Dr. Roberts is perhaps the best qualified person in America to write this essay on the failures of our current economic system. Earning his PhD in Economics from the University of Virginia, he was Assistant Secretary of the Treasury in the Reagan Administration, a Senior Fellow at the Hoover Institute (Stanford) and associate editor to the Wall Street Journal.
As a life long Republican and Conservative, he is also uniquely positioned to credibly deconstruct the economic sacred cows that underpin the domestic policies of the last four administrations.
Dr. Roberts is more than an economist - he is a philosopher, a journalist, a keen student of history, and a man passionately concerned about American and its future.
The first third of this book describes the shortcomings of classic economic theory in rigorous detail, but without drowning us in technical jargon. Included are an introduction to the history of economics and how we got to where we are today and the major players of interest to us as modern Americans.
He neatly takes apart the arguments and assumptions of the current crop of yes-men and true believers that dominate the field today. The writing is concise and understandable to the average college educated American. The subject may seem dry and uninteresting but pay attention class - THIS STUFF IS IMPORTANT!!
These dry as dust theories affect almost every aspect of our lives and command the fate of nations! Consider the Russian Revolution of 1917 and the rise of modern communism and all the pain and suffering that it caused around the world - all that flowed from an economic theory.
When the economic theories behind government actions and policies are wrong, those government policies can be hugely destructive - and they are in fact wrecking the United States!
The second part of the book; titled "The New Dispossession" shows us the damage these flawed policies have already caused in lost jobs and lost homes and a blighted futures. But then Dr. Roberts goes beyond economic theory to examine other destructive trends of less obvious origins.
Americans have to be wondering what's going on? Have our leaders suddenly forgotten the difference between good and evil? It's almost as if the government has declared war against their own citizens. The middle class is being destroyed; the government is allowing the looting of the entire nation to benefit a tiny minority of the super rich. The word Banksters describes parts of this upside down Robin Hood activities. The government is become the shameless lackey of giant corporations and the super rich - there is hardly a pretense of its role to protect the citizens. The Robber Barons have returned. Additionally the poisonous doctrine of security at any price has allowed the shredding of our Constitution and eroded vitally important civil liberties. A consolidated and co opted press says nothing - in fact acts as lap dog and attack dog for the powers that be.
Dr. Roberts shows us over and over that the establishment has been deceiving us for years; about almost everything - outsourcing of jobs is good for America; we don't need those restrictive laws - we're the good guys. Some Banks are too big to fail and their big executives are too important to indict and go on trial for stealing us blind. Trust us, we'll protect you (especially if you have a 7 figure income -or better).
The People can not be aroused to action unless they know what is really going on. Do they want their children to live in a Third World Nation? Do they want a much lower standard of living for 95 % of Americans while the rich get ever richer?
One of the many facts quoted "during the previous ten years, the US lost 54,621 factories and manufacturing employment fell by 5 million" This destruction of American's vital manufacturing core has been caused by outsourcing. Now here comes the next step; Insourcing - the use of H1b visas to replace American professional workers with lower paid foreign workers.
What will that leave as jobs for our children's children - bartenders, cooks, waitresses, and maybe health aides for the elderly?
Dr. Roberts lays it all out for us in all its evil glory in the second part of the book.
The third part deals with the debt crisis in Europe and explains the historical and political implications of this mess. "The new president of the European Central Bank is Mario Draghi - the former Vice Chairman and Managing Director of Goldman Sachs International" . What a coincidence !
Finally there is a nice appendix with lots of interesting graphs from John Williams at shadowstats.com (where people go when they want the truth in statistics).
Our people deserve better but they must demand it. The lust for power and greed knows no bonds - only an awakened electorate can take back this country from the corrupt officials and crooks that are now running things. Buy several copies of this book and give them to your friends and family members.
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Top reviews from other countries
- Ben.Reviewed in Australia on August 6, 2020
No problem.
Arrived and new condition.No problem.Ben.
Reviewed in Australia on August 6, 2020
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- Susan StewartReviewed in Canada on August 2, 2014
Brilliant Analysis of the New Economy - Much Needed
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