Noam Chomsky: Don’t Invest It, Profit
on Friday, July 1, 2016Noam Chomsky Money Quote saying those with money to spend more often choose to make money on financial deals to profit from those funds. Noam Chomsky said:
“Corporations have money coming out of their ears, they’ve got huge profits. But they don’t want to spend it, they don’t want to invest it. They would rather profit from it. Financial institutions don’t produce anything, they just shift money around and make money from various deals” — Noam Chomsky
Share </> Quote Image
Share the Noam Chomsky Money quote image above on your site:
Short Link to this Quote:
[collapse]
In this quote, Noam Chomsky is criticizing how large corporations and financial institutions handle their profits. The best interpretation is:
- Chomsky observes that corporations and banks have immense profits but are reluctant to reinvest that money into productive activities that create jobs or economic growth.
- Instead, they prefer to simply profit from the money itself through financial maneuvers rather than using it to meaningfully expand business operations and production.
- He also notes that financial institutions in particular do not directly produce goods/services – they primarily make money through speculative trading, lending, and various deals within the financial system rather than investing in new ventures.
- The overall message is one of economic criticism – Chomsky believes these entities prioritize profits for their own sake over using profits to boost the real economy through job creation and innovation, which he sees as a wasted opportunity that does not serve the interests of society overall.