In this video, the CEO of Intercoin, Gregory Magarshak, interviews Noam Chomsky, an American linguist, philosopher, and political activist. Chomsky’s most well-known books and publications include Failed States: The Abuse of Power and the Assault on Democracy, Manufacturing Consent, Profit over People, and Towards a New Cold War. As a political activist, Chomsky is an outspoken critic of American foreign policy. He opposed the Vietnam war as well as the 2003 Invasion of Iraq.
00:00 - Intercoin Intro
00:41 - Interview Starts
01:29 - 5 points on how journalism is captured by the government
02:15 - Media as a mouthpiece of the government
04:13 - Business in trouble
06:05 - Mainstream Media
06:53 - The Internet as a replacement for traditional journalism
07:42 - Capitalist system doesn’t tell both sides
08:12 - What both sides mean?
10:59 - Left Liberal is basically centrist
12:00 - Universal Healthcare
15:40 - How Capitalism effected on Journalism Industry?
16:40 - Difference between Competition / Collaboration
17:13 - What if we have a non-profit News media?
20:54 - Media owned by wealthy men who have interest in non seeing certain ideas
21:17 - Free speech under capitalism
22:37 - Talk Radio censorship in the '60s
24:29 - Which country is the greatest threat to world peace?
24:53 - Wiki news
29:00 - What if it was a non-profit site where people could collaborate to find news and verify it before publishing it to the public?
The interview starts with a discussion on the role of the media and journalism in government. Mr. Chomsky argues that historically the media has always been connected to political parties and corporate interests have become even more prevalent in the media today seeking to control the narratives being told.
Next, Greg proposes his hypothesis that the internet has disrupted traditional journalism. In the US capitalist system, the necessity to generate profits has led to the media having an incentive to not share both sides of the story. Nonetheless, the speakers arrive at the consensus that due to social changes, which beginnings can be tracked down to the movements of the 60s, there is a greater variety of ideas and opinions in today’s world. The interview also discusses the differences in the political leanings between the US and other countries and explores the role of the US as a main power in the world.
The interview concludes with a discussion of the current characteristics of the media and the restrictions on free speech that stem from a maldistribution of power. It explores topics like “the difference between a competitive and collaborative media”, “how could we ensure that the media reflects all sides of an issue?”, “what are the benefits of a collaborative media and the diversification of sources?”.
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