Published by Alma
By C.J. Polychroniou, Truthout | Interview
How did we reach a historically unprecedented level of inequality in the United States? A new documentary, Requiem for The American Dream, turns to the ever-insightful Noam Chomsky for a detailed explanation of how so much wealth and power came to be concentrated in so few hands. Click here to order this DVD by making a donation to Truthout today!
The United States is rapidly declining on numerous fronts — collapsing infrastructure, a huge gap between haves and have-nots, stagnant wages, high infant mortality rates, the highest incarceration rate in the world — and it continues to be the only country in the advanced world without a universal health care system. Thus, questions about the nature of the US’s economy and its dysfunctional political system are more critical than ever, including questions about the status of the so-called American Dream, which has long served as an inspiration point for Americans and prospective immigrants alike. Indeed, in a recent documentary, Noam Chomsky, long considered one of America’s voices of conscience and one of the world’s leading public intellectuals, spoke of the end of the American Dream. In this exclusive interview for Truthout, Chomsky discusses some of the problems facing the United States today, and whether the American Dream is “dead” — if it ever existed in the first place.
C.J. Polychroniou: Noam, in several of your writings you question the usual view of the United States as an archetypical capitalist economy. Please explain.
Noam Chomsky: Consider this: Every time there is a crisis, the taxpayer is called on to bail out the banks and the major financial institutions. If you had a real capitalist economy in place, that would not be happening. Capitalists who made risky investments and failed would be wiped out. But the rich and powerful do not want a capitalist system. They want to be able to run the nanny state so when they are in trouble the taxpayer will bail them out. The conventional phrase is “too big to fail.”