Philosopher, historian and linguist Noam Chomsky spoke to Paul Jay yesterday on the Obama - Geithner plan. Chomsky says that "they're simply recycling the Bush-Paulson measures and changing them a little, but essentially the same idea: keep the institutional structure the same, try to kind of pass things up, bribe the banks and investors to help out, but avoid the measures that might get to the heart of the problem." The discussion ends in a conversation about what democratisation of the economy might look like.
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