Profit Over People

Profit Over People

Neoliberalism and Global Order

By Noam Chomsky; Robert Waterman McChesney (Introduction by)

Seven Stories Press, Paperback, 9781888363821, 175pp.

Publication Date: September 2011

Why is the Atlantic slowly filling with crude petroleum, threatening a millions-of-years-old ecological balance? Why did traders at prominent banks take high-risk gambles with the money entrusted to them by hundreds of thousands of clients around the world, expanding and leveraging their investments to the point that failure led to a global financial crisis that left millions of people jobless and hundreds of cities economically devastated? Why would the world's most powerful military spend ten years fighting an enemy that presents no direct threat to secure resources for corporations?
The culprit in all cases is neoliberal ideology--the belief in the supremacy of "free" markets to drive and govern human affairs. And in the years since the initial publication of Noam Chomsky's Profit Over People: Neoliberalism and Global Order, the bitter vines of neoliberalism have only twisted themselves further into the world economy, obliterating the public's voice in public affairs and substituting the bottom line in place of people's basic obligation to care for one another as ends in themselves. In Profit Over People, Chomsky reveals the roots of the present crisis, tracing the history of neoliberalism through an incisive analysis of free trade agreements of the 1990s, the World Trade Organization, and the International Monetary Fund--and describes the movements of resistance to the increasing interference by the private sector in global affairs.
In the years since the initial publication of Profit Over People, the stakes have only risen. Now more than ever, Profit Over People is one of the key texts explaining how the crisis facing us operates--and how, through Chomsky's analysis of resistance, we may find an escape from the closing net.

About the Author
Noam Chomsky is Institute Professor and Professor of Linguistics (Emeritus) at MIT and the author of many influential books on linguistics, including " Aspects of the Theory of Syntax "and "The Minimalist Program", both published by the MIT Press.

McChesney is a research associate professor in the Institute of Communications Research and the Graduate School of Information and Library Science at the University of Illinois at Urbana-Champaign.