Profit over people - by Noam Chomsky[Reading report] by Julie Vinay


The author was part of the "Alternative Management" third year program in HEC Paris in 2006/2007

In this book, Chomsky denounces Friedman's definition of democracy, which « gist is to make profit ». Most of the time, formal and election democracy is not really one anymore, because the control of big investors is no public decision. Consequently, debates are mediocre, people are given no choice when voting and votes just reflect market principles, meaning the political financial contributions from the richest individuals and from big firms « investing » in politics. This neoliberal democracy, which he called « hypocrital », and which creates only consumers (vs. citizen) and malls (vs. communities), is « the major enemy of a real participative democracy. »

Quote article  Julie Vinay, « Profit over people - by Noam Chomsky », 02 may 2008, Alternative Management Observatory (AMO), [Reading report]

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