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Before the 1970s, banks were banks. They did what banks were supposed to do in a state capitalist economy: they took unused funds from your bank account, for example, and transferred them to some potentially useful purpose like helping a family buy a home or send a kid to college.

Noam Chomsky

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Noam Chomsky
Age: 95
Born: 1928
Born: December 7
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More quotes by Noam Chomsky

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If you go to one demonstration and then go home, that's something, but the people in power can live with that. What they can't live with is sustained pressure that keeps building, organisations that keep doing things, people that keep learning lessons from the last time and doing it better the next time.
Noam Chomsky
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We have a record for Nawaz Sharif but not the others. And judging by the record, it's pretty hard to be optimistic. His [Sharif's] previous governments were very corrupt and regressive in the policies pursued.
Noam Chomsky
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A consistent anarchist must oppose private ownership of the means of production, and the wage-slavery which is a component of this system, as incompatible with the principle that labor must be freely undertaken and under the control of the producer.
Noam Chomsky
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The change between horse and buggy to automobile is a big change and there hasn't been a major change since.
Noam Chomsky
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It's not a free trade agreement. It has virtually nothing to do with free trade... It's a protectionist agreement it's anti free-trade.
Noam Chomsky
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Every great power, every aggressive power has always regarded itself as exceptional and as doing things only for the most moral ends.
Noam Chomsky
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I have never suggested any principled difference between the natural and social sciences.
Noam Chomsky
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No honest journalist should be willing to describe himself or herseif as 'embedded.' To say, 'I'm an embedded journalist' is to say, 'I'm a government Propagandist.
Noam Chomsky
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We can try to gain some of the sensibility of some of the indigenous populations of the world or our predecessors 800 years ago. We can laugh at them as being naive and unsophisticated, but unless we can gain that sensibility that there has to be rights of nature as Bolivians and others put it, then we're going to be destroyed.
Noam Chomsky
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There is always room for Gramsci's optimism of the will.
Noam Chomsky
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I see no anti-Semitic implications in denial of the existence of gas chambers, or even denial of the Holocaust.
Noam Chomsky
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I have no Facebook page or Twitter - I don't participate in it, and I don't like it particularly. I mean, it's a form of interaction, which strikes me as extremely superficial.
Noam Chomsky
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[CIA manipulating] has its roots in internal Pakistani affairs. It's a horrible development and phenomenon which goes back to radical Islamisation under Zia and taking away the long standing rights of people in the tribal areas [who were left largely alone].
Noam Chomsky
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We must present a national persona of being irrational and vindictive, because that's going to terrify people. And then, they'll back off. And this is not [Donald] Trump, this is [Bill] Clinton. It's not [Richard] Nixon, you know. We have to be irrational and vindictive, because that's going to frighten people.
Noam Chomsky
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Somehow the fact of enormous privilege and freedom carries with it a sense of impotence, which is a strange, but striking, phenomenon. The fact is, we can do just about anything. There is no difficulty, wherever you are, in finding groups that are working hard on things that concern you.
Noam Chomsky
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My linguistics is pretty theoretical.
Noam Chomsky
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In the late 1990s, some of the worst terrorist atrocities in the world were what the Turkish government itself called state terror, namely massive atrocities, 80 percent of the arms coming from the United States, millions of refugees, tens of thousands of people killed, hideous repression, that's international terror, and we can go on and on.
Noam Chomsky
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Where are the drug cartels getting their weapons? They are being provided by the United States. Cut off that flow of arms.
Noam Chomsky
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Evolutionary theory has nothing to say, in general, as to whether cheating is more advantageous than cooperating. There are many circumstances in which the contrary would be true, and empirical evidence, though it exists, has little bearing on real situations.
Noam Chomsky
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One of the benefits of a properly functioning democracy is minority rights and majority rule.
Noam Chomsky