Chomsky on capitalism

"Maybe 'capitalism' would be a good idea. We've never had anything remotely resembling it, and the reason we haven't is the owning class would never permit it because they know perfectly well that if capitalist institutions were established it would destroy the economy in no time, so therefore they insist on a powerful state that intervenes to protect them from the ravages of the market. Everybody seems to know this except economists" (Noam Chomsky, 2002, "Power and Terror").