Uncle Sam, Your Banker Will See You Now By Paul Craig Roberts 08/08/07 "ICH"
[...] This is a grim outlook. We got in this position because our leaders are ignorant fools. So are our economists, many of whom are paid shills for some interest group. So are our corporate leaders whose greed gave China power over the US by offshoring the US production of goods and services to China. It was the corporate fat cats who turned US Gross Domestic Product into Chinese imports, and it was the “free trade, free market economists” who egged it on. How did a people as stupid as Americans get so full of hubris? Paul Craig Roberts was Assistant Secretary of the Treasury in the Reagan administration. He was Associate Editor of the Wall Street Journal editorial page and Contributing Editor of National Review. He is coauthor of The Tyranny of Good Intentions. ================================================== Roberts fits comfortably within the Buchanan-Dobbs school of conservative opinion (nativist, protectionist, isolationist) which has echoes in it of the old US populist movement, at least its right wing. While these folks share some of the left's traditional critique of finance capital and US intervention abroad, their analyses are pretty shallow and prescriptions for change generally reactionary. His statements that "we got into this position because our leaders are ignorant fools" and "a people as stupid as Americans" are revealing.
