The other main result of globalism is to turn lesser developed
countries that had viable agriculture and were self-sustaining, to turn them
into monocultures; supplying like one crop for global markets, and then that
makes them -- first of all, that destroys the economic-social systems there, and
people now are dependent on food imports.
The big farms, of course, haven't room for much of the population that
used to be on sustainable farms. So
globalism is a wrecking force of amazing power to wreck. It doesn't do anything good except for
shareholders of big corporations and their managers, or chief executives.
Rob Kall: Now, in your new book, The Failure of
Laissez Faire Capitalism and Economic Dissolution of the West, you write,
"Globalism and financial concentration have destroyed the justifications of
market capitalism. Corporations that
have become too big to fail are sustained by public subsidies, thus destroying
Capitalism's claim to be an efficient allocator of resources." When you talk about globalism, I think you're
talking about corporate globalism, which is basically the only globalism we
have. Am I right on that?
Paul Craig
Roberts: Yeah, sure. What they mean by globalism is the total free
movement across national borders of capital and production, so that -
Rob Kall: In a sense, by creating this corporate
Globalism system that we have now, we have a system where corporatism
transcends the power and the Democracy of nations! Isn't that true?
Paul Craig
Roberts: Yeah, right. Well we've seen that, haven't we; in Greece,
Italy, and now Cyprus. Remember when the
Greek bailout was up, and the Greek Prime Minister or President said, "OK, I'm
going to put it to vote"? And the EU
said, "No you aren't! The people don't
get to decide. You resign right
now." And then they appointed from
outside, they appointed the government of Greece. And they did the same thing to Italy! The Italian Prime Minister or President or
whatever they call him wasn't elected, he was appointed by the EU bankers.
So now what we see in Cyprus with this new development where they have
redefined bank depositors as investors whose capital is at risk, they won't let
this go to a vote. The Parliament voted
down the first bailout plan, and so the second plan that the bankers came up
with and took to the Cyprus President -they said: "There's no vote. You can't vote. Either you sign this, and thereby commit the
country, or we're cutting you off from money, and you're going down the tubes." So the assault on Democracy is
widespread. It's the same thing
here. You may remember when Paulson
wanted the bailout for the banks, he wanted the $750 billion, he went to
Congress and said, "Quick, give us some money or there's Martial Law."
So there's no longer - governments don't represent the people
anymore. In Europe, they represent the
very powerful private banks, and they're going to be sure they don't lose any
money; so that shareholders in the banks are being made whole by, in the case
of Cyprus, seizing some share of the bank deposits of depositors. And what they did in Greece, they cut wages
and salaries, they cut pensions, they cut social services, they sold off public
assets like water companies to private companies, who then doubled the price,
and then that way the suppressed the living standards of the Greek people in
order to pay off bankers, so that the shareholders of the banks didn't lose any
money. Now we have the Dutch Minister
saying, "OK, the Cyprus solution of stealing bank deposits, that's the template
for all future bailouts." It's going to
come here, too. Not only that, Rob -
Rob Kall: You've got a great article that you wrote
saying, "It has happened here," based on the Sinclair Lewis book It can't
Happen Here. I want to go to another
article, you wrote. You wrote an article
called While Left and Right Fight, Power Wins. I'm going to get back to it as soon as I do a
station ID.
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