In fact, Chomsky often argues most markets are not free because of the massive teams of trained psychologists who work in propaganda -- i.e. public relations, to try to ensure capitalism does not work correctly, by misinforming consumers and making sure they act irrationally, at odds with the healthy behavior of a market.
So yes, it's not capitalism, but idealized capitalism is a ridiculous impossible goal that doesn't really exist because the market incentivizes people with power to subvert and destroy functioning markets.
Re:The death of neoliberalism from within
by coupdetaco on Friday June 03, 2016 @10:22PM
(#11834611)
Noam Chompsky refutes right-wing libertarianism: https://www.youtube.com/watch?v=NajQTN9qhXg
Re:The death of neoliberalism from within
by bubbleRefuge on Friday June 03, 2016 @01:49PM
(#11831911)
OMG. Very true. The hypocrisy is sickening and finally people are waking up to it. For example, look at Paul Ryan. Tea Party, no-liberal , yada, yada, yada comes from a privileged wealth family owning a construction business fed from government contracts.
Uhm... no. Him being from a wealthy family is not an example of hypocrisy. Nor is his family business being fed with government contracts. You've _badly_ misunderstood the issue if you think that's hypocrisy.
The question is... has he been a strong proponent of extra licensing requirements for government contractors. Licensing requirements that his family is able to easily handle, but will push out smaller competitors. That would be hypocrisy.
Has he supported legislation against subcontracting or legislation that artificially limits who the government (or private industry) can hire?
It's not hypocritical to offer services to the government. You're confusing neoliberals with anarchists.
Re:The death of neoliberalism from within
by elgabogringo on Friday June 03, 2016 @02:29PM
(#11832227)
Um... Paul Ryan != Tea party.
Re:The death of neoliberalism from within
by coupdetaco on Friday June 03, 2016 @08:57PM
(#11834321)
capitalists don't like competition because the goal is to make a profit
What’s called the capitalist system is very far from any model of capitalism or market. Take the fossil fuels industries: there was a recent study by the IMF which tried to estimate the subsidy that energy corporations get from governments. The total was colossal. I think it was around $5 trillion annually. That’s got nothing to do with markets and capitalism.
https://www.jacobinmag.com/2015/09/noam-chomsky-bernie-sande...
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The problem is that capitalists use the language of free markets, but are not actually proponents of its wide application, just where it benefits them. Or to put it more pithily: capitalists don't like capitalism. So you get localized deregulations and strong regulations (example [1]) where it benefits them. But we should distinguish the cases.
[1] http://www.wsj.com/articles/trade-groups-for-chemical-firms-...