#165 - Breaking the Myth: Vintage Chomsky on Neoliberalism, US Economic Hegemony, Bretton Woods Corporate Power, the Contradictions of Capitalism, and the End of the Cold War

Come join my Patreon!https://patreon.com/c/hemlockpatreonSauce for the audio:https://archive.org/details/NoamChomsky-02-13-96-BreakingTheMythAnExposeOfExploitativePaul Krugman article that Chomsky urges you to read (title: Pop Internationalism)https://archive.org/details/popinternational00paul/mode/2upChapters:(00:00:00) Welcome and Introduction (00:01:37) Economy and Domestic Order (00:03:58) Adam Smith and Policy (00:06:10) Politics as Business Shadow (00:07:44) US Post-WWII Global Role (00:09:27) Crafting the Global Order (00:11:45) Globalization: Third World Model (00:14:00) Financial Order Dismantled (00:16:00) The Casino Economy (00:17:40) Speculative Capital Explosion (00:20:10) Tobin's Low Growth Prediction (00:22:05) The Tobin Tax Proposal (00:24:00) Tobin Tax Potential Uses (00:27:30) Class Interest vs Profit (00:31:32) Telecom and Capital Flow (00:35:58) Petrodollar Recycling to West (00:41:00) Third World Debt Recycling (00:45:45) Power of Transnationals (00:48:00) Investor Rights Agreements (00:51:00) End of Cold War Effects