Noam Chomsky is perhaps the most discussed political philosophers in recent times due to his focus on contemporary political trends that continue to impact us. In her book, ‘Requiem for the American dream’ the author attempts to identify 10 major factors that dictate the accumulation of wealth and power in the rapidly shifting political environment. Chomsky defines these factors as being key in determining the future direction of the world’s leadership (Chomsky 45). 6 of these principles act as the pillars of this philosophy.
Run the regulators
In this context, power brokers and those that seek power in its absolute sense often seek to capture the regulators for key sectors. When this happens, they usually reserve the power to bend the rules in their favor. Most of the political elite concentrate their wealth by manipulating regulators to waive certain regulations to be in their favor. For instance, most of the tax cuts instilled by revenue authorities usually seek to reduce the tax that is paid by the wealthy in current economies as opposed to favoring the poor.
Chomsky acknowledges the central role that elections play in determining both the political and economic direction that a country will take. New leaders will likely adopt new reforms based on their ideology. Most players usually seek to have such reforms in their favor for their economic and political prosperity. Based on this, powerful people us…
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