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Noam Chomsky in Eugene, April 20, 2011
The religious faith that markets will sort everything out and are efficient (cf. Joseph Stiglitz) is overthrown. Enron, Tepco and the trillions poured out for Wall Street banks show that business undermines democracy and the market. Business does not want enlightened consumers making rational choices but unenlightened consumers making irrational choices.
The religious faith that markets will sort everything out and are efficient (cf. Joseph Stiglitz) is overthrown. Enron, Tepco and the trillions poured out for Wall Street banks show that business undermines democracy and the market. Business does not want enlightened consumers making rational choices but unenlightened consumers making irrational choices.
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