Saturday, October 11, 2008

Via Counterpunch

Noam Chomsky: Exposing the Un-Democratic Face of Capitalism
...Financial liberalisation has effects well beyond the economy. It has long been understood that it is a powerful weapon against democracy. Free capital movement creates what some have called a "virtual parliament" of investors and lenders, who closely monitor government programmes and "vote" against them if they are considered irrational: for the benefit of people, rather than concentrated private power....

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