsky's analysis of the concentration of wealth from the s to now. Chomsky analyzes the way in which power relations shifted from the late s to today, in the name of "plutocratic interests". This has been shown to lead to phenomena like the richest people in the world having as much wealth as the bottom half of the world. The book is organized around what Chomsky argues are the 10 principles which lead to the concentration of wealth and power:.