How lame. You don’t have an argument, so why are wasting my time?

Chomsky continually displays his ignorance of economics. All this man does is lie. I’ve never even heard him make a distinction. He’s a joke.

Sorry to waste your time with a banal youtube response.

Government didn’t cause problems in the financial and health care markets … bad management and corporate misconduct did (Problems in these markets btw extend beyond ledger sheets, to real people without health care and who’ve lost substantial capital.) Can you explain how he’s blaming this on “freedom?”

He is extremely critical of Obama and hardly supported him. He’s made it clear that Obama is carrying on the same legacy of his predecessors especially in foreign policy and even financial policy. If you were at all familiar with his work you would know this. (Which is why I’m saying you don’t know what you’re talking about.)

I think it’s amusing you’re calling one of the most cited men in modern history ignorant. It’s like calling Plato and Freud ignorant. Who are you??

“Government didn’t cause problems in the financial and health care markets”

You cannot be serious.

The gov’t controls both the financial system and the health system. You ought to acquaint yourself with history and the law in these areas.

How do you not know these things? How does Chomsky not know?

There is a video where he says to vote for Obama.
That’s what I said. Go look it up. Find the video. I didn’t say he supports all his policies. Don’t put words in my mouth.

I’m criticizing him as I would anyone. Sorry, but he isn’t “Plato”. And if he were, I would still criticize him for being ignorant of economics or a demagogue. I don’t know which, but he’s one or the other since he doesn’t tell the truth.

Explain to all of us how the health care industry and the financial industry are FREE MARKETS then, if that’s what you think.

Why don’t you explain what the STATE is and what they do to these industries.

You could spend some time doing research and then get back to us.

Tell us what a “regulation” is and what a “mandate” is and what a “license” is.

You could try to start a free market bank or insurance company and tell us what the STATE does. You could write us from PRISON.

Sorry to demean your point of view. Maybe you’re right, if the markets were left to their own devices things would be different. But I think in the case of health care, coming from an open market position is the wrong thing to do. According to the doctrine that costs should be determined through demand and subsequent competition within the market, prices would be extremely high (as they currently are) NOTHING has a greater demand than the need for health care.

Honestly dude, if you don’t respond with something qualitative, then I’m not responding anymore.

Take care MillionthUsername.

No, you have it backwards. Competition drives down prices and improves quality. A monopoly or cartel which is implemented by force prevents the market from functioning. That’s why a monopolist can charge above market rates.

If you prevent people from offering medical services by force, then you artificially narrow the market by driving out competitors.

What you are saying goes against human liberty and free enterprise and basic economics.

Yes, of course, in the face of state control, people lobby the state. But a state controlled market is not a free market.

Chomsky never makes this basic distinction.

But who regulates the unions? I think there are some significant details here that the common man(like myself) are missing from this equation.

Unions are the “common man” moron.