Both political parties have moved to the right during the neoliberal period. Today’s New Democrats are pretty much what used to be called “moderate Republicans.” The “political revolution” that Bernie Sanders called for, rightly, would not have greatly surprised Dwight Eisenhower.The fate of the minimum wage illustrates what has been happening. Through the periods of high and egalitarian growth in the ‘50s and ‘60s, the minimum wage–which sets a floor for other wages–tracked productivity. That ended with the onset of neoliberal doctrine. Since then, the minimum wage has stagnated (in real value). Had it continued as before, it would probably be close to $20 per hour. Today, it is considered a political revolution to raise it to $15. . Noam Chomsky
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The simple truth is that both political parties have moved to the right during the neoliberal period. Today’s New Democrats are pretty much what used to be called “moderate Republicans”. The “political revolution” that Bernie Sanders called for, rightly, would not have greatly surprised Dwight Eisenhower. The fate of the minimum wage illustrates what has been happening.

Through the periods of high and egalitarian growth in the ‘50s and ‘60s, the minimum wage – which sets a floor for other wages – tracked productivity. That ended with the onset of neoliberal doctrine. Since then, the minimum wage has stagnated (in real value).

Had it continued as before, it would probably be close to $20 per hour. Today, it is considered a political revolution to raise it to $15.

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More Quotes By Noam Chomsky
  1. Do you train for passing tests or do you train for creative inquiry?

  2. I was never aware of any other option but to question everything.

  3. The only debatable issue, it seems to me, is whether it is more ridiculous to turn to experts in social theory for general well-confirmed propositions, or to the specialists in the great religions and philosophical systems for insights into fundamental human values.

  4. Either you repeat the same conventional doctrines everybody is saying, or else you say something true, and it will sound like it's from Neptune.

  5. Religion is based on the idea that God is an imbecile.

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