---
title: "13 Financial Quotes By Noam Chomsky"
description: "13 Financial quotes by Noam Chomsky. Plus more from Noam Chomsky and more Financial sayings from other authors."
image: "https://sms4smile.com/quotes/i/670/noam-chomsky-42_catastrophe_now-financial-liberalization-is-just-a-c_2474124.jpg"
---

> [Now financial liberalization is just a catastrophe waiting to happen, and there are very well understood reasons for that.](https://sms4smile.com/quotes/noam-chomsky/now-financial-liberalization-is-just-a-catastrophe-waiting-to-happen/)

[Noam Chomsky](https://sms4smile.com/quotes/author/noam-chomsky/)

[Image](https://sms4smile.com/quotes/i/670/noam-chomsky-42_catastrophe_now-financial-liberalization-is-just-a-c_2474124.jpg)

> [The Republican establishment, the mainstream corporate financial wealth, is getting to a point where it can't control the base it's mobilized.](https://sms4smile.com/quotes/noam-chomsky/the-republican-establishment-the-mainstream-corporate-financial/)

[Noam Chomsky](https://sms4smile.com/quotes/author/noam-chomsky/)

[Image](https://sms4smile.com/quotes/i/d96/noam-chomsky-42_corporate_the-republican-establishment-the-mainstr_600873.jpg)

> [One measure for promoting both stability and fairness across financial market segments is a small sales tax on all financial transactions.](https://sms4smile.com/quotes/noam-chomsky/one-measure-for-promoting-both-stability-and-fairness-across-2/)

[Noam Chomsky](https://sms4smile.com/quotes/author/noam-chomsky/)

[Image](https://sms4smile.com/quotes/i/090/noam-chomsky-42_fairness_one-measure-for-promoting-both-stability_2247179.jpg)

> [With government deregulation and the triumph of financial liberalization, the dangers of systemic risks, the possibility of a financial tsunami, sharply increased.](https://sms4smile.com/quotes/noam-chomsky/with-government-deregulation-and-the-triumph-of-financial/)

[Noam Chomsky](https://sms4smile.com/quotes/author/noam-chomsky/)

[Image](https://sms4smile.com/quotes/i/d8a/noam-chomsky-42_danger_with-government-deregulation-and-the-tri_1589825.jpg)

> [A default of the US government would not only be very harmful here, it would probably send the country back into deep…](https://sms4smile.com/quotes/noam-chomsky/a-default-of-the-us-government-would-not-only-be-very-harmful-here-it/)

[Noam Chomsky](https://sms4smile.com/quotes/author/noam-chomsky/)

[Image](https://sms4smile.com/quotes/i/fa5/noam-chomsky-42_country_a-default-of-the-us-government-would-not_662050.jpg)

> [A financial institution has the task of taking risks, and if it's a well run institution - say, Goldman Sachs - it…](https://sms4smile.com/quotes/noam-chomsky/a-financial-institution-has-the-task-of-taking-risks-and-if-it-s-a/)

[Noam Chomsky](https://sms4smile.com/quotes/author/noam-chomsky/)

[Image](https://sms4smile.com/quotes/i/744/noam-chomsky-42_cover_a-financial-institution-has-the-task-of_832133.jpg)

> [Barack Obama is an opportunist, mostly supported by the financial institutions. He had no positions on anything. He's very intelligent. If you…](https://sms4smile.com/quotes/noam-chomsky/barack-obama-is-an-opportunist-mostly-supported-by-the-financial/)

[Noam Chomsky](https://sms4smile.com/quotes/author/noam-chomsky/)

[Image](https://sms4smile.com/quotes/i/c7a/noam-chomsky-42_barack_barack-obama-is-an-opportunist-mostly-su_1246952.jpg)

> [Obama's primary constituency was financial institutions. They were the core of the funding for his campaign. They expect to be paid back.…](https://sms4smile.com/quotes/noam-chomsky/obama-s-primary-constituency-was-financial-institutions-they-were-the/)

[Noam Chomsky](https://sms4smile.com/quotes/author/noam-chomsky/)

[Image](https://sms4smile.com/quotes/i/4e4/noam-chomsky-42_back_obama-s-primary-constituency-was-financi_3009674.jpg)

> [The times are too difficult and the crisis too severe to indulge in schadenfreude. Looking at it in perspective, the fact that…](https://sms4smile.com/quotes/noam-chomsky/the-times-are-too-difficult-and-the-crisis-too-severe-to-indulge-in/)

[Noam Chomsky](https://sms4smile.com/quotes/author/noam-chomsky/)

[Image](https://sms4smile.com/quotes/i/6ab/noam-chomsky-42_crisis_the-times-are-too-difficult-and-the-cris_1749176.jpg)

