Noam Chomsky Quotes


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This is one of the earliest expositions of the legal and economic doctrine that if a borrower is made unable to pay the interest and principle of the loan by an act beyond anyone’s control. The obligation to pay for that year is cancelled. In modern times most cultures go the other way. When the banks caused the economic Meltdown of 2008, millions of Americans could not pay their loan obligations and mortgages. They received no relief whereas in the “primitive” world of 4,000 years ago they would have relief for that year. Note the subtle difference in Hammurabi {611462} where someone had prepaid and rented land for a year and the crop fails, and this situation where there is borrowed money.


She improved the economy considerably but was stuck in a socialized economic ideology that inhibited major private sector growth, without which it is impossible to eliminate poverty and with which excessive greed can also produce poverty.


This quotation illustrates the method by which the Ancient Jews (also modern ultra orthodox Christians and Jews coped with the problem of inequality of wealth and the problem of a permanent poor and debtor class. It was a form of redistribution of wealth. As a practical manner, this passage had a profound influence on the Jewish and early Christian cultures. Namely there was not a great deal of lending or borrowing amongst the Jews. However, Jews were able to obtain repayment for longer than the 7 years if they made a loan to foreigners. The early Christians had the same stricture. So Jews could lend money to Christians and Christians to Jews without being required to forgo collection ever 7th year. So for Christians, Jews were money lenders which is where the Jewish money lender stereotype had its origin.


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.