Saturday, December 15, 2012

Zeitgeist 2012: Year In Review


Love is the capacity to take care, to protect, to nourish. If you are not capable of generating that kind of energy toward yourself — if you are not capable of taking care of yourself, of nourishing yourself, of protecting yourself — it is very difficult to take care of another person.

Thich Nhat Hanh



Best of the Week: December 8-14, 2012The Hobbit is a lot better once you realize it's a war movie

The Hobbit has officially joined the ranks of franchises like Star Wars that are so eagerly anticipated that they suffocate under the weight of audience expectations. More »



























With its power declining, Washington was not able any longer to keep Russia out of the World Trade Organization. Congress showed its spite over its impotence by hooking the normalizing of trade with Russia to what is called the “Magnitsky rule.” http://www.bbc.co.uk/news/world-us-canada-20634768

Sergei Magnitsky was a Russian attorney who represented a British investment firm accused of tax evasion and fraud in Russia. Apparently, the UK firm supplied information to media alleging government misconduct and participation in corruption inside state-owned Russian companies.

Magnitsky represented the accused UK firm. He claimed that the firm had not committed fraud but had been a victim of fraud. In turn, Magnitsky was arrested. He developed serious illnesses in prison for which he apparently received inadequate medical care.

Whether he died of untreated illnesses, we cannot know. But the US Congress, acting on the unsubstantiated allegation that Magnitsky was tortured and murdered, attached to the trade normalization bill a provision that requires the US government to release a list of Russian government officials believed or imagined to have been involved with the violation of Magnitsky’s human rights and to freeze the assets of these members of the Russian government and to deny them visas to travel to the US. Considering Washington’s belief that its law is the universal law of humankind, Washington probably intends for every country to enforce its edict or to be sanctioned in turn.

The Russian government finds the “Magnitsky rule” amusing. Here is the Russian government accused, without any evidence, of ONE torture and death, while Washington has such a large number of torture deaths from Abu Ghraib to Gitmo to the secret CIA torture centers to endless drone attacks on kids‘ soccer games, weddings, funerals, medical clinics, schools, farm houses and aid workers. The evidence is completely clear that Washington has tortured a number of individuals to death and into false confessions and blown to pieces thousands of innocents known as “collateral damage.” No one but Washington and its servants denies this. But one alleged Russian offense against human rights brings forth an act of the US Congress, all in a huff about the violation of a Russian lawyer’s human rights.

A number of rulers in human history have been this arrogant. But has a democracy ever been? Athens perhaps, but Sparta taught Athens a lesson.

What do the members of Congress think is the response of the rest of the world to Washington’s utter hypocrisy? How can Washington pass a law punishing Russian government officials for allegedly doing once what we know for an absolute fact Washington does every day?

The holier-than-thou presence that Washington presents to the world is so phony and shopworn that Washington is becoming not only despised but a laughing stock. Peoples cease to fear the “superpower” when they laugh at its folly, hypocrisy and utter stupidity.

Certainly, the Russians are not afraid. The Russian Prime Minister, Dmitry Medvedev, responded to the Washington morons as follows: “It is inadmissible when one country tries to dictate its will to another.” The Magnitsky rule will bring forth a “symmetrical and asymmetrical reaction from Russia.” The Russian Duma seems intent that this be the case. http://rt.com/politics/prepares-russias-reply-magnitsky-705/print/

Washington is like the drunk in a bar who picks a fight with a bruiser. Washington is full of itself, but Russia and China are not going to put up with a financially busted and militarily overstretched popinjay. The evil in Washington is driving us into nuclear war and into the destruction of life on earth.


