Noam Chomsky Quotes
A basic principle of modern state capitalism is that costs and risks are socialized to the extent possible, while profit is privatized.
Chomsky, Noam. Profit Over People: Neoliberalism and Global Order. Seven Stories Press, 1999.
1st Viscount Snowden. Nationalization is when a nation or state determines that certain industries of areas of the economy should be reserved for the government to operate. Private companies, if they have been operating a nationalized industry losse their rights to continue in that business and may even lose their physica assets in which case th form is supposed to be paid a fair price. In 21st century America we have very few nationalized industries. One of these is the manufacture of nuclear weapons. Communist counties have many if not most of the economy nationalized. From the 19th century socialism has evolved from a belief that most people will best be served by nationalization of most of th major economic functions. However, over time this did not meet Socialism’s other objectives and nationalism became less popular with socialists. Snowden, a leading socialist, wanted to get rid of the concept entirely, and today there are very few situations where there are calls for nationalis. Even the few remaining communist nations are privatizing (the opposite of nationalizing) some of their economy.
Avram Noam Chomsky is an American linguist, philosopher, cognitive scientist, historian, social critic, and political activist. Sometimes called "the father of modern linguistics", Chomsky is also a major figure in analytic philosophy and one of the founders of the field of cognitive science. He is Laureate Professor of Linguistics at the University of Arizona and Institute Professor Emeritus at the Massachusetts Institute of Technology (MIT), and is the author of more than 150 books on topics such as linguistics, war, politics, and mass media. Ideologically, he aligns with anarcho-syndicalism and libertarian socialism.
