&gt;Personally I&#x27;m in favor of democracy, which means that the central institutions in the society have to be under popular control. Now, under capitalism we can&#x27;t have democracy by definition. Capitalism is a system in which the central institutions of society are in principle under autocratic control. Thus, a corporation or an industry is, if we were to think of it in political terms, fascist; that is, it has tight control at the top and strict obedience has to be established at every level -- there&#x27;s a little bargaining, a little give and take, but the line of authority is perfectly straightforward. Just as I&#x27;m opposed to political fascism, I&#x27;m opposed to economic fascism. I think that until major institutions of society are under the popular control of participants and communities, it&#x27;s pointless to talk about democracy.<p>-Noam Chomsky, Business Today, May 1973