Capitalism: Fantasies & Realities
Program #WOLR011. Recorded in New York, NY on July 22, 2015.
The stories spun about the economy are more akin to fairy tales. The most popular one, endlessly repeated, is that if you work hard you’ll get ahead. Another is trickle down. Remember that one? The fat cats get fatter and you’ll benefit by getting the leftover crumbs. It’s a wonder after decades of breathtaking income and wealth inequality and flat wages for most workers that these tales are still told. Noam Chomsky talks about "really existing capitalism," dependent on state subsidies, tax breaks and loopholes. The drift to oligarchy continues unabated. Corporate power is dominant. It has tremendous political influence. The media fail to inform. In spite of all that, people all over the world, tired of enduring the lies and deprivations, are asking questions about the fantasies and realities of capitalism.
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