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About Paul Craig Roberts
Dr. Paul Craig Roberts was the Assistant Secretary of the Treasury in the Reagan administration, associate editor and columnist for the Wall Street Journal, columnist for Business Week, the Scripps Howard News Service, and Creators Syndicate. He has testified before Congress on 30 occasions. His unparalleled website, www.PaulCraigRoberts.org, has millions of visitors every year.
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"A devastating indictment of our current system of justice." — Milton Friedman
In this provocative book, Paul Craig Roberts and Lawrence M. Stratton show how the law, which once shielded us from the government, has now become a powerful weapon in the hands of overzealous prosecutors and bureaucrats. Lost is the foundation upon which our freedom rest—the intricate framework of Constitutional limits that protect our property, our liberty, and our lives. Roberts and Stratton convincingly argue that this abuse of government power doesn't have ideological boundaries. Indeed, conservatives and liberals alike use prosecutors, regulators, and courts to chase after their own favorite "devils," to seek punishment over justice and expediency over freedom. The authors present harrowing accounts of people both rich and poor, of CEOs and blue-collar workers who have fallen victim to the tyranny of good intentions, who have lost possessions, careers, loved ones, and sometimes even their lives.
This book is a sobering wake-up call to reclaim that which is rightly ours—liberty protected by the rule of law.
2014 explores the extreme dangers in Washington's imposition of
vassalage on other countries and Washingtonâ€™s resurrection of distrust
among nuclear powers, the very distrust that Reagan and Gorbachev
worked to eliminate.
Roberts explains how the collapse of the Soviet Union in 1991 removed
the only check on Washington's ability to act unilaterally. The United
Statesâ€™ position as the sole remaining superpower led to the euphoric
proclamation of â€œthe end of historyâ€ and to Washingtonâ€™s presumption of
the victory of â€œAmerican democratic-capitalismâ€ over all other systems.
The neoconservatives became entrenched in successive American
administrations, both Republican and Democratic. Their ideology of US
global hegemonyâ€”the doctrine that no other power will be allowed to
arise that could constrain US unilateral actionâ€”has become a
foundational premise of US foreign policy and has led to reckless
intervention in Ukraine and an irresponsible assault on Russian national
In pursuit of hegemony, Washington has expanded NATO to Russiaâ€™s
border, instigated â€œcolor revolutionsâ€ in former constituent parts of the
Soviet Union, announced a â€œpivot to Asiaâ€ to encircle China, orchestrated
a coup in Ukraine, demonized Putin, and imposed warlike sanctions
against Russia. These reckless and irresponsible actions have brought
back the risk of nuclear war.
This succession of events has impelled Robertsâ€”following an illustrious
career in government, journalism and academiaâ€”to perform the
clarifying function abandoned by the mainstream media of examining the
agendas at work and the risks entailed. His insightful commentary is
followed all over the world. In February 2015, Roberts was invited to
address a major International conference in Moscow hosted by Institutes
of the Russian Academy of Sciences and Moscow State Institute of
International Relations, where he delivered the address which is the title
of this book.
In Robertsâ€™ assessment, Washington's drive for hegemony is not only
unnecessary but unrealistic and filled with peril for Americans and the
world at large. This book is a call to awareness that ignorance and
propaganda are leading the world toward unspeakable disaster.
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.
The potential strength of the economies of Central and South America has always been obvious, the authors point out. Abundant natural resources, combined with vast expanses of fertile land and a sophisticated and relatively cohesive social culture, are found throughout the region. But the authors show that the Latin American nations were slow to discard the economic and social climate that they had inherited from their Spanish colonial masters, who had ruled by selling government jobs--creating a network of privilege--and by suppressing through over-regulation the development of markets for goods, services, and capital. The prevalent cultural attitude in Latin America was hostile to commerce, trade, and work--indeed, it was more socially acceptable to court government privilege than to compete in markets. The authors further show that U.S. aid packages to the region actually reinforced this culture of privilege and further hampered the growth of a free economy. Not until the 1980s did the picture begin to change, largely in response to the economic crises brought on through catastrophic national debts and hyperinflation. The book describes the efforts of the Salinas, Pinochet, and Menem governments to combat the established interests of the local elites and the international development agencies, to privatized state industries, and to established independent markets. In this new climate, private capitalists and entrepreneurs are feted and celebrated, and productivity has risen to levels unimagined only a few years before. But this dramatic economic turnaround, the authors show, is a mixed blessing for the U.S. For if it provides us with a vast new market for our goods, it has also created a powerful new competitor for capital investment. To keep American and foreign capitalists investing in America, the government needs to make changes, which the authors outline in a provocative conclusion.
Central and South America have a combined population of 460 million people, a potential market greater than the United States and Canada combined or the European Community. Thus the rise of free market capitalism in Latin America is of vital interest to the United States. The Capitalist Revolution in Latin America provides an insightful portrait of this dramatic economic turn-around, illuminating the economic consequences for our own society.