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Tag: Adam Smith

VIDEO: Noam Chomsky: Markets Aren’t ‘Democratic’— They Radically Restrict Choice in Important Ways

In this short clip from a History Channel documentary, the renowned linguist and activist explains how markets actually bring out the worst in humans by turning us into people “dedicated to maximizing individual gain, not social concern.”

Posted on Sep 15, 2015 READ MORE

VIDEO: Noam Chomsky: Capitalism in Most Forms Is Inconsistent With Democracy

The renowned linguist and activist explains the only way that capitalism could be compatible with democracy.

Posted on Aug 11, 2015 READ MORE

jDevaun (CC BY-ND 2.0)

The Insider’s Economic Dictionary: Part A

Unlike psychological terminology—which consists mainly of terms of invective (try to think of a desirable personality complex)—today’s economic vocabulary is euphemistic. One rarely hears the terms “rentier” or “usury” that played so central a role in the debates of past centuries.

Posted on Aug 9, 2013 READ MORE

Democratic Congressman Schools ‘Fox & Friends’ Hosts

Perhaps the bookers over at Fox News decided to get Rep. Adam Smith, one of 16 Democrats who voted against the fiscal cliff deal, on “Fox & Friends” on Wednesday because they thought the congressman would agree with the program’s hosts. If that was the case, they were sorely mistaken.

Posted on Jan 2, 2013 READ MORE

Financial Reform Won’t Alter Capitalism’s Icarus Trajectory

Perhaps the most troubling reality in the 21st century is that our economics now dictates our cultural values, rather than the reverse, where we the people would decide how resources, production and mutual prosperity should be systematized to achieve the best society for all.

Posted on May 21, 2010 READ MORE

As Smash-and-Grab Capitalism Collapses, the French Economy Shines

Many in Britain and the United States are in mourning for what’s taken as the suicide of the American (or Thatcherite, or Chicago-school) model of capitalism, accompanied by the non-interventionist state that hands the national economy over to business and financial leaders to run.

Posted on May 16, 2009 READ MORE

AP Photo / Keith Srakocic

Romney: Hillary’s ‘in With Karl Marx’

Sizing up Hillary Clinton’s economic outlook on a campaign stop Sunday, rival presidential candidate Mitt Romney took aim at Clinton’s approach, accusing her of harboring ideas more in line with “Communist Manifesto” author Karl Marx’s theories than those of capitalist champion Adam Smith.

Posted on Jul 22, 2007 READ MORE

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