The Failure of Laissez Faire Capitalism

The Failure of Laissez Faire Capitalism

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Even as the view of America as a rogue state consolidates abroad, Americans appear largely bystanders at the spectacle of their government running amok. People forget the myriad instances of their government's flouting of the Constitution and international legal norms - if ever they were aware of them in the first place - accepting to live in the increasingly pernicious "new normal" with little protest. This remarkable anthology of columns documents and reminds us of the extraordinary developments that, in their accumulation, have led to the destruction of accountable and moral government in the US. Few American commentators have cut more clearly through the deepening deceit, hypocrisy and outright criminality that has infested official Washington since 9/11 than Paul Craig Roberts. His scathing critique sheds much-needed light on the country's impending nightmare - economic collapse, internal repression, ongoing wars, and rising rejection by friends and foes alike. How America Was Lost marks Roberts as one of the most prescient and courageous moral commentators in America today.
America's fate was sealed when the public and the anti-war movement bought the government's 9/11 conspiracy theory. The government's account of 9/11 is contradicted by much evidence. Nevertheless, this defining event of our time, which has launched the US on interminable wars of aggression and a domestic police state, is a taboo topic for investigation in the media. It is pointless to complain of war and a police state when one accepts the premise upon which they are based. These trillion dollar wars have created financing problems for Washington's deficits and threaten the U.S. dollar's role as world reserve currency. The wars and the pressure that the budget deficits put on the dollar's value have put Social Security and Medicare on the chopping block. Former Goldman Sachs chairman and U.S. Treasury Secretary Hank Paulson is after these protections for the elderly. Fed chairman Bernanke is also after them. The Republicans are after them as well. These protections are called "entitlements" as if they are some sort of welfare that people have not paid for in payroll taxes all their working lives.
With over 21 per cent unemployment as measured by the methodology of 1980, with American jobs, GDP, and technology having been given to China and India, with war being Washington's greatest commitment, with the dollar over-burdened with debt, with civil liberty sacrificed to the "war on terror," the liberty and prosperity of the American people have been thrown into the trash bin of history. The militarism of the U.S. and Israeli states, and Wall Street and corporate greed, will now run their course.
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Product details

  • Paperback | 190 pages
  • 149.86 x 228.6 x 12.7mm | 272.16g
  • Atlanta, GA, United States
  • English
  • black & white line drawings, charts
  • 0986036250
  • 9780986036255
  • 206,310

