Chomsky: "a 'virtual senate' of lenders and investors..."

Chomsky discourses on the neo-liberal agenda (read: "avarice")--or, when privilege becomes entitlement--as the root of global ills: economic downturn here, death by starvation in the Third World. All given the imprimatur of the state and its lapdog, the corporate media.

"Professional economics literature points out what should be obvious, that the free flow of capital creates what is sometimes called a 'virtual senate' of lenders and investors who carry out a moment-by-moment referendum on government policies, and if they find that they’re irrational, meaning they help people instead of profits, then they vote against them, by capital flight, by tax on the country, and so on. So the democratic governments have a dual constituency, their own population and the virtual senate, who typically prevail. And for the poor, that means regular disaster."

video here: Noam Chomsky on “Crisis and Hope: Theirs and Ours”