Understanding Power: The Indispensable Chomsky

by Noam Chomsky

you’re going to have to face the fact, which sooner or later we’re going to have to face after all, that maybe the most totalitarian institution in human history—or certainly close to it—is a corporation: it’s a centrally-managed institution in which authority is structured strictly from top to bottom, control is in the hands of owners and investors, if you’re inside the organization you take orders from above and transmit them down, if you’re outside it there are only extremely weak popular controls, which indeed are fast eroding. And this isn’t some new insight of mine, incidentally—for example, it was pointed out by Thomas Jefferson in his later years, which were only the early days of corporations. Jefferson warned that if power was going to shift into the hands of what he called “banking institutions and moneyed incorporations,” then the democratic experiment would be over: we’d have a form of absolutism worse than what the colonists had struggled against.9