Sunday, October 12, 2008
'The United States Has Essentially a One-Party System' - 10-10-08 * 10-10-08 - Bretton Woods, which collapsed in 1971, was the system of rules, institutions, and procedures that regulated the international monetary system, under which were set up the International Bank for Reconstruction and Development (IBRD) (now one of five institutions in the World Bank Group) and the International Monetary Fund (IMF), which came into effect in 1945. The chief feature of Bretton Woods was an obligation for each country to adopt a monetary policy that maintained the exchange rate of its currency within a fixed value. The system collapsed when the US suspended convertibility from dollars to gold. This created the unique situation whereby the US dollar became the "reserve currency" for the other countries within Bretton Woods. * Noam Chomsky: "If I were in a swing state, I'd vote for Obama" SPIEGEL: So for you, Republicans and Democrats represent just slight variations of the same political platform? Chomsky: Of course there are differences, but they are not fundamental. Nobody should have any illusions. The United States has essentially a one-party system and the ruling party is the business party. Since Chomsky didn't come out and say that he supported either of the candidates (something I would expect) I thought I'd ask him a few follow-up questions. Here they are, with his answers: Peter Jaworski: Do you support a political party, or any particular individuals running for office? Noam Chomsky: If I were in a swing state, I'd vote for Obama, reluctantly and without illusions, only because I think that McCain-Palin and the constituency they represent are extremely dangerous -- in fact, there's a proto-fascist character, a term I don't use lightly.
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