Summary of Noam Chomsky's Profit Over People

Everest Media

Description

Please note: This is a companion version & not the original book.
Sample Book Insights:
#1 The term neoliberalism is used to describe a system of principles that is both new and based on classical liberal ideas. The doctrinal system is also known as the Washington consensus, which suggests something about global order.
#2 The neoliberal Washington consensus is an array of market-oriented principles implemented by the United States and international financial institutions that largely control it. The basic rules are: liberalize trade and finance, let markets set price, and inflation.
#3 The term stability is used to describe threats to the interests of the elites. These threats include nationalist regimes that are responsive to the demands of their populations, and thus pose a threat to the elites’ demand for repatriation of profits and protection of their raw materials.
#4 The United States has retained its dominant role in the world, though new challenges are arising, including European and East Asian competition in South America. The most important changes took place twenty-five years ago, when the Nixon administration dismantled the postwar global economic system.

Sujets

• Political Science
• Public Policy
• Economic Policy

Informations

• Publié par: Everest Media LLC
• Date de parution: 14 mai 2022
• Nombre de lectures: 0
• EAN13: 9798822508804
• Langue: English
• Poids de l'ouvrage: 1 Mo

Extrait

Insights on Noam Chomsky's Profit Over People
Contents Insights from Chapter 1 Insights from Chapter 2 Insights from Chapter 3 Insights from Chapter 4 Insights from Chapter 5 Insights from Chapter 6
Insights from Chapter 1

#1

The term neoliberalism is used to describe a system of principles that is both new and based on classical liberal ideas. The doctrinal system is also known as the Washington consensus, which suggests something about global order.

#2

The neoliberal Washington consensus is an array of market-oriented principles implemented by the United States and international financial institutions that largely control it. The basic rules are: liberalize trade and finance, let markets set price, and inflation.

#3

The term stability is used to describe threats to the interests of the elites. These threats include nationalist regimes that are responsive to the demands of their populations, and thus pose a threat to the elites’ demand for repatriation of profits and protection of their raw materials.

#4

The United States has retained its dominant role in the world, though new challenges are arising, including European and East Asian competition in South America. The most important changes took place twenty-five years ago, when the Nixon administration dismantled the postwar global economic system.

#5

The so-called Communist states were outside this global system. By the 1970s, China was being reintegrated into it. The Soviet economy began to stagnate in the 1960s, and the whole rotten edifice collapsed 20 years later.

#6

The first major experiment in economic development was carried out by the British in India two hundred years ago, when they implemented the Permanent Settlement. The results were reviewed by an official commission forty years later, which concluded that the settlement had done very little good and had instead subjected the lower classes to most grievous oppression.

#7

The first great experiment was a failure for the subjects, but not for the designers and local elites associated with it. The consistency of the record is no less impressive than the rhetoric hailing the latest showcase for democracy and capitalism as an economic miracle.