Noam Chomsky Quotes


If you're in a system where you must make profit in order to survive. You are compelled to ignore negative externalities, effects on others.


Citations

Chomsky, Noam. Requiem for the American Dream: The 10 Principles of Concentration of Wealth & Power. Seven Stories Press, 2017, p. 25.

Related Quotes

Prior to Baxter the issues in prosecuting an anti-trust case were whether or not the company met the size or market share criterion for application of the anti-trust law and whether the company had committed any of the prohibited acts. Baxter added another hurdle. Namely, that the prosecution must make economic sense for the company, the consumer and/or the nation. Many illegal, immoral and unfair antitrust practices were not prosecuted if there was no economic benefit to doing so. Critics of the new policy argued that nowhere in the language of the anti-trust legislation that prosecution should not take place in the absence of demonstrable economic benefit.


What is interesting about this quotation is that there was great argument at the time that business—in this case coal mining—had an obligation to provide safe working conditions for the miners, require reasonable work hours, and pay a fair wage. Baer and most other industrialists of the time were of the opinion that the only obligation that it owed was to its shareholders. Business had not moral or ethical obligations to workers. Theodore Roosevelt and the reformers of the day challenged that notion, and it seemed to have been resolved in the New Deal of FDR. However, in the last quarter of the 20th century, there was a conservative economic and political movement that went back to this position of Baer’s. While many corporations adapted that view in the 21st century, many did not, and some like Starbucks and Google urged an even greater ethical obligation to workers than ever.


Noam Chomsky
Noam Chomsky
  • Born: December 7, 1928
  • Nationality: American
  • Profession: Activist

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.