• Categories

  • The Golden Rule

    “That which is hateful to you do not do to another ... the rest (of the Torah) is all commentary, now go study.”

    - Rabbi Hillel
  • Enter your email address to follow this blog and receive notifications of new posts by email. Remember to click "manage" to set your preferences, such as daily or immediate and the time of delivery.

  • Subscribe Via Email

  • Lists of posts and videos

    Dandelion Salad Videos

    Dandelion Salad Posts

    Don’t Enlist, But Don’t Just Take My Word For It by Lo
    Please pass this on to anyone you know who may be considering enlisting as a soldier (mercenary).

  • Amendment I

    Congress shall make no law respecting an establishment of religion, or prohibiting the free exercise thereof; or abridging the freedom of speech, or of the press; or the right of the people peaceably to assemble, and to petition the government for a redress of grievances.
  • Disclaimer:

    The views and/or opinions posted on all the blog posts and in the comment sections are of their respective authors, not necessarily those of Dandelion Salad.

    All content has been used with permission from the copyright owners, who reserve all rights, and that for uses outside of fair use (an excerpt), permission must be obtained from the respective copyright owner.

  • The Internet is Under Attack

  • US Deaths in Afghanistan: Obama vs Bush. Click here to learn more.

Can Civilization Survive Capitalism? by Noam Chomsky

Dandelion Salad

by Noam Chomsky
In These Times
March 5, 2013

There is “capitalism” and then there is “really existing capitalism.”

The term “capitalism” is commonly used to refer to the U.S. economic system, with substantial state intervention ranging from subsidies for creative innovation to the “too-big-to-fail” government insurance policy for banks.

[...]

The official doctrines suffer from a number of familiar “market inefficiencies,” among them the failure to take into account the effects on others in market transactions. The consequences of these “externalities” can be substantial. The current financial crisis is an illustration. It is partly traceable to the major banks and investment firms’ ignoring “systemic risk”—the possibility that the whole system would collapse—when they undertook risky transactions.

Environmental catastrophe is far more serious: The externality that is being ignored is the fate of the species. And there is nowhere to run, cap in hand, for a bailout.

[...]

via Can Civilization Survive Capitalism? – In These Times
see

Noam Chomsky: Public Education and The Common Good (2013)

Capitalism Stands As A Death Sentinel Over Planetary Life by Chris Williams

The Myth of Human Progress by Chris Hedges

About these ads

3 Responses

  1. […] Can Civilization Survive Capitalism? by Noam Chomsky […]

  2. [...] Can Civilization Survive Capitalism? by Noam Chomsky (dandelionsalad.wordpress.com) [...]

Please add to the conversation.

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s