Professional Documents
Culture Documents
Power is a book by political activist and linguist Noam Chomsky. It was created and edited by
Peter Hutchinson, Kelly Nyks, and Jared P. Scott. It lays out Chomsky's analysis
of neoliberalism. It focuses on the concentration of wealth and power in United States over the
past forty years, analyzing the phenomenon known as income inequality.[1] The book was
published by Seven Stories Press in 2017.
Contents
1Synopsis
o 1.1Summary of the ten principles
2Reception
3Film
4References
Synopsis[edit]
The book charts Chomsky's analysis of the concentration of wealth from the 1970s to now.
Chomsky analyzes the way in which power relations shifted from the late 1940s to today, in the
name of "plutocratic interests".[2] This shift in power relations ends up being an assault "on lower-
and middle-class people, which has escalated in recent decades during the ascendancy of what
is known as 'neoliberalism' – with fiscal austerity for the poor and tax cuts and other subsidies for
the wealthy minority."[3] Chomsky is most interested in how the rise of financialization, which "is a
process whereby financial markets, financial institutions, and financial elites gain greater
influence over economic policy and economic outcomes,"[4] and how it affects and shapes public
life in America, leading to a concentration of wealth and power to elite persons and institutions.
This has been shown to lead to phenomena like the richest people in the world having as much
wealth as the bottom half of the world.[5]