#Occupy #99%
Tag: economics
Noam Chomsky Quotes: Noam Chomsky on intellectual property
Noam Chomsky Quotes: Noam Chomsky on intellectual property
That’s a very interesting question. It has an interesting history. The World Trade Organization, the Uruguay round that set up the World Trade Organization imposed, it’s called a “free trade agreement”. It’s in fact a highly protectionist agreement. The US is strongly opposed to free trade, just…
Another factor is job insecurity, what economists like to call “flexibility in the labour markets,” which is a good thing under the reigning academic theology, but a pretty rotten thing for human beings, whose fate doesn’t enter into the calculations of sober thinking. Flexibility means you better work extra hours or else. There are no contracts and no rights. That’s flexibility. We’ve got to get rid of market rigidities. Economists can explain it.