#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

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Sauce for the audio:

https://archive.org/details/NoamChomsky-02-13-96-BreakingTheMythAnExposeOfExploitative

Paul Krugman article that Chomsky urges you to read (title: Pop Internationalism)

https://archive.org/details/popinternational00paul/mode/2up

Chapters:

(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