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"China is a great manufacturing center, but it's actually mostly an assembly plant. So it assembles parts and components, high technology that comes from the surrounding industrial - more advanced industrial centers - Japan, Taiwan, South Korea, Singapore, the United States, Europe - and it basically assembles them."
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"If it is asserted that civilization is a real advance in the condition of man - and I think that it is, though only the wise improve their advantages - it must be shown that it has produced better dwellings without making them more costly; and the cost of a thing is the amount of what I will call life which is required to be exchanged for it, immediately or in the long run."
"Your money myth affects your gain and luck.In economics, illusion of money affects wealth."
"I saw the poverty, I say the prosperity. Both have fundamental problems."
"It is impossible to say how far the present value of money depends on its monetary employment and how far on its industrial employment. When the institution of money was first established, the industrial basis of the value of the precious metals may have preponderated; but with progress in the monetary organization of economic life the monetary employment has become more and more important. It is certain that nowadays the value of gold is largely supported by its monetary employment, and that its demonetization would affect its price in an overwhelming fashion."
"The attempt to restrain prices within limits has to be given up. A government that sets out to abolish market prices is inevitably driven towards the abolition of private property."
"We can't get to the $4 trillion in savings that we need by just cutting the 12 percent of the budget that pays for things like medical research and education funding and food inspectors and the weather service. And we can't just do it by making seniors pay more for Medicare."
"A third group of inflationists do not deny that inflation involves serious disadvantages. Nevertheless, they think that there are higher and more important aims of economic policy than a sound monetary system. They hold that although inflation may be a great evil, yet it is not the greatest evil, and that the State might under certain circumstances find itself in a position where it would do well to oppose greater evils with the lesser evil of inflation."
Explore more quotes by Noam Chomsky
"Unlimited economic growth has the marvelous quality of stilling discontent while maintaining privilege, a fact that has not gone unnoticed among liberal economists."
"Resistance is feasible even for those who are not heroes by nature, and it is an obligation, I believe, for those who fear the consequences and detest the reality of the attempt to impose American hegemony."
"All over the place, from the popular culture to the propaganda system, there is constant pressure to make people feel that they are helpless, that the only role they can have is to ratify decisions and to consume."
"I have often thought that if a rational Fascist dictatorship were to exist, then it would choose the American system."
"In this possibly terminal phase of human existence, democracy and freedom are more than just ideals to be valued - they may be essential to survival."
"Reigning doctrines are often called a "double standard".The term is misleading.It is more accurate to describe them as a single standard,clear and unmistakable,the standard that Adam Smith called the "vile maxim of the masters of mankind: ...All for ourselves,and nothing for other people." Much has changed since his day,but the vile maxim flourishes."
"The close Turkish-Israeli relations go back to the late 1950s - military intelligence, commercial, more recently, tourism and cultural relations."
"Human language appears to be a unique phenomenon, without significant analogue in the animal world."
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