Noam Chomsky: "Free Markets?"
Why Hacker News recommends it
Linked repeatedly in threads on monopolies, protectionism, and subsidies, usually as a source for the argument that free markets are an ideology more than a reality.
What it is
A 1997 Noam Chomsky talk at Northeastern University about the gap between free-market rhetoric and practice. He argues that business relies heavily on state intervention, and he discusses trade, NAFTA and labour versus capital mobility.
Recommended by 2 HN commenters across 2 different months, 2014 to 2020.
What Hacker News said
Recommends vishnugupta · 2014-03 · on “Facebook Refused No-Poaching Agreement With Google”
This has been the case with several industries (manufacture, service to name a couple) ever since the capital was globalized beginning from late 80's. The difference is that the collusion is a part of some trade agreement (GATT etc.,) where labor movement between nations is severely restricted or banned altogether and capital movement is encouraged in the name of liberalization! This has resulted in industries being shut down at a massive scale in US where labor costs are higher and moved to a country where labor is cheap (China, India and so on) and also less regulated ("flexible" is the word used). As a bonus companies get to flout just about every environmental regulation which are non-ex
Recommends monster99 · 2019-08 · on “Amazon wants to control third-party sellers’ product pricing”
I don't believe in the ideologies of the time, call me a doubting thomas that the human race is actually intelligent. I know too much about how human beings and corporations actually function to believe in free market mythology. See here for if you want more acedemic take: [this video] There are all sorts of things wrong in reality with how capitalism actually functions. The reality is most people are too irrational and too stupid for any market to function as a "market". The videogame "market" is a perfect example. For the first 20-30 years of PC game history, we were getting good software for a fair price. Then the masses got internet and shit went sideways. AKA people started buying software t
Cites Umn55 · 2014-12 · on “The world is not falling apart: The trend lines”
"How can we be better than we are now?" By getting informed on what is REALLY happening, i.e. if you are participating in electoral democracy, you're part of the misinformed set. Reasoning and the human brain doesn't work the way we thought it did: [LINK] Manufacturing consent [LINK] Most have no clue what's really going on in the world... the elites are afraid of political awakening. This (mass surveillance) by the NSA and abuse by law enforcement is just more part and parcel of state suppression of dissent against corporate interests. They're worried that the more people are going to wake up and corporate centers like the US and canada may be among those who also awaken. See this vid with
Cites Umn55 · 2015-10 · on “White Hat Hackers Would Have Their Devices Destroyed Under the TPP”
First realize what is going on and why, watch the science video, then manufacturing consent then the rest. The elites fear political awakening, thats why all this is happening. First, our brains are much worse at reality and thinking than thought. Science on reasoning: [LINK] The (mass surveillance) by the NSA and abuse by law enforcement is just more part and parcel of state suppression of dissent against corporate interests. They're worried that the more people are going to wake up and corporate centers like the US and canada may be among those who also awaken. See this vid with Zbigniew Brzezinski, former United States National Security Advisor. [LINK] Brezinski at a press conference [LIN
Cites Umn55 · 2015-10 · on “Why Video Games Have Launch Problems”
>I don't know what dedicated servers has to do with it? First see the science, I can tell you the facts and figures and you won't reason to the conclusion correctly. [LINK] If you wanted to avoid "back end problems" (aka problems with 'stressing servers' because of your desire for locked down games where the server code is never released to the public) then you should allow gamers to run their own servers using server software like what games did in the 90's - problem solved. The corporate world basically stole gamers ability to own and run servers and since most gamers are 100's of miles away from these game companies they get away with it. The free market simply cannot work when buyer and
Cites Umn55 · 2015-11 · on “Did the FBI Pay a University to Attack Tor Users?”
"but that they were launching active attacks and using the results in an unethical manner, i.e. to conduct possibly-illegal criminal investigations." That's the history of the US in an nutshell. You really need to bone up on your history... [LINK] Our brains are much worse at reality and thinking than thought. Science on reasoning: [LINK] Protectionism for the rich and big business by state intervention, radical market interference. [this video] Energy subsidies [LINK] Intereference in other states when the rich/corporations dont get their way [LINK] From war is a racket: "I helped make Mexico, especially Tampico, safe for American oil intersts in 1914. I helped make Haiti and Cuba a decent place
Cites Umn44 · 2016-02 · on “How to Fix Tech’s H-1B Problem”
I don't think you understand what he is getting at, the business classes are protected and subsidized by state power, the people who own society and the majority of businesses people work at are shielded from market competition by the state. The vast majority of the population however is not, individually they would want to protect their incomes and their jobs, the same way the upper class uses state power to protect themselves from competition from other states the masses via state subsidies. The state intervenes on behalf of employers to keep wages down. WIKILEAKS: U.S. Fought To Lower Minimum Wage In Haiti So Hanes And Levis Would Stay Cheap [LINK] Protectionism for the rich and big busin
Cites Umn44 · 2016-03 · on “The connection between modern slavery and ecological disaster”
>I've never even heard of this, Then you should read up on history. Our brains are much worse at reality and thinking than thought. Science on reasoning: [LINK] Overthrowing other peoples governments [LINK] Wikileaks on TTIP/TPP/ETC [LINK] Protectionism for the rich and big business by state intervention, radical market interference. [this video] Energy subsidies [LINK] Intereference in other states when the rich/corporations dont get their way [LINK] From war is a racket: "I helped make Mexico, especially Tampico, safe for American oil intersts in 1914. I helped make Haiti and Cuba a decent place for the National City Bank boys to collect revenues in. I helped in the raping of half a dozen Centr