Business Quote by Noam Chomsky
“...free enterprise, [is] a term that refers, in practice, to a system of public subsidy and private profit, with massive government intervention in the economy to maintain a welfare state for the rich.”
About This Quote
Source Speech: Lecture on political economy, 2011
Free enterprise is often a myth; it relies on public subsidies and favors the wealthy through heavy state intervention.
In simple terms: Free market claim hides government aid to the rich.
Question who truly benefits from economic policies.
Themes
Mood
Type
When to use this quote
- policy analysis
- public debate
- activist organizing
Key Concepts
Questions to Reflect On
- Who profits from subsidies?
- Can true competition exist without state support?
The term can be used to justify unfair advantages.