Noam Chomsky. And Stuff.

From Friend Page:

“That’s the standard technique of privatization: defund, make sure things don’t work, people get angry, you hand it over to private capital.” –Noam Chomsky

NOAM Chomsky's treatise or theories make sense in most cases but many are plain ideological overreach. The quixotic idealism (sic) nature of those romantic thoughts makes Noam popular among the New Left or younger activists weaned on the internet. 

       Moreover, I believe, "selective privatization" of certain industries works while others stay state-owned but based on sociocultural variables. For example, Norway is mixed-economy with state ownership (of choice industries) only in strategic areas like energy companies Statoil and Equinor. 

       China owns most of its huge industries, including its 5 globally leading banks, but not Big Tech. China also owns its oil but the CCP is not selling or exporting (saved 'em for rainy days). 

       Anyhow, we need to study cultural facts in both Norway and China. Yet per the quote above, Mr Chomsky is mainly referring to America where private corporations rule. Energy, military, pharma, food, banks etc. Barack Obama tried to nationalize Citigroup and partly nationalized General Motors but it didn't work. 

      Reason why the discrepancy of poor vis a vis rich here is huge but the people are handed sturdy safety nets so they don't really protest their economic plight over issues like abortion, gender, correctness and Trump's mouth. Americans are relatively okay. Not okay means upgrade in prozac or weed. Drama. Even depression is baffling to me. 

       Well, it is really hard to take down America as the world's top superpower. Why would China and Russia bother? World War 3 is bad for business. Beijing and Moscow are obviously fine with BRICS and few loyal allies, which now includes powerhouse Saudi Arabia.

       Meanwhile, the U.S. dollar is the global legal tender (think Bretton Woods) and Washington controls the high seas, especially the most valuable Atlantic Sea. Hence 750 military bases overseas and $800+ billion "Defense" budget. Etc etcetera. America is like what Henry Miller calls "air-conditioned nightmare." All is good, if only America chills, and quit the hawkish brinkmanship a bit. ☮️☮️☮️