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Noam Chomsky

12/07/18

@ MIT Video Productions

If capital flows are unregulated, they can create a 'virtual senate' of concentrated financial capital that imposes decisions on governments through the threat of capital flight, undermining democracy.

Video

Noam Chomsky - Foundations of World Order: the UN, World Bank, IMF & Decl. Human Rights 1999

@ MIT Video Productions

Noam Chomsky - Foundations of World Order: the UN, World Bank, IMF & Decl. Human Rights 1999

12/07/18

Related Takeaways

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.

Danae Ringelmann

05/06/17

@ Y Combinator

The 'democratization of capital' means empowering everyone to fund what matters to them and raise money in various ways.

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.

a16z Cast

04/23/25

@ a16z

The concept of 'freedom cities' could incentivize capital flow into impoverished areas by providing quick access to permits, thus fostering economic growth and reducing regulatory burdens.

Peter Singlehurst

03/19/25

@ 20VC with Harry Stebbings

I worry about the increasing barriers and weaker ties between countries, which could impact global investment opportunities.

Balaji Srinivasan

10/26/13

@ Y Combinator

With Bitcoin, capital controls will become obsolete, making it difficult for governments to seize assets as they have in the past.

Marc Andreessen

11/27/24

@ PowerfulJRE

The government can exert pressure on private banks to debank individuals, effectively creating a privatized sanctions regime against American citizens.

Peter Thiel

04/02/15

@ Mercatus Center

Democracy and capitalism may not be compatible, and I believe we are not living in a true democracy but rather a representative republic influenced by unelected agencies.

Marc Andreessen

11/27/24

@ PowerfulJRE

The de-banking phenomenon, where individuals or companies are removed from the banking system due to their political views, is a significant issue.