A great deal of thanks goes to MardyS for posting this on his Facebook page – Noam Chomsky (2014) “How to Ruin an Economy: Some Simple Ways”

Here is part of the summary that is on the YouTube video where also the copyright rules for this video are explained.

Noam Chomsky spoke at Third Boston Symposium on Economics on February 10th 2014, sponsored by the Northeastern University Economics Society in Boston, MA.

Chomsky argued that certain factors, among them cutting federal funding for research and development and the growing gap between the richest 1 percent and every¬body else, have led to the country’s current economic climate.

“The system is so dysfunctional that it cannot put eager hands to needed work using the resources that would be avail¬able if the economy were designed for human needs,” Chomsky said. “These things didn’t just happen like a tornado, they are the results of deliberate policies over roughly the past generation.”

Be sure to watch the Q & A session at the end. The poor student questioners kept getting the same answer in one form or another as to who is going to fix this. In every case Chomsky came down to, you are the only ones who can fix this.