MB Civic

Chomsky ..

Adam Smith concluded that the “principal architects” of policy in England were “merchants and manufacturers,” who ensured that their own interests are “most peculiarly attended to,” however “grievous” the effects on others, including the people of England. Smith’s maxim still holds, though today the “principal architects” are multinational corporations and particularly the financial institutions whose share in the economy has exploded since the 1970s .. In 2007, Ralph Gomory, head of the Alfred P. Sloan Foundation, testified before Congress, “In this new era of globalization, the interests of companies and countries have diverged. In contrast with the past, what is good for America’s global corporations is no longer necessarily good for the American people.”

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