Economics @ ITT

Noam Chomsky: Can Civilisation Survive Capitalism?

Posted in economics by ittecon on March 6, 2013

The term “capitalism” is commonly used to refer to the U.S. economic system, with substantial state intervention ranging from subsidies for creative innovation to the “too-big-to-fail” government insurance policy for banks.

The system is highly monopolized, further limiting reliance on the market, and increasingly so…

via Noam Chomsky: Can Civilization Survive Capitalism? | Alternet.

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