Chomsky on the Financial Crisis

[Rosa Lichtenstein]

http://www.youtube.com/watch?v=kTtPYM8RSDE

[bootleg42]

As usual, Chomsky hits it right on the nail. Great vid.

[Sprinkles]

I don't know, not to sound authoritarian or something, but I disliked his closing comments on the "democratic deficit" which he used to describe the US as having formal Democratic institutions but which unfortunately don't function properly and which is something we are supposed to fix.

But I don't think this is something that really appeals to most, if not all self-described revolutionaries; that our task would be to perfect the bourgeois revolution in order to attain "real" democracy. Especially since proletarian democracy will take an altogether different form than bourgeois parliamentarism. Perhaps that's what he referred to as "popular participation" but I thought the usage of democracy and parliamentarism seemingly interchangable was a bit vague.

( Choamsky is also far more interesting to read than he is to listen to. )