What do Takism Square, Google Glass, Trans Pacific Partnership and NSA have in common? Find out in this interview with Noam Chomsky.
On the Trans-Pacific Partnership, the pending trade deal critics are calling “NAFTA on steroids”:
These are patent rules so high, if they’d existed in 19th century the US would be an agricultural producer today… What we now call “piracy” is the way the rich countries developed. There’s a phrase for it in trade theory: kicking away the ladder. First you violate all the rules, then by the time you get rich you kick away the ladder so others can’t do it too and you preach about “free trade.”
This conversation was recorded backstage at the Left Forum in New York, June 8, 2013.
On July 1, interest rates will double for millions of students – from 3.4% to 6.8% – unless Congress acts; and the legislative fixes on the table are largely just compromises. Only one proposal promises real relief – Sen. Elizabeth Warren’s “Bank on Students Loan Fairness Act.” This bill has been dismissed out of hand as “shameless populist demagoguery” and “a cheap political gimmick,” but is it? Or could Warren’s outside-the-box bill represent the sort of game-changing thinking sorely needed to turn the economy around?
An interesting contrast is playing out at the White House these days—between your expressed praise of General Electric’s CEO, Jeffrey R. Immelt and the silence regarding the widely desired nomination of Elizabeth Warren to head the new Consumer Financial Regulatory Bureau within the Federal Reserve.
If the United States is not kaput it is certainly withering away even as a rich upper class enjoys all the things that money buys. There is massive, widespread economic pain inflicting a huge fraction of Americans who are unemployed, underemployed, relying on food stamps, losing their homes, and who are feeling totally insecure financially. This maintains sluggish consumer spending that makes necessary economic growth impossible.
The corporate bigwigs meanwhile are essentially using economic blackmail as they sit on trillions of dollars in cash, refusing to invest their capital and making great profits because they have cut workers and increased productivity. They want even more benefits from government that they think Republicans will give them.
It is time for you to give taxpayers, consumers, and investors a reason to believe that you are truly interested in consumer protection by nominating Professor Elizabeth Warren to be the Director of the much-anticipated Consumer Financial Protection Bureau (CFPB). Professor Warren combines rigorous scholarship, a superb sense of needed change and clear ways to communicate those needs to families and individuals around the country. Consumer leaders know that Professor Warren has been a strong and talented Chair of the Congressional Oversight Panel (COP) reviewing the current state of financial markets and the regulatory system.
In addition, Professor Warren had the vision and good sense to propose and advocate for the creation of an entity much like the Consumer Financial Protection Bureau.