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...so long as power remains privately concentrated, everybody, everybody, has to be committed to one overriding goal: and that's to make sure that the rich folk are happy -- because unless they are, nobody else is going to get anything. So if you're a homeless person sleeping in the streets of Manhattan, let's say, your first concern must be that the guys in the mansions are happy -- because if they're happy, then they'll invest, and the economy will work, and things will function, and then maybe something will trickle down to you somewhere along the line. But if they're not happy, everything's going to grind to a halt, and you're not even going to get anything trickling down.

Noam Chomsky#15

SocietyCapitalismEconomyInequalityClassWealth

About this quote

What does it mean?
In unequal societies, the needs of the rich take priority because their happiness is needed to keep the economy running.
In plain terms
Poor people must care about rich people being happy so they invest and jobs continue.
What can you take from it?
Economic logic prioritizes the rich to ensure investment.

Where it applies

  • economic reform
  • policy debate
  • social justice

Putting it to work

  • challenge trickle down logic
  • support equitable structures

Questions to consider

  • Who does the economy serve?
  • Is trickle down economics effective?

Another view

Investors argue their happiness drives growth that helps everyone.

More from Noam Chomsky

  1. The World Bank is not the IMF. It is considerably more responsive to popular forces, and has a mixed history. A great deal of what it has done has been awful. …

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  2. The United States is deeply in debt -- that was part of the whole Reagan/Bush program, in fact: to put the country so deeply in debt that there would be virtua…

    Permalink to quote #14
  3. I mean, what's the elections? You know, two guys, same background, wealth, political influence, went to the same elite university, joined the same secret socie…

    Permalink to quote #17

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