It’s been a funny economic period for the last thirty years. We’ve been through thirty years with real wage stagnation. That’s never happened before. There’s been economic growth, there’s been a sharp rise in productivity, but the effects have flown and gone into very few pockets. For a majority of the population, it’s been a bad period. Stagnation, sometimes decline, reduction of benefits, higher working hours, a lot of breakdown of social structure, it’s hard for people to deal with. Now, the parties don’t want to deal with this because their constituency is basically business and the wealthy, so they’d like to divert attention to other topics. Those are called social issues like stem cell research, abortion, and so on. These become not individual matters anymore, which they were before, but rather social policy, and are used (and I presume designed) to keep away from the issues that really affect people.

Noam Chomsky

So you’ve seen television ads. Suppose there’s a television ad for a drug, or a car, or something. In a market society, what you would have is a description of the properties of the commodity because then you get what are called ‘informed consumers making rational choices.’ But that’s not what you get. What you get is forms of delusion because the business wants to create uninformed consumers, who make irrational choices. That is, they want to undermine markets. Which is very much like the political system. You want an electorate, which is uninformed and makes irrational choices under modern democracy, so the whole kind of ideology is so remote from reality that it’s almost impossible to discuss.

Noam Chomsky

We ought to do good to others as simply as a horse runs, or a bee makes honey, or a vine bears grapes season after season without thinking of the grapes it has borne

Marcus Aurelius (via shorely-noir)

Personally, I think the voting age should be much, higher, not lower. I think it was a mistake to lower it to 18, to be brutally honest… [I]t is a simple fact of science that nothing correlates more with ignorance and stupidity than youth. We’re all born idiots, and we only get over that condition as we get less young. And yet there’s this thing in this culture where, ‘Oh, young people are for it so it must be special.’ No, the reason young people are for it because they don’t know better. That’s why we call them young people…

The fact that young people think socialism is better than capitalism. That’s proof of what social scientists call their stupidity and their ignorance. And that’s something that conservatives have to beat out of them. Either literally or figuratively as far as I’m concerned.

Jonah Goldberg, suggesting conservatives should beat young people ’til they think capitalism is cool.

There’s many problems with Goldberg’s statement, but this one is glaringly obvious: We don’t have capitalism in this country. The game is rigged. For example, we have a financial system that unfairly rewards undue risk by allowing “too big to fail” to become the standard for large financial institutions to receive government help, yet homeowners preyed upon by the same institutions are told “You KNEW the risk” and denied help outright or are given table scraps. And then no regulation is put in place to stop this because freedoms. That’s not capitalism, my friends.

If you want to pretend we have capitalism for a minute, fine – it’s only for the poor. We have capitalism for the poor and socialism for the rich. Remember the first round of bailouts under Bush? We socialized the risk and privatized the profit.

So Mr. Goldberg, if you really want to beat the socialism out of someone, find a Goldman Sachs or Bank of America exec.

Our laws make law impossible; our liberties destroy all freedom; our property is organized robbery; our morality an impudent hypocrisy; our wisdom is administered by inexperienced or mal-experienced dupes; our power wielded by cowards and weaklings; and our honour false in all its points. I am an enemy of the existing order for good reasons.

George Bernard Shaw

Remember, the United States is not a democracy – and has never been intended to be a democracy. It is what is called in the political science literature a polyarchy. A polyarchy is one in which a small sector of the population is in control of essential decision-making for the economy, the political system, the cultural system and so on. And the rest of the population is supposed to be passive and acquiescent.

Noam Chomsky

There is no longer any social necessity for human beings to be treated as mechanical elements in the productive process; that can be overcome and we must overcome it by a society of freedom and free association, in which the creative urge that I consider intrinsic to human nature, will in fact be able to realise itself in whatever way it will.

Noam Chomsky

For the general population, the 99% in the imagery of the Occupy movement, it’s been pretty harsh — and it could get worse. This could be a period of irreversible decline. For the 1% and even less — the .1% — it’s just fine. They are richer than ever, more powerful than ever, controlling the political system, disregarding the public. And if it can continue, as far as they’re concerned, sure, why not?

Take, for example, Citigroup. For decades, Citigroup has been one of the most corrupt of the major investment banking corporations, repeatedly bailed out by the taxpayer, starting in the early Reagan years and now once again. I won’t run through the corruption, but it’s pretty astonishing.

In 2005, Citigroup came out with a brochure for investors called “Plutonomy: Buying Luxury, Explaining Global Imbalances.” It urged investors to put money into a “plutonomy index.” The brochure says, “The World is dividing into two blocs — the Plutonomy and the rest.”

Plutonomy refers to the rich, those who buy luxury goods and so on, and that’s where the action is. They claimed that their plutonomy index was way outperforming the stock market. As for the rest, we set them adrift. We don’t really care about them. We don’t really need them. They have to be around to provide a powerful state, which will protect us and bail us out when we get into trouble, but other than that they essentially have no function. These days they’re sometimes called the “precariat” — people who live a precarious existence at the periphery of society. Only it’s not the periphery anymore. It’s becoming a very substantial part of society in the United States and indeed elsewhere. And this is considered a good thing.