> [Latin America was the most obedient follower of the neoliberal regime that was instituted by the United States, its allies and the…](https://sms4smile.com/quotes/noam-chomsky/latin-america-was-the-most-obedient-follower-of-the-neoliberal-regime/)

[Noam Chomsky](https://sms4smile.com/quotes/author/noam-chomsky/)

[Image](https://sms4smile.com/quotes/i/089/noam-chomsky-42_allies_latin-america-was-the-most-obedient-foll_3162146.jpg)

> [Student debt is structured to be a burden for life. The indebted cannot declare bankruptcy, unlike Donald Trump. Current student debt is…](https://sms4smile.com/quotes/noam-chomsky/student-debt-is-structured-to-be-a-burden-for-life-the-indebted/)

[Noam Chomsky](https://sms4smile.com/quotes/author/noam-chomsky/)

[Image](https://sms4smile.com/quotes/i/516/noam-chomsky-42_bankruptcy_student-debt-is-structured-to-be-a-burde_729141.jpg)

> [Take a look at the current debates in Washington, and of course, everything in the media. Only one issue is discussed: the…](https://sms4smile.com/quotes/noam-chomsky/take-a-look-at-the-current-debates-in-washington-and-of-course/)

[Noam Chomsky](https://sms4smile.com/quotes/author/noam-chomsky/)

[Image](https://sms4smile.com/quotes/i/cce/noam-chomsky-42_big-problem_take-a-look-at-the-current-debates-in-wa_2559544.jpg)

> [ Maybe \[the Republicans\] 'll find ways around it, but the financial system of the world depends very heavily on the credibility of… ](https://sms4smile.com/quotes/noam-chomsky/maybe-the-republicans-ll-find-ways-around-it-but-the-financial-system/)

[Noam Chomsky](https://sms4smile.com/quotes/author/noam-chomsky/)

[Image](https://sms4smile.com/quotes/i/88b/noam-chomsky-42_bases_maybe-the-republicans-ll-find-ways-aroun_2983081.jpg)

## Other authors on Financial

## More by Noam Chomsky

> [The costs of the Bush-Obama wars in Iraq and Afghanistan are now estimated to run as high as $4.4 trillion - a major victory…](https://sms4smile.com/quotes/noam-chomsky/the-costs-of-the-bush-obama-wars-in-iraq-and-afghanistan-are-now/)

[Noam Chomsky](https://sms4smile.com/quotes/author/noam-chomsky/)

> [If you believe in democracy, why shouldn't you know what the government is doing?](https://sms4smile.com/quotes/noam-chomsky/if-you-believe-in-democracy-why-shouldn-t-you-know-what-the/)

[Noam Chomsky](https://sms4smile.com/quotes/author/noam-chomsky/)

> [It’s a shameful moment for U.S. media when it insists on being subservient to the grotesque propaganda agencies of a violent, aggressive state.](https://sms4smile.com/quotes/noam-chomsky/it-s-a-shameful-moment-for-u-s-media-when-it-insists-on-being/)

[Noam Chomsky](https://sms4smile.com/quotes/author/noam-chomsky/)

> [There are questions as to whether it should even exist. Who should corporations be responsive to, the management of a corporation? Theoretically they are…](https://sms4smile.com/quotes/noam-chomsky/there-are-questions-as-to-whether-it-should-even-exist-who-should/)

[Noam Chomsky](https://sms4smile.com/quotes/author/noam-chomsky/)

> [Governments regard their own citizens as their main enemy, and they have to be - protect themselves. That's why you have state secret laws.…](https://sms4smile.com/quotes/noam-chomsky/governments-regard-their-own-citizens-as-their-main-enemy-and-they/)

[Noam Chomsky](https://sms4smile.com/quotes/author/noam-chomsky/)

> [I don't join the New Atheists. So, for example, I wouldn't have the arrogance to lecture some mother who hopes to see her dying…](https://sms4smile.com/quotes/noam-chomsky/i-don-t-join-the-new-atheists-so-for-example-i-wouldn-t-have-the/)

[Noam Chomsky](https://sms4smile.com/quotes/author/noam-chomsky/)

> [The first thing you ought to do is verify what I present. Just because I say it doesn't make it true. So check it…](https://sms4smile.com/quotes/noam-chomsky/the-first-thing-you-ought-to-do-is-verify-what-i-present-just-because/)

[Noam Chomsky](https://sms4smile.com/quotes/author/noam-chomsky/)

> [ I wrote an article about the marine landing \[in Haiti\] right away, but barely mentioned the oil, because my article would come out two… ](https://sms4smile.com/quotes/noam-chomsky/i-wrote-an-article-about-the-marine-landing-in-haiti-right-away-but/)

