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Book cover of Profit Over People by Noam Chomsky

Profit Over People

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Profit over people: neoliberalism and the global order

 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? 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. 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.

Author portrait of Noam Chomsky

Noam Chomsky

Fram Noam Chomsky (born December 7, 1928 Philadelphia, Pennsylvania) is an American professor of linguist and philosopher, as well as cognitive scientist, logician, historian, critic, and political activist. He is Professor Emeritus of Linguistics in the Department of Linguistics and Philosophy at MIT, where he has worked for more than 50 years. In addition to his work in linguistics, Chomsky has written on war, politics, and the media and is the author of more than 100 books. According to the 1992 Art and Human Sciences Reference List, Chomsky was cited more than any living scholar from 1980 to 1992, and ranked as the eighth most cited reference ever in a list that includes the Bible, Karl Marx, and others. Chomsky has been described as a cultural preeminent, having been voted as the "world's leading intellectual" in a 2005 poll. Chomsky is also described as the "father of modern linguistics" and is considered a major figure in analytic philosophy. His work has influenced fields such as computer science, mathematics, and psychology. . He is also credited with establishing the theory of generative grammar, which is often considered the most important contribution to the field of theoretical linguistics in the twentieth century. He is also credited with establishing what became known as the Chomsky hierarchy, the theory of universal grammar, and the Chomsky-Schützenberger theory. After the publication of his first book on linguistics, Chomsky became a prominent critic of the Vietnam War and has since continued to publish his critical books on politics. He is best known for his criticism of US foreign policy, state capitalism, and the general news media. His criticism of the media, which he co-wrote with Edward Hermann, is included in The Deference Industry: The Political Economy of Mass Media (1988) is an analysis that crystallizes a theory of the propaganda model for the study of media. Chomsky describes his views as "fairly anarcho-traditionalism with its origins in the Enlightenment and classical liberalism" sometimes identified with anarcho-syndicalism and libertarian socialism. He is also considered a key theoretician of the left wing of American politics. He is also credited with establishing what became known as Chomsky's hierarchy, a classification of formal languages ​​according to their generative capacity. In addition to his work in linguistics, Chomsky is widely known as a political activist, and for his criticism of the foreign policy of the United States and other governments. Chomsky describes himself as a libertarian socialist, a sympathetic anarchist who is a member of the world's industrial workers' union and is often considered a key theorist of the left wing of American politics. According to the Arts and Humanities Reference Index, between 1980 and 1992 Chomsky was cited as a reference more than any other living person, and as the eighth person ever.

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