international economic forum is a unique. business world. over the last twenty one years the forum has become a leading global platform for discussing the key economic issues facing russia emerging markets the world thousands of business community members attend the forum to address today's a vital issues. special forum coverage on r.t. . i'm on chance am i unfairly at mit and i am. getting more headlines as a war activities for the last few years. noam chomsky has made to international reputation why does does is one of the national leaders of american resistance to the vietnam war the deepest is

a professor of linguistics who before he was forty is also a transformed the nature of his subject. you are identified with a new level whatever that is you certainly have been an activist as well as a writer. your time scale. is wasted in anybody's catalog monkey app doesn't top your rows of them you let. this dandy achieved by adopting over the past two or three years a series of adamant. rejecting at least american foreign policy at most america itself. budget this notion that he american is quite an interesting one sashes to tell tarion the ocean is used in free societies so if someone and say italy

is criticizing barrels going me. corruption in the italian state and soon then a cold he. thinks they are cold indeed then people would collapse and laughter in the streets of rome or milan. to tell a terran states the notions used so in the old soviet union dissidents were cold. that was the worst condemnation. of the brazilian military dictatorship they were gold in the brazilian. no it's true that in just reading every society the critics are maligned. or mistreated different ways depending on the nature of the society like them so it unions they would be imprisoned. in a us dependency like el salvador at the same time as careful as it either brains blown up by a us or

a state terrorist worse than others is it just condemned their villa from the zone in the united states or one of the terms of abuse is anti american and there's a couple of others like you know more because there's an array of terms of abuse. of in the united states in a very high degree of freedom and so if you're vilified by some commas or who cares to go on to your work anyway at least concepts only arise in a culture where if you criticize state power and when i state i mean. we're generally not just government but state corporate power if you criticize concentrated power you're against the society you're against the b. it's quite strange in that it's used in the united states in fact it's very narrow the only democratic society with the concept isn't just ridicule and it's a sign of. elements of the elite culture which are the great ugly.

the american dream mike many ideals was partly symbolic but partly real so in the one nine hundred fifty s. and sixty's it was the biggest growth period in. american economic history.

gold paint. it was pretty gala tarion growth so the lowest fifth of the population was improving about as much as the upper fifth. and there were some welfare state measures which improved life for much of the population it was for example possible for a. black worker to get a decent job in an auto plant. get a core of children go to school and so on and the same across the board. when the u.s. was. primarily a manufacturing center it had to be concerned with its own consumers here famously henry ford raise the salary of his workers who would be able to buy cars. when you're moving into an international tunnel me as the banks like call it

a little small percentage of the world's population that's a gathering increasing wealth what happens to american consumers at a much less concern because most of them aren't going to be consuming your products anyway at least on a major basis. your goals or profit in next quarter even it if it's based on financial manipulation and. high salary high bonuses produce overseas if you have to and produce for the it will. see classes here and their counterparts abroad what about the rest well there's a term coming in to use for them to as they're called the precariat. precarious proletariat the working people of the world who live increasingly precarious lives . and it's related to the attitude toward the country altogether.

during the period of great growth of the economy fifty's and sixty's but in fact earlier taxes on the wealthy were far higher corporate taxes were much higher taxes on dividends are much higher simply taxes on wealthier much rare the tax system has been redesigned of so that the taxes that are paid by the very wealthy are reduced and cursed ponderingly the tax burden on the rest of the populations increased. no the shift is towards trying to keep taxes just done in wages and on consumption which everyone has to do not say and dividends which i go to the rich.

the numbers are pretty striking. now there's a pretext of course there's always a pretext the pretext in this case is well that increases investment in increases jobs but there isn't any evidence for that if you want to increase investment give money to the poor and the working people they have to keep alive so they spend their incomes that stimulates production and stimulates investment that leads to job growth and so much. if you're an ideologist for the masters you have a different line and in fact right now it's almost absurd and corporations have money coming out of their pocket. so in fact general electric are paying zero taxes and have enormous profits let them take the profits somewhere else or go for it but not pay taxes and this is. the major american

corporations shift the burden of sustaining a society on to the rest of the population. solidarity is quite dangerous from the point of view of the masters you're only supposed to care about yourself and not about other people this is quite different from the people they claim are their heroes like adam smith who based is whole approach to the economy on the principle that sympathy is a fundamental human trait but that has to be driven out of people's heads gotta be for yourself father while maxon don't care about others which is ok for the rich and powerful but it is devastating for everyone else.