[Noam Chomsky](https://sms4smile.com/quotes/author/noam-chomsky/)

> [American society is now remarkably atomized. Political organizations have collapsed. In fact, it seems like even bowling leagues are collapsing. The left has a…](https://sms4smile.com/quotes/noam-chomsky/american-society-is-now-remarkably-atomized-political-organizations/)

[Noam Chomsky](https://sms4smile.com/quotes/author/noam-chomsky/)

> [Discovery is the ability to be puzzled by simple things. Noam Chomsky](https://sms4smile.com/quotes/noam-chomsky/discovery-is-the-ability-to-be-puzzled-by-simple-things-noam-chomsky/)

[Noam Chomsky](https://sms4smile.com/quotes/author/noam-chomsky/)

> [There's an interesting book about that called The Third Reich and the Ivory Tower, written by Stephen H. Norwood. It has a long discussion…](https://sms4smile.com/quotes/noam-chomsky/there-s-an-interesting-book-about-that-called-the-third-reich-and-the/)

[Noam Chomsky](https://sms4smile.com/quotes/author/noam-chomsky/)

> [This is class war on an international scale, and power is in the hands of those who control the international economic system.](https://sms4smile.com/quotes/noam-chomsky/this-is-class-war-on-an-international-scale-and-power-is-in-the-hands/)

[Noam Chomsky](https://sms4smile.com/quotes/author/noam-chomsky/)

> [There are big, extremely irrational parts of the society, and they have now been mobilized politically by the Republican establishment, hoping that these people…](https://sms4smile.com/quotes/noam-chomsky/there-are-big-extremely-irrational-parts-of-the-society-and-they-have/)

[Noam Chomsky](https://sms4smile.com/quotes/author/noam-chomsky/)

> [There's plenty to criticize about the mass media, but they are the source of regular information about a wide range of topics. You can't…](https://sms4smile.com/quotes/noam-chomsky/there-s-plenty-to-criticize-about-the-mass-media-but-they-are-the/)

[Noam Chomsky](https://sms4smile.com/quotes/author/noam-chomsky/)

> [The 50,000 Korean mercenaries we had in Vietnam were professional killers and just massacred people outright. And the American army did plenty of that…](https://sms4smile.com/quotes/noam-chomsky/the-50-000-korean-mercenaries-we-had-in-vietnam-were-professional/)

[Noam Chomsky](https://sms4smile.com/quotes/author/noam-chomsky/)

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                        "text": "Barack Obama is an opportunist, mostly supported by the financial institutions. He had no positions on anything. He's very intelligent. If you look at his program, almost no substance. Change, hope, what's that? I mean, he had some policies, but it was almost certain that he would give them up instantly, which he did.",
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                        "text": "Obama's primary constituency was financial institutions. They were the core of the funding for his campaign. They expect to be paid back. And they were. They were paid back by coming out richer and more powerful than they were before the crisis that they created.",
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                        "text": "The times are too difficult and the crisis too severe to indulge in schadenfreude. Looking at it in perspective, the fact that there would be a financial crisis was perfectly predictable: its general nature, if not its magnitude. Markets are always inefficient.",
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                        "text": "Latin America was the most obedient follower of the neoliberal regime that was instituted by the United States, its allies and the international financial institutions. They followed it most rigorously. Almost everyone who's followed those rules, including the Western countries, have suffered. And in Latin America they suffered severely.",
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                        "text": "Student debt is structured to be a burden for life. The indebted cannot declare bankruptcy, unlike Donald Trump. Current student debt is estimated to be over $1.45 trillion. There are ample resources for that simply from waste, including the bloated military and the enormous concentrated private wealth that has accumulated in the financial and general corporate sector under neoliberal policies. There is no economic reason why free education cannot flourish from schools through colleges and university. The barriers are not economic but rather political decisions.",
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                        "text": "Take a look at the current debates in Washington, and of course, everything in the media. Only one issue is discussed: the deficit - the least significant issue, but the most significant issue for the banks. The big problem, joblessness, is barely discussed, even though that's what the public wants, as polls clearly show. That's even what the business press supports, but the financial institutions are so powerful that the only issue is the deficit, and this runs right through the intellectual culture.",
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                        "text": "Maybe [the Republicans] 'll find ways around it, but the financial system of the world depends very heavily on the credibility of the US Treasury Department. US Treasury securities are what's called \"good as gold\"; they're the basis of international finance, and if the government can't uphold them, if they become valueless, the effect on the international financial system could be quite severe. But in order to destroy a limited health-care law, the right-wing Republicans, the reactionary Republicans, are willing to do that.",
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