‘Plan is recycled Bush/Paulson. We need steps towards democratization.’
The Real News Network – Mar/Apr ’09 (54:45):
Noam Chomsky speaks to Paul Jay on the Obama – Geithner plan. Chomsky says that “they’re simply recycling, the Bush-Paulson measures and changing them a little, but essentially the same idea: keep the institutional structure the same, try to kind of pass things up, bribe the banks and investors to help out, but avoid the measures that might get to the heart of the problem.”
Part One – The Geithner Plan (15:39):
Part Two – Projections, Elections and Democracy (14:07):
Part Three – Moral Hazard and Geopolitical Fallout of the Financial Crisis (13:41):
Part Four – Obama’s “Army” Not Democratic (11:18):
Noam Chomsky is Institute Professor of Linguistics (Emeritus) at the Massachusetts Institute of Technology, known as the “father of modern lingustics”, cognitive scientist, political activist, most cited living author of over 100 books on linguistics, political science, and media, one of the world’s leading intellectuals and of an elite few in the history of the world to be at the top of two fields: linguistics and political science.