This article was reproduced with written permission from Joseph Cotto. This article first appeared: http://communities.washingtontimes.com/neighborhood/conscience-realist/2012/dec/5/paul-craig-roberts-ron-paul-citizens-united-fiscal/
FLORIDA, December 5, 2012 — Most pundits talk a good game about economics and politics. Few, however, are prepared to deliver anything beyond a superficial analysis of our time’s most controversial issues.
At times it seems like peer pressure and the groupthink it breeds are more important than life’s inescapable realities.
Thankfully, Paul Craig Roberts seems immune to this syndrome. As an assistant Treasury secretary under Ronald Reagan, he played a key role in formulating the Gipper’s now-legendary fiscal policy. As a journalist, he made no scruples about reporting the facts as he saw them. Now, as a columnist, he shares his opinions about America’s turbulent sociopolitical climate.
Agree or disagree with Roberts, and for me it depends on the day, one would have tremendous difficulty doubting that his ideas are genuine, and arrived at on an independent basis.
So, can America escape the clutches of the Great Recession and reclaim its economic vitality? What has the impact of free trade really been on our country? Did the Ron Paul movement bring any particularly important issues to the forefront?
Allow Dr. Roberts to explain about all of this and much, much more.
***************************
Joseph F. Cotto: America remains firmly caught in the Great Recession’s clutches. How do you think that our country can reclaim its economic vitality?
Dr. Paul Craig Roberts: The US cannot reclaim its economic vitality, which US corporations have sent abroad to India, China, and elsewhere, unless it can retrieve the offshored middle class jobs. The only way in which the US can retrieve its middle class jobs is to tax US corporations according to the geographical location at which value is added to their product.
If corporations produce domestically with US labor, they would have a low tax rate. If corporations produce abroad they would have a high tax rate.
The tax rate can be calculated to more than offset the lower cost of foreign labor and, thus, cancel the excess profits that corporations make from substituting low cost foreign labor for US labor.
Cotto: Prominent economists and politicians often say that free trade will only benefit America in the long run. What are your opinions about this idea?
Dr. Roberts: Ralph E. Gomory and William J. Baumol have proven conclusively in their 2000 MIT Press book, Global Trade and Conflicting National Interests, that David Ricardo’s free trade theory was incorrect from the beginning. Therefore, the free trade issue is moot and a red herring.
Jobs offshoring is not free trade. Even if free trade theory was correct, jobs offshoring is pursuit of absolute advantage, the opposite of comparative advantage, which is the basis for the free trade argument. The economists who continue to advocate free trade and continue to confuse jobs offshoring with free trade are simply incompetent and professionally ignorant.
Cotto: Everyone is talking about the Fiscal Cliff. What do you expect to happen if both parties fail to find common ground on a budget proposal?
Dr. Roberts: The “fiscal cliff” is likely to be like the debt ceilings and the budget resolutions; just another can kicked down the road. The Congress will pass extension after extension. The Republicans will use the fiscal cliff to try to cut the social safety net, and the Democrats will use it to try to raise taxes.
If the parties succeed, a weak and faltering economy will get a double-barrel dose of austerity and be driven further into the ground.
Cotto: Over the last several years, mass movements such as Occupy and the Tea Party have made an impact on the political process. Each is largely a result of the recession and popular anger at government malfeasance. From your standpoint, are Occupy and the Tea Party as different from one another as pundits tend to claim?
Dr. Roberts: Occupy and the Tea Party both are expressions of frustration over the fact that the US government represents only a handful of powerful private interests who purchase the government which then does the bidding of the private interests.
Cotto: Due to the Citizens United ruling, millions of Americans have become are nervous about the influence money plays in politics. Are these concerns legitimate?
Dr. Roberts: The concerns about corporate money ruling politics are legitimate.This was the case even before the Republican Supreme Court made its Citizens United ruling legalizing the purchase of the US government by private interests.
Cotto: During complicated times like these, a robust national security policy is essential. While America can continue to build stronger relationships with proven allies, more should be done to prevent domestic terrorism as well. What are your opinions on this most challenging matter?
Dr. Roberts: There is no domestic terrorism. Moreover, the “war on terror” is a hoax. The hoax is increasingly perceived abroad, and, consequently, America’s relationships with allies are beginning to unravel. Today all Washington can do is to use money to purchase the governments that it needs as allies.
Cotto: Illegal immigration is a political lightning rod. Some believe that America needs legislations like the DREAM Act. Others say that the federal government should deport all illegal aliens. What would you say is the most effective manner of dealing with such a contentious matter?
Dr. Roberts: It is too late to do anything about immigration. The immigrants comprise too large a percentage of the population and many are now integrated into society. Washington has no better chance of expelling immigrants than Rome had of expelling Germans.
Cotto: Multiculturalism is spreading across the Western world at high speed. This has led not only to language barriers, but substantial ethnic, religious, and racial tensions. How should our country’s leaders be approaching this volatile subject?
Dr. Roberts: Empires become multicultural entities. In the US multiculturalism is protected by civil rights law and political correctness. The US has a black president, a black attorney general, a black UN ambassador and, apparently, soon another black Secretary of State. I am not complaining, just acknowledging the reality of multiculturalism. When the US government demonizes and profiles Arabs and Muslims, it might be breaking its own laws and also making other ethnicities and religions nervous.
Cotto: Across the political spectrum, libertarianism has become very popular. Specifically in the Republican Party, followers of Ron Paul are posing a serious challenge to the establishment. What do you feel the Ron Paul movement brought to the conversation?
Dr. Roberts: Ron Paul tried to bring defense of the US Constitution to the conversation, only to find that neither Republicans nor Democrats had any interest whatsoever in defending the US Constitution.
Cotto: We all have turning points in our lives. At what point did the path diverge, leading you to become one of America’s most well known economists and political commentators?
Dr. Roberts: It is not my path that has diverged. Rather, it is the path of the US government which has become less truthful, less accountable, more immoral, more evil, and more oppressive.

No comments: