Noam Chomsky Quotes
In a capitalist system, there's a principle that if you invest, especially in a long-term risky investment, if something comes out of it, you're supposed to get the profit. It doesn't happen in our system. The taxpayer paid for it and gets nothing - assumes all of the risk, gets zero. The money goes into the pockets of Bill Gates and Steve Jobs, who are ripping off decades of work in the public sector.
Chomsky, Noam. Requiem for the American Dream: The 10 Principles of Concentration of Wealth & Power. Seven Stories Press, 2017.
The socialist extremists wanted the state to own all the major businesses which would be operated without a profit allowing more money to be paid to the workers without any price increase for the consumer. Yet, many of them wanted the innovation and other virtues of the private sector and few were ready to take on the political chaos that would be involved in eliminating private ownership of businesses. Crosland forced them to logically accept the concept of profits as desirable for the society.
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.