and it's taken a lot of effort to try to drive these basic human emotions out of people's heads. and we see it today in policy for major for example in the attack on social security. social security is based on a principle it's based on a principle of solidarity saw bury it in caring for others. a social security means i pay payroll taxes so that the widow across town can get something to live on. for a much of the population that's what this of iowa. it's of no use to the very rich a so therefore there's a concerted attempt to destroy it. and one of the ways is defunding it you want to destroy some system first defund it. and then him work people be angry they

want something else that's a standard technique for them privatizing some system. we see it in the attack on public schools. public schools are based on the principle of solidarity. i no longer have children in school their grown up but the principle of solidarity says i happily pay taxes so that the kid across the street can go to school that's normal human emotion and it drives it out of people's heads i don't have kids in school why should i pay taxes privatized it so on. the public education system all the way from kindergarten to higher education is under severe attack i mean that's one of the jewels of americans say.

go back to the golden age again the great chris period the fifty's and sixty's a lot of that is based on free public education. and one of the results of the second world war was the g.i. bill right which enabled veterans remember that's a large part of the back relation to go to college they would have been able to do otherwise with a century good free education where communities date or nation regularly and best substantial share of that resources in education the investment invariably it returned in better business and a higher standard of living u.s. was way in the lead in developing extensive mass public education at every level. but now more than half the states most of the funding for the colleges comes from two issues not from the state that's a radical change that's a terrible burden on students it means that students if they don't come from very

wealthy families they're going to leave college with big debt and if you would think that you're trapped i mean maybe you wanted to become a public interest lawyer but you're going to have to go into a corporate law firm to. if those dead by the time you're part of the culture you need are going to get out of it and that's true trust board.

wrong. just don't all. get to shape out just because that's ahead and in. equals betrayal. one song many find themselves worlds apart we choose to look for common ground. it's a church air con i'm a there is to cater for the worlds that unless that exist in america sal if i go into a big bank that bank of america citibank was fargo bank and i say i want to borrow hundred thousand dollars and i why it's our three zero percent interest rate on that and then i want the cause of that hundred thousand dollars that your bank and allied pay me five percent on and i want to therefore collect all that they can get

a tax free and i do that now that but it back to do that. in twenty forty you know bloody revolution to correct the demonstrations going from being relatively peaceful political protests to be increasingly violent revolution is always spontaneous or is it just the lawyer i mean your list put video through in the new bill is that i would split needle the former ukrainian president recalls the events of twenty fourteen. of those who took part in this today over five billion dollars to assist ukraine in these and other goals that will ensure a secure and prosperous and democratic. in the one nine hundred fifty s. is a much poorer. day when the us could easily be centrally free. higher

education today a much richer society doesn't have the resources for. just what's going on right before. it's the general attack on the principles that i mean not only are the humane there the basis of the prosperity and health of this society. if you look over the history of regulation say a railroad regulation financial regulation and so on and you find that quite

commonly it's it's either initiated by the economic. concentrations that are being regulated or it's supported by them and the reason is because they know that sooner or later they can take over the regulators. and it ends up with what's called regulatory capture. the business being regulated is in fact running the regulators. bank lobbyists are actually writing the laws of financial regulation gets to that extreme. and that's been happening through history and again it's a pretty natural tendency when you just look at the distribution of power. one of the things that expanded enormously in the one nine hundred seventy s.

is lobbying as the business world moved sharply to try to control legislation. business world was pretty upset by the advances in a public welfare in the sixty's and in particular by richard nixon and it's not to will understand that but he was the last new deal president and they regarded that as class treachery. and nixon's administration you get the consumer safety legislation safety and health regulations in the workplace the e.p.a. the environmental protection agency. business didn't like it of course they didn't like that taxes. they didn't like the regulation and they began a coordinated effort to try to overcome it. lobbying sharply increase the regulation and begin with the rule ferocity. there were no financial crashes in the fifty's and the sixty's because the regulatory apparatus of the new

deal was still in place. as a pm to be dismantled under business pressure and political pressure. to get more and more pressures. and it goes on right through the years of. the seventy's sort of starts begin. eighty's really takes off congress was asked to approve federal loan guarantees to the auto companies about the want and want to have a billion dollars and all of this is quite safe as long as you know the government's going to come to your rescue so take say reagan instead of letting them pay the cost break and build out the banks like continental the biggest bail out of american history at the time that she ended his term with so the huge financial crisis the savings and loan crisis and the government moved in and build it out for a family that he handed it in a diary saving

a fair lady and hundred ninety nine regulation words dismantled to separate commercial banks from investment banks. and then come see bush and obama bill and bear stearns is running to the feds to stay afloat president bush today defended the decision to bail out citi group that in may and freddie macin ask for a total after being million dollars more israel out could get much bigger billing even in troubles for the u.s. economy. and they're building up the next term. b. each time the taxpayer is called on to bail out those who created the crisis increasingly the major financial institutions. in

