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07:31:13 am Chomsky: Anti-democratic nature of US capitalism is being exposed

Categories: People under attack, Economics

Anti-democratic nature of US capitalism is being exposed
October 12, 2008
By Noam Chomsky

THE SIMULTANEOUS unfolding of the US presidential campaign and unraveling of the financial markets presents one of those occasions where the political and economic systems starkly reveal their nature.

Passion about the campaign may not be universally shared but almost everybody can feel the anxiety from the foreclosure of a million homes, and concerns about jobs, savings and healthcare at risk.

The initial Bush proposals to deal with the crisis so reeked of totalitarianism that they were quickly modified.

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