As in the past, the costs and risks of the coming phases of the industrial economy were to be socialized, with eventual profits privatized ...
by Noam Chomsky
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Noam Chomsky's "Failed States: The Abuse of Power and the Assault on Democracy" discusses the recurring theme of economic structures where the burdens are shared by society while the profits are reaped by a select few. This highlights a fundamental imbalance in the industrial economy where social responsibility does not align with the distribution of wealth. The pattern suggests that ordinary people bear the consequences of economic decisions, while corporations and the wealthy enjoy the financial benefits.

This critique reflects a broader concern regarding the principles of democracy and justice, emphasizing that as the industrial landscape evolves, the exploitation of societal resources continues. Chomsky calls attention to the need for equitable systems that do not perpetuate inequality and instead prioritize the welfare of the many over the interests of the few. Through his analysis, he advocates for a reevaluation of policies and practices that uphold these imbalances.

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April 05, 2025

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