Feb 15, 2014

Chomsky Does It Again

When it comes to consistency, Noam will not disappoint.
When it comes to years without being questioned, even from experts in fields he isn't in, it's called Cognitive Dissonance.
Instead of listening to people who study economics their wholes lives or business professionals....instead, let's learn about a rather complex social science from a linguist professor.
Makes sense. 

Noam Chomsky. For being such a prominent intellectual, seems to have missed some several key things in his latest speech. For one, if millions of Americans are not working but "willing" to work because of the super rich hoarding the money, then he forgets about the fundamentals about creating wealth in the first place. Public spending is at an all time high, so why are you losing this argument already? Unemployment rate of 6.6% does not represent the Americans who have stopped looking for work or who have their unemployment benefits run out. Two, blaming banks for causing a domestic financial (and international) disaster is irrelevant without the back story of the federal and many state government's promoting banks give several million housing loans in the first place to promote home buyers. Blaming the government creating and subsidizing false incentives is something you should look more into, Professor Chomsky. This is not something so simply. It didn't take a year. It wasn't Obama's fault.... this is something that was years in the making...

1 comment:

  1. "blaming banks for causing a domestic financial (and international) disaster is irrelevant without the back story of the federal and many state government's promoting banks give several million housing loans in the first place to promote home buyers." Isn't this argument a little like saying that the fact that you shot someone is irrelevant without knowing the backstory of the gun store that sold you the gun?

    Regardless of whatever laws are enacted, people and corporations (which are people, too, apparently) also have an obligation to act with personal responsibility. Sure, federal legislation promoted all sorts of crap. But there was never a legal obligation that FORCED banks to participate. They did that all by themselves.

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