Send this article to a friend:

January
25
2023

A Bit of Good News
Paul Craig Roberts

Ekaterina Blinova Reports “Globalization has died and Davos 2023 was its funeral.” Read her report:

The neoconservative attack on Russia and China has a silver lining.  It has killed Globalism.  Russia and China and the countries dependent on Russian energy and Chinese goods and financing have been cut off from the WEF’s effort to unify the world under US hegemony.  Globalism was never anything but a way for Washington to exploit the rest of the world.  As Ms. Blinova says, the World Economic Forum is an elite club that intended to dictate Washington’s rules to the rest of the world. Washington would rule under the guise of “globalism.”

Klaus Schwab, in his 80s will soon be gone and the WEF with him.  Bill Gates might try to keep the WEF going for his own sick agenda, but today the US is a considerably smaller force on the world scene than it was during the Reagan presidency.  

Washington is such an inbred system that the consequence is stupidity.  People  capable of thinking outside of official narratives are simply not accepted.  It is no longer possible for leadership based in objective reality to  take hold in Washington.  

In the US all of the elements necessary for a free society have been dismantled. Law has moved from Congress to executive branch regulatory agencies who decide the regulations that implement the law.  Judges are appointed for the causes they serve–for example, abortion or right to life–and not for their knowledge of law and commitment to Constitutional rule.  The security agencies are politicized and serve vested interests instead of our country’s security. Education consists of anti-white, anti-American indoctrination such as the 1619 Project and Critical Race Theory.  The US school system, including the universities, teaches the young that white people are racists guilty of oppressing “people of color.”

In the face of this ruling dogma, the neoconservatives’ claim that America, like Israel, is the chosen country, both exceptional and indispensable–God’s Chosen People–lacks support in the indoctrinated youth. Clearly, the neoconservative claims  are inconsistent with the education that the young are receiving.   

How does a country go to war, as the neoconservatives intend, with economically and militarily powerful countries such as Russia and China when the country’s educational system teaches the younger generations that their country is racist to the point of evil?  Who is going to fight for racist, exploitative America other than the military/security complex whose budget is at stake?  People can be coerced into military service, but if their heart is not in it, how much of a fight are they capable of?

With sensitivity training, denial of promotion to white heterosexuals while gender and race “parity” is achieved, and the subordination of white male heterosexuals to black, transgendered, homosexual and female officers has taken the soul out of the US military. The US military is an organization divided by Identity Politics instead of a unified force and now faces  two rising powers that have escaped demoralization of their armies by woke politics.

The Russians and Chinese are growing stronger while ruin shows its head everywhere in the West. The infrastructure to support Washington’s “diplomacy by coercion” is eroding.  The collapse of Western dominance might save us from nuclear Armageddon.

Hon. Paul Craig Roberts is the John M. Olin Fellow at the Institute for Political Economy, Senior Research Fellow at the Hoover Institution, Stanford University, and Research Fellow at the Independent Institute. A former editor and columnist for The Wall Street Journal and columnist for Business Week and the Scripps Howard News Service, he is a nationally syndicated columnist for Creators Syndicate in Los Angeles and a columnist for Investor's Business Daily. In 1992 he received the Warren Brookes Award for Excellence in Journalism. In 1993 the Forbes Media Guide ranked him as one of the top seven journalists.

He was Distinguished Fellow at the Cato Institute from 1993 to 1996. From 1982 through 1993, he held the William E. Simon Chair in Political Economy at the Center for Strategic and International Studies. During 1981-82 he served as Assistant Secretary of the Treasury for Economic Policy. President Reagan and Treasury Secretary Regan credited him with a major role in the Economic Recovery Tax Act of 1981, and he was awarded the Treasury Department's Meritorious Service Award for "his outstanding contributions to the formulation of United States economic policy." From 1975 to 1978, Dr. Roberts served on the congressional staff where he drafted the Kemp-Roth bill and played a leading role in developing bipartisan support for a supply-side economic policy.

In 1987 the French government recognized him as "the artisan of a renewal in economic science and policy after half a century of state interventionism" and inducted him into the Legion of Honor.

Dr. Roberts' latest books are The Tyranny of Good Intentions, co-authored with IPE Fellow Lawrence Stratton, and published by Prima Publishing in May 2000, and Chile: Two Visions - The Allende-Pinochet Era, co-authored with IPE Fellow Karen Araujo, and published in Spanish by Universidad Nacional Andres Bello in Santiago, Chile, in November 2000. The Capitalist Revolution in Latin America, co-authored with IPE Fellow Karen LaFollette Araujo, was published by Oxford University Press in 1997. A Spanish language edition was published by Oxford in 1999. The New Colorline: How Quotas and Privilege Destroy Democracy, co-authored with Lawrence Stratton, was published by Regnery in 1995. A paperback edition was published in 1997. Meltdown: Inside the Soviet Economy, co-authored with Karen LaFollette, was published by the Cato Institute in 1990. Harvard University Press published his book, The Supply-Side Revolution, in 1984. Widely reviewed and favorably received, the book was praised by Forbes as "a timely masterpiece that will have real impact on economic thinking in the years ahead." Dr. Roberts is the author of Alienation and the Soviet Economy, published in 1971 and republished in 1990. He is the author of Marx's Theory of Exchange, Alienation and Crisis, published in 1973 and republished in 1983. A Spanish language edition was published in 1974.

Dr. Roberts has held numerous academic appointments. He has contributed chapters to numerous books and has published many articles in journals of scholarship, including the Journal of Political Economy, Oxford Economic Papers, Journal of Law and Economics, Studies in Banking and Finance, Journal of Monetary Economics, Public Finance Quarterly, Public Choice, Classica et Mediaevalia, Ethics, Slavic Review, Soviet Studies, Rivista de Political Economica, and Zeitschrift fur Wirtschafspolitik. He has entries in the McGraw-Hill Encyclopedia of Economics and the New Palgrave Dictionary of Money and Finance. He has contributed to Commentary, The Public Interest, The National Interest, Harper's, the New York Times, The Washington Post, The Los Angeles Times, Fortune, London Times, The Financial Times, TLS, The Spectator, Il Sole 24 Ore, Le Figaro, Liberation, and the Nihon Keizai Shimbun. He has testified before committees of Congress on 30 occasions.

Dr. Roberts was educated at the Georgia Institute of Technology (B.S.), the University of Virginia (Ph.D.), the University of California at Berkeley and Oxford University where he was a member of Merton College.

He is listed in Who's Who in America, Who's Who in the World, The Dictionary of International Biography, Outstanding People of the Twentieth Century, and 1000 Leaders of World Influence. His latest book, HOW THE ECONOMY WAS LOST, has just been published by CounterPunch/AK Press. He can be reached at: [email protected]

Please Donate

I listen to my readers. In March 2010, I terminated my syndicated column. Thousands of you protested. So persuasive were your emails asking me to reconsider and to continue writing that, two months later, I began writing again.

In order to create a coherent uncensored and unedited archive of my writings, The Institute For Political Economy, a non-profit organization that supports research, writing and books, has established this site, thus gratifying readers' demands that I continue to provide analyses of events in our time.

In order to stay up, this site needs to pay for itself.

www.paulcraigroberts.org