"'When Alan Greenspan was testifying before Congress in 1997 on the marvels of the economy he was running, he said straight out that one of the bases for its economic success was imposing what he called 'greater worker insecurity.'
If workers are more insecure, that's very 'healthy' for the society, because if workers are insecure they won't ask for wages, they won't go on strike, they won't call for benefits; they'll serve the masters gladly and passively. And that's optimal for corporations' economic health. At the time, everyone regarded Greenspan's comment as reasonable, judging by the lack of reaction and the great acclaim he enjoyed.'"
#IRLScholarNoamChomsky
#OrgUSFederalReserveAlanGreenspan [Wikipedia] #1997_