Bases Quote by Noam Chomsky
“For example, the insurance industries and the big banks are absolutely euphoric now - on the business pages they don't even conceal it - because they've succeeded in coming out of the crisis even stronger than they were before, and in a better position to lay the basis for the next crisis. But they don't care, because they'll get bailed out again. That's class consciousness with a vengeance.”
About This Quote
Source Speech: Interview on economic inequality, 2010
Powerful financial institutions recover from crises, become stronger, and expect future bailouts, reflecting a dangerous class solidarity.
In simple terms: Banks and insurers grow stronger after crises, expecting more bailouts.
Key Takeaway
Recognize and challenge systemic economic power.
Themes
economic inequality
class consciousness
financial instability
political economy
systemic risk
Mood
critical
concerned
Type
analytical
political
When to use this quote
- policy debates
- financial regulation
- public protests
- academic analysis
Key Concepts
capitalism
elite capture
moral hazard
Questions to Reflect On
- How can societies prevent repeated bailouts?
- What reforms could break this cycle?
A Different Perspective
Such cycles can entrench inequality and reduce democratic accountability.
![“I wrote an article about the marine landing [in Haiti] right away, but barely mentioned the oil, because my article would come out two months later and I assumed by then, "of course, everybody knows." Nobody knew. There was a news report in the Wall Street Journal, in the petroleum journals, and…” quote by Noam Chomsky](https://sms4smile.com/quotes/img-quotes/dc5/noam-chomsky-42_articles_i-wrote-an-article-about-the-marine-land_13341.jpg)
