Noam Chomsky: Parties in Corporate Pocket

Posted by admin on Saturday, July 2, 2016

Noam Chomsky Money Quote saying once elected, politicians protect the wealth of corporations that helped elect them. Noam Chomsky said:
 
Concentration of wealth yields concentration of power, particularly so as the cost of elections skyrockets, which kind of forces the political parties into the pockets of major corporations Quote
 

“Concentration of wealth yields concentration of power, particularly so as the cost of elections skyrockets, which kind of forces the political parties into the pockets of major corporations” — Noam Chomsky

 

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In this quote, Noam Chomsky is linking wealth inequality to the outsized political influence of large corporations. The best interpretation is:

  • Chomsky argues that as wealth accumulates within a small segment of the population and economy, it concentrates political power among this wealthy minority as well.
  • He notes that the rising costs of elections, especially for high offices, effectively puts political parties in debt to large donors and deep-pocketed backers like major corporations.
  • Chomsky’s view is that this quid pro quo dependence on big business funding undermines democratic representation, as politicians are pressured to serve the narrow interests of their financial sponsors rather than ordinary citizens.
  • The overall message is one of criticism towards the corrupting role of corporate money in politics according to Chomsky, which he believes undermines political equality and accountability as economic inequality rises within society.

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