A Quote by Noam Chomsky
The Republican establishment, the mainstream corporate financial wealth, is getting to a point where it can't control the base it's mobilized.
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There's a split in the US about how this [split] will be resolved. The main point to look at is the split within the Republican Party. The Republican establishment, and Wall Street, and the bankers, and the corporate executives and so on, they don't want this. They don't want it at all. It's the part of the base that is mobilized that wants it.
There are big, extremely irrational parts of the society, and they have now been mobilized politically by the Republican establishment, hoping that these people could be an electoral base to keep them in power.
The Republican establishment may in fact be so desirous of getting rid of the Tea Party as its base, they may be willing to lose some elections in order to get rid of their base and put up a new base.
The leading non-establishment Republican candidate for president, Donald Trump, is just sailing past [establishment Republican candidates] in the polls. He is still surging. He is basically killing them all.
The base has chosen or is choosing a candidate that the establishment says is absolutely unacceptable. And what that means is this marriage of an elite, big business-backed establishment and a blue-collar, downwardly mobile base has really come to a divorce.
Forward movement is a good thing, but I always include that it's not enough, and we have to have a base where we can truly build. That cannot be done inside of the corporate, establishment political parties.
In the end, alchemy, whether it is metallurgical or financial, fails. A base business can not be transformed into a golden business by tricks of accounting or capital structure. The man claiming to be a financial alchemist may become rich. But gullible investors rather than business achievements will usually be the source of his wealth.
At base, financial literacy is inextricably connected to control over one's future.
It is hard to imagine a choice more stark than the choice between Reince Priebus, the chairman of the Republican Party, a clear establishment figure, and Stephen Bannon, a leader of the right-wing, the guy - Breitbart News Network, somebody who spent most of the time beating up on the Republican establishment.
The Republican Primaries were quite interesting. The establishment had its candidate, [Mitt] Romney, a kind of a Wall Street lawyer and investor, and they wanted him in. But the base didn't want him.
[Michael Flynn is] controversial among many people in the national security establishment, many people in the Republican mainstream. The thing about this appointment that, again, goes to me is most.
The political world is changing rapidly. What the establishment has learned, what the Democratic establishment, the Republican establishment, the media establishment, is the world is not quite what they thought it was. With the middle class disappearing, with people working longer hours for lower rages, with people worried about the future of their children, what you are seeing is a lot of discontent at the grassroots level all over this country. And that's what's going on right now.
The establishment is divorcing itself from its base - from voters who are choosing a candidate who says he stands for things that are anathema to the establishment.
Every time a candidate came up from the base, that is with popular support, the Republican establishment went into high gear to destroy them with massive propaganda attack ads and so on. It was one after another, each one crazier than the last.
What central banks can control is a base and one way they can control the base is via manipulating a particular interest rate, such as a Federal Funds rate, the overnight rate at which banks lend to one another. But they use that control to control what happens to the quantity of money. There is no disagreement.
The Republican Party has pretty much abandoned any pretense of being a traditional political party. It's in lockstep obedience to the very rich, the super rich and the corporate sector. They can't get votes that way so they have to mobilize a different constituency. It's always been there, but it's rarely been mobilized politically. They call it the religious right, but basically it's the extreme religious population.
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