When Elites Fail
Program #CHON201. Recorded in Portland, OR on October 02, 2009.
Chomsky gives the keynote at the Econvergence conference. "What to do when elites fail? There is a simple answer. Get rid of them. It's going to be a long struggle. But the first question to ask is do they really fail?" Adam Smith pointed out, The principal architects of policy in England make sure their own interests are very well served no matter how grievous the effect on others. The outlines from Smith's time to today are fairly consistent. The powerful protect their interests. Chomsky talks about the democratic deficit: the gap between public opinion and policy. Interesting discussion on democracy juxtaposing Aristotle and Madison. Lecture is followed by Q&A.
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