Table of contents

Introduction / 15; American Insouciance / 18; August 7, 2008; Who Will Stand Up to America and Israel? / 20; May 28, 2009; Are the Iranian Protests Another US Orchestrated "Color Revolution?" / 22; June 19, 2009; Why Not Crippling Sanctions for Israel and the US? / 24; August 31, 2009; Another War in the Works: America Is Led and Informed by Liars / 28; September 29, 2009; Warmonger Wins Peace Prize / 31; October 10, 2009; The Evil Empire / 33; November 7, 2009; Khalid Sheikh Mohammed's Trial Will Convict Us All / 37; November 24, 2009; The Obama Puppet / 40; December 3, 2009; For Palestinians, Every Day Is Kristallnacht / 44; December 15, 2009; Americans Submit to Tyranny / 47; December 29, 2009; Liberty Has Been Lost / 50; January 6, 2010; Is Anyone Telling Us the Truth? / 53; January 8, 2010; Insouciant Americans / 56; January 11, 2010; It Is Now Official: The U.S. Is a Police State / 58; February 10, 2010; The Road to Armageddon: The Insane Drive for American Hegemony Threatens Life on Earth / 61; February 26, 2010; American Naifs Bringing Ruin to Other Lands / 67; March 18, 2010; Washington Murdered Sovereignty at Home and Abroad / 70; March 23, 2010. Truth Has Fallen and Taken Liberty with It / 72; March 24, 2010; America's Complicity in Evil / 76; June 3, 2010; Hillary Clinton's Transparent Lies / 79; July 10, 2010; The Business of America Is War / 81; July 27, 2010; Death of the First Amendment / 83; August 26, 2010; The True Cost of the War / 86; September 3, 2010; The Collapse of Western Morality / 88; September 23, 2010; The War On Terror: Does Anyone Remember? / 92; October 15, 2010; Who Has the Crystal Ball? / 96; November 2, 2010; The New American Credo: Might Is Right / 99; November 3, 2010; America's Devolution into Dictatorship / 102; November 12, 2010; The Stench of American Hypocrisy / 105; November 18, 2010; Fabricating Terror: The Portland "Bomb" Plot / 108; November 29, 2010; Who, Precisely, Is Attacking the World? / 112; November 30, 2010; Wikileaks II: A Government Caught Up in Mendacity and Lies / 114; December 1, 2010; 2011 / 117; December 27, 2010; America Has Gone Away / 119; December 29, 2010; Egypt: Things Have to Change in Order to Stay the Same / 122; February 1, 2011; Obama's FY 2012 Budget Is a Tool of Class War / 124; February 17, 2011; War Uber Alles / 128; February 26, 2011. Our Time of Universal Deceit Needs an Orwell / 130; March 13, 2011; Obama Raises American Hypocrisy to a Higher Level / 132; March 28, 2011; The New Colonialism: Washington's Pursuit of World Hegemony / 135; April 2, 2011; Libya: The DC/NATO Agenda and the Next Great War / 138; April 7, 2011; Osama bin Laden's Useful Death / 140; May 3, 2011; The Agendas Behind the Fabricated Bin Laden News Event / 143; May 6, 2011; Americans Are Living in 1984 / 146; May 11, 2011; The West Is Trapped in Its Own Propaganda / 150; May 12, 2011; Creating the bin Laden "Reality" / 152; May 14, 2011; The Ongoing bin Laden Saga / 154; May 16, 2011; The Strauss-Kahn Frame-Up: The American Police State Strides Forward / 156; May 18, 2011; Dominique Strauss-Kahn: The Establishment Eliminates a Threat / 160; May 20, 2011; Does America Have a Culture? / 164; May 23, 2011; Will Washington Foment War Between China and India? / 166; June 5, 2011; Conspiracy Theory / 168; June 20, 2011; Who Does the Law Serve / 171; June 27, 2011; A World Overwhelmed by Western Hypocrisy / 175; June 29, 2011; Prosecutors Back Off From their Iron-Clad Case Against Strauss-Kahn / 180; July 1, 2011; Will Strauss-Kahn Be the Next President of France / 183.
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Review quote

"The Failure of Laissez Faire Capitalism is fearless. It transcends Roberts' illustrious career and prior works of intellectual and practical analysis." NOMI PRINS "In his inimitable way, Roberts describes how the rhetorical patter talk about free-markets is a cover story for the horror of an extractive asset-stripping operation by publicly supported private banks and the governments that they control." MICHAEL HUDSON "Clearly, this empirically based, theoretically challenging book is one of the most important works of our time." Johannes Maruschzik, Preface to the German Edition
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About Paul Craig Roberts

Dr. Paul Craig Roberts was Assistant Secretary of the US Treasury in the Reagan administration, a member of the US Congressional staff, associate editor and columnist for the Wall Street Journal. He was Business Week's first outside columnist, a position he held for 15 years, and columnist for a decade for Scripps Howard News Service, carried in 300 newspapers. He was also a columnist for the Washington Times and for newspapers in France and Italy and for a magazine in Germany, as well as a contributor to The New York Times and a regular feature in the Los Angeles Times.. He was awarded the US Treasury's Meritorious Service Award as well as the French Legion of Honor by the Mitterrand government. Roberts has held academic appointments in six universities, including Stanford and the William E. Simon Chair in Political Economy, Center for Strategic and International Studies, Georgetown. He has testified before committees of Congress on 30 occasions. He was educated at Georgia Tech, the University of Virginia, the University of California, Berkeley, and Oxford University where he was a member of Merton College.
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Rating details

78 ratings
4.06 out of 5 stars
5 37% (29)
4 40% (31)
3 17% (13)
2 5% (4)
1 1% (1)
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