#occupywallstreet
jcook818:

The state continues to protect the financial industry. Noam Chomsky’s comments on “free market fantasy” come to mind:

And the principle of really existing free market theory is: free markets  are fine for you, but not for me. That’s, again, near a universal. So  you — whoever you may be — you have to learn responsibility, and be  subjected to market discipline, it’s good for your character, it’s tough  love, and so on, and so forth. But me, I need the nanny State, to  protect me from market discipline, so that I’ll be able to rant and rave  about the marvels of the free market, while I’m getting properly  subsidized and defended by everyone else, through the nanny State. And  also, this has to be risk-free. So I’m perfectly willing to make  profits, but I don’t want to take risks. If anything goes wrong, you  bail me out.

jcook818:

The state continues to protect the financial industry. Noam Chomsky’s comments on “free market fantasy” come to mind:

And the principle of really existing free market theory is: free markets are fine for you, but not for me. That’s, again, near a universal. So you — whoever you may be — you have to learn responsibility, and be subjected to market discipline, it’s good for your character, it’s tough love, and so on, and so forth. But me, I need the nanny State, to protect me from market discipline, so that I’ll be able to rant and rave about the marvels of the free market, while I’m getting properly subsidized and defended by everyone else, through the nanny State. And also, this has to be risk-free. So I’m perfectly willing to make profits, but I don’t want to take risks. If anything goes wrong, you bail me out.

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    One of the best Chomsky quotes
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