Here is info I added to explain a bit about how the economy actually works:
Chomsky makes this point about the US economy, "the major part is that there is a dynamic state sector in the economy which is the core of economic innovation and development. Research and development takes place mainly in the state sector." See:
Costs are socialized, profits are privatized
This post gives good examples from Chomsky and Chalmers Johnson and a link to this revealing quote: "People who are not in the Midwest do not understand that this is a socialist country." - Dwayne Andreas of Archer Daniels Midland (ADM) See:
The Fraud of Neoliberal Economic Theory
We have State-Capitalism NOT Capitalism
Permanent War Economy, "Government Must Be The Savior"
The Everlasting Battle for the Minds of Men