Tools
Search
Import
Library
Explore
Videos
Channels
Figures
Atmrix
About
Tools
Search
Import
Library
Explore
Videos
Channels
Figures
Atmrix
About
Go Back
NC
Noam Chomsky
12/07/18
@ MIT Video Productions
The dismantling of the Bretton Woods System since the 1970s has led to economic slowdown and increased inequality, contrasting sharply with the previous Golden Age of Post-War Capitalism.
Video
MV
Noam Chomsky - Foundations of World Order: the UN, World Bank, IMF & Decl. Human Rights 1999
@ MIT Video Productions
12/07/18
Related Takeaways
NC
Noam Chomsky
12/07/18
@ MIT Video Productions
Deregulation of capital is seen as a weapon against democracy and socioeconomic rights, which is why capital controls were part of the Bretton Woods System.
NC
Noam Chomsky
12/07/18
@ MIT Video Productions
The United States and Britain exemplify a model of extreme wealth disparity, which is now being globalized, affecting societies worldwide.
NC
Noam Chomsky
12/07/18
@ MIT Video Productions
The current form of globalization has resulted in economic failure for the majority, with a decline in the share of economic product going to working people.
NC
Noam Chomsky
12/07/18
@ MIT Video Productions
East Asia experienced an unprecedented economic miracle by disregarding the prescriptions of international financial institutions, unlike other regions that followed the Washington Consensus.
NC
Noam Chomsky
12/07/18
@ MIT Video Productions
Deregulation of finance was understood to harm the global economy, as financial markets are volatile and governed by panics, manias, and crashes, leading to economic disasters.
NC
Noam Chomsky
12/07/18
@ MIT Video Productions
The fairy tale economy benefits the wealthy while the majority of the population experiences stagnation or decline in their economic status.
DP
Daniel Priestley
05/27/25
@ Chris Williamson
The industrial revolution system is in decline while the digital revolution is on the rise, leading to a disparity in economic opportunities.
NC
Noam Chomsky
12/07/18
@ MIT Video Productions
The three foundational systems of world order established after World War II are the Human Rights Regime, the International Political Order articulated in the United Nations Charter, and the International Economic System, often referred to as the Bretton Woods System.
NC
Noam Chomsky
12/07/18
@ MIT Video Productions
The current economic recovery is unusual because it has left most of the population behind, with real wages significantly lower than they were decades ago.