Alwaght- American Philosopher Noam Chomsky says his country is rapidly declining on every front including the infrastructure and economic inequality.
Calling the US system“Socialism for the rich, capitalism for the poor”, Chomsky told TruthOut web site that “very time there is a crisis, the taxpayer is called on to bail out the banks and the major financial institutions.”
“Capitalists who made risky investments and failed would be wiped out. But the rich and powerful do not want a capitalist system. They want to be able to run the nanny state so when they are in trouble the taxpayer will bail them out,” he added.
Chomsky referred to the deep gap between the poor and the rich in the US and said “the inequality in the contemporary period is almost unprecedented. If you look at total inequality, it ranks amongst the worse periods of American history.”
“However, if you look at inequality more closely, you see that it comes from wealth that is in the hands of a tiny sector of the population,” he added.
Saying that the ideals referred to as the “American dream” have all collapsed, he said “we shouldn't have too many illusions about when it was partially real. Today social mobility in the US is below other rich societies.”
Responding to a question about the situation of democracy in the US, he said the democracy is now gone and the country has become a plutocracy.
“In fact, the privileged and powerful classes of this country have always sought to find ways to limit power from being placed in the hands of the general population -- and they are breaking no new ground in this regard,” he said.
