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Noam Chomsky Quote on the Role of the State and Advertising in the Economy

„A tremendous amount of the entrepreneurial initiative, if you want to call it that, comes from the dynamic state sector on which most of the economy relies to socialize costs and risks and privatize eventual profit. And that's achieved by, if you like, advertising.“

Noam ChomskyNoam Chomsky analyzes the economic role of the state and advertising in handling costs and profits.
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Noam Chomsky is an American linguist, philosopher, and political activist, renowned for his work in linguistic theory and critical social analysis.

Noam Chomsky's critical view on the role of the state and advertising in the economy.


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Noam Chomsky quote about the role of the state sector, socialized costs, privatized profits, and advertising

Born in 1928, Noam Chomsky is a prominent linguist, cognitive scientist, philosopher, and political activist. He is widely regarded as the father of modern linguistics and revolutionized the field with his theory of generative grammar. Additionally, Chomsky is known for his critical analyses of politics and mass media.

Noam Chomsky quote about state capitalism and privatized profitCopyright © yoice.net – Quote Artwork
9. July 2017
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"A basic principle of modern state capitalism is that costs and risks are socialized to the extent possible, while profit is privatized." Noam Chomsky
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Quote by Jesús Huerta de Soto about the power of entrepreneurial freedom and the impact of etatismCopyright © yoice.net – Quote Artwork
19. February 2022
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"We are unable to even conceive of the immeasurable achievements, progress, and discoveries of mankind that would be attainable in an entrepreneurial environment freed from all etatism. The creative power of human nature is such that it can take root and flourish even in the narrowest crevices left by the state. But when people realize the essentially perverse nature of the state that coerces them and perceive the immeasurable possibilities that are taken away from them day after day by blocking the driving force of their entrepreneurial creativity, then social protest will increase. Then there will be calls for reforms, for dismantling the state, and for steps toward a future that we don't even know today, but that will inevitably lift human civilization to previously unimaginable heights." Jesús Huerta de Soto
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James M. Buchanan quote about profit opportunities attracting investmentCopyright © yoice.net – Quote Artwork
25. September 2020
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"People share a universal behavioural trait: if there are profits to be made, the effort to get that money will attract investment. This is true in the private sector, the market sector, as well as the public sector." James M. Buchanan
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Milton Friedman quote about competition, private enterprise, and economic freedomCopyright © yoice.net – Quote Artwork
6. July 2019
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"The economic miracle that has been the United States was not produced by socialized enterprises, by government-unon-industry cartels or by centralized economic planning. It was produced by private enterprises in a profit-and-loss system. And losses were at least as important in weeding out failures, as profits in fostering successes. Let government succor failures, and we shall be headed for stagnation and decline." Milton Friedman
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Quote image featuring Murray Rothbard's perspective on the state and private economyCopyright © yoice.net – Quote Artwork
2. March 2021
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"The public sector can only feed off the private sector; it necessarily lives parasitically upon the private economy. But this means that the productive resources of society - far from satisfying the wants of consumers - are now directed, by compulsion, away from these wants and needs. The consumers are deliberately thwarted, and the resources of the economy diverted from them to those activities desire by the parasitic bureaucracy and politicians." Murray Rothbard
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Quote by Elon Musk about innovation, drive, and determination in business growthCopyright © yoice.net – Quote Artwork
19. September 2020
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"Starting and growing a business is as much about the innovation, drive and determination of the people who do it as it is about the product they sell." Elon Musk
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