The World is a fine Place and worth fighting for, I believe in the latter part. - Ernest Hemmingway, Andrew Kevin Walker

Thursday 1 July 2010

Chomsky on the Pentagon system.

The Pentagon system is a sort militarised Keynesianism that emerged in the US following WW2. Basically it means that the government funds research and then this research is handed off to corporations who profit from this research, essentially having the government subsidise big business. This is an early example of the now entrenched system of socialising the risk and privatising the reward. It is simply the biggest refutation of the ideologies of the two US political parties and shows just how fucking dumb libertarians are.

Anyway Noam Chomsky wrote a far better summary of the system in 1993 and examined where the system was going now the cold war was over. In spite of not knowing the War on Terror would happen it pretty much accurately predicted where we are today by infering how the Pentagon system would be used to make the poor poorer and the rich richer. He goes into much more detail of course. Read it here

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