Hope for the Common Good When Savage Capitalism Is Destroying the Place

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Hope for the Common Good When Savage Capitalism Is Destroying the Place
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Among what Chomsky sees as 'signs of hope for the world'? Us. And that means you.

Noam Chomsky is Institute Professor at MIT. He is the author of many books and articles on international affairs and social-political issues, and a long-time participant in activist movements. His most recent books include:"Who Rules the World?" ;"Power Systems: Conversations on Global Democratic Uprisings and the New Challenges to U.S.

Since then, it’s the prime denialist party. In the last Republican primary before Trump took over in 2016, all the top Republican figures vying for the presidential nomination, either said that there’s no global warming or maybe there is, but it’s none of our business. The one small exception, greatly praised by liberal opinion, was John Kasich, the governor of Ohio. And he was actually the worst of all. What he said was: of course, global warming’s happening.

It became very clear at the Glasgow COP conference. John Kerry, the U.S. climate representative, was euphoric. He basically said we’ve won. We now have the corporations on our side. How can we lose? Well, there was a small footnote pointed out by political economist Adam Tooze. He agreed that, yes, they’d said that but with two conditions. One, we’ll join you as long as it’s profitable. Two, there has to be an international guarantee that, if we suffer any loss, the taxpayer covers it.

Barsamian: The question always comes up and you’ve heard it a million times: The owners of the economy, the captains of industry, the CEOs, they have children, they have grandchildren, how can they not think of their future and protect them rather than putting them at risk?Let’s say you’re the CEO of JPMorgan. You’ve replaced Jamie Dimon. You know perfectly well that when you fund fossil fuels, you’re destroying the lives of your grandchildren.

The Democrats contributed to this in other ways. One interesting thing about the recent election in areas along the Texas border: Mexican-Americans, who had always voted Democratic, voted for Trump. Why? Well, you can easily imagine: I’ve got a job in the oil industry. The Democrats want to take away my job, destroy my family, all because those liberal elitists claim there’s global warming going on. Why should I believe them? Let’s vote for Trump.

There weren’t any major banking crises in the 1950s and 1960s, a big growth period, because the Treasury Department kept control of the banking industry. In those days, a bank was just a bank. You had some extra money, you put it there. Somebody came and borrowed money to buy a car or send his or her kid to college. That was banking. It started to change a little bit with, but Ronald Reagan was the avalanche.

There’s a pretext: if we continue to support the war, we’ll put Ukraine in a better negotiating position. Actually, they’ll likely be in a worse one, since that country’s being destroyed by the war, economically. Virtually their entire army’s gone, replaced by new recruits, barely trained. Russia’s suffering badly as well, but if you look at their relative power, who’s going to win in a stalemate? It’s not a big secret. Ukraine is likely to be destroyed and yet the U.S.

Barsamian: Rafael Grossi, director of the International Atomic Energy Agency, has been warning of the dangers posed by nuclear reactors in Ukraine. Shelling and fighting near them could, he says, trigger “a nuclear disaster.” Meanwhile, the Biden administration is going ahead with the “modernization” of U.S. nuclear weapons.

Barsamian: Speaking of planetary dangers, the START Treaty between the U.S. and Russia established limits on deployed strategic nuclear warheads. Recently, Russia suspended its participation in it. What’s the danger of that?Russia was sharply condemned for that. Rightly. Negative acts should be criticized. But there’s some background to it we’re not supposed to talk about. The arms control regime was painstakingly developed over 60 years. A lot of hard work and negotiation.

So, is China becoming a “peer competitor”? It is in the regions surrounding it. Look at the war games run by the Pentagon and they suggest that, if there were a local war over Taiwan, China would probably win. Of course, the idea is ridiculous because any war would quickly explode into a terminal one. But those are the games they play. So, China’s a peer competitor. Is it acting properly and legally? Of course not. It’s fortified rocks in the South China Sea.

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