The 'Killing in the Name of' guitarist believes modern record companies are only interested in making money, and so wouldn't in interested in controversial groups like his if they were just beginning their career now.
He said: "We'd never get signed if we'd formed today. The grim remains of what is left in the music industry is much more interested in selling ringtones than signing bands like Rage these days."
Tom - who is joined in the band rapper Zack De la Rocha, Tim Commerford and Brad Wilk - is lending support to the Occupy anti-capitalist movements in various cities around the world with his Nightwatchman solo project and thinks it is important to support these causes as they provide an alternative type of music to the mainstream.
He told NME magazine: "The soundtrack to Occupy is happening out there right now. It's the folk bands around the campfires in London and Bristol. It's reflective of a peaceful uprising.
"You step outside the door and you chance things yourself. That's exactly what people are doing around the world right now."