a capitalist economy you would do that in a capitalist system that would worry about the investors who made risky investments but the rich and powerful they don't want to capitalist system they want to be able to run to the nanny state as soon as they're in trouble and get billed a taxpayer it's called the too big to fail. i mean there are no will or it's an economics who significantly disagree with the course that we're following people like just stiglitz paul krugman others none of them were even approached the people picked to fix the crisis were those who created the robert rubin crowd the goldman sachs croak they created the crisis are no more powerful than before is that accident well not when you pick those people to create an economic plan and then what do you expect to happen. meanwhile for the poor

let market principles prevail don't expect any help from the government the government's the problem not the solution and so on that's essentially neo liberalism and it's has this dual character which goes right back in economic history one set of rules for the rich opposite set of rules for the poor. and nothing surprising about this exactly the dynamics you expect if the population allows it to proceed she's going to go on and on like this until the next crash which is so much expected that credit agencies which kind of evaluate the. status of firms are now counting into their calculations the taxpayer bailout that they expect to come in after the next crash which means that the beneficiaries of these credit ratings like the big banks they can borrow money more cheaply they can push out smaller competitors and you get more and more concentration everywhere you look

policies are done this way which should come as absolutely no surprise to anyone that's what happens when you put power into the hands of a narrow sector of will which will is dedicated to increasing power for itself just as you'd expect. be. a. concentration of wealth yields concentration of political power. particularly so as the cost of elections skyrockets which kind of forces the political parties into the pockets of major corporations. the citizens united this was january two thousand and nine i guess that's

a very important decisions prim court decision but it has a history and you got to think about the history. of fourteenth amendment has a provision that says no person's rights can be infringed without due process of law. and the intent clearly was to protect freed slaves said ok they have got the protection of the law i don't think it's ever been used for freed slaves if ever marginally almost immediately it was used for businesses corporations their rights can't be infringed without due process of law so they gradually became persons under the law. corporations or state created legal fictions. maybe they're good maybe they're bed but to call them persons is kind of rages so they get got personal rights back about

a century ago and that extended through the twentieth century. as they give corporations rights way beyond what persons have so if say general motors invests in mexico they get national rights the rights of the mexican business well the notion of person was expanded to include corporations it was also restricted if you take the fourteenth amendment literally that no undocumented alien can be deprived of rights if they're persons. undocumented aliens who are living here and building your buildings clear lawns and so on they're not persons. but general electric is a person an immortal super powerful person this perversion of the. elementary morality and the obvious meaning of the law is quite incredible.

in the one nine hundred seventy s. the courts decided that money is a form of speech. but the first value and then you won through the years to citizens united which says that the right of free speech of corporations namely spend as much money they want can't be curtailed. take a look what that means it means that corporations which anyway have been pretty much buying elections are now free to do it with virtually no constraint as tremendous attack on the residue of democracy. interesting to read the rulings like justice kennedy's swing food his ruling said well look after all the c.b.s. is given freedom of speech there are corp why shouldn't general electric be free to spend as much when to use that one. i mean it's true that c.b.s. has given treat of speech but they're supposed to be performing

a public service that's why that's what the press is supposed to be a general electorate is trying to make money for the chief executive some of the shareholders. sitting critical decisions and it puts the country in a position where business power is greatly extended beyond what it always was this is part of that vicious cycle the supreme court justices are put in by reactionary presidents who get in there because they're funded by business and that's the way the cycle works. and will make us manufacture constantin instance of public wealth. when the

ruling classes protect themselves. in the final merry go round. the one percent. we can all middle of the room six. million marinoni. up in a sort of. some other if if good fight if. someone who needed it was and i don't that. losing is its appeal to all of the good of that all you want to go to the banana that it's a team that mean that you'll know ball. enough well it was pretty good way to lose a room but i would choose the two which could go i'm going down with them.

here do you mean your money you know did you answer the storm in the lead here sort of my look down from mood subversion to doing the clue to your coconspirators sumeria. as opposed to see on his attorney no name for you. going to one close the loop the key. you know which if. it was a renewal if they give you two you know you get a new suit of those who know people who supposed to its limits we could see that it was pretty. good. and that's the ticket. if you ask if that's the finish if you are right that you give all.

the top stories this hour a former u.s. government security system is facing up to fifteen years in prison after being charged of leaking classified documents on u.s. drone war for the prince. also ahead a human rights activist blog shipment to saudi arabia. why do we continue to support countries that.