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USA To Continue Its Wars As Long As Dollar Remains Reserve Currency

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Theoretically, the US could bring its corporations back to America by taxing their profits according to the geographical location in which value is added to their product. If value is added abroad, in China or India, for example, the tax rate would be high. If value was added domestically in the US, the tax rate would be low.

The US could also resort to the protective tariffs that were responsible for its rise as an economic power.

These changes would be difficult to enact as the changes are contrary to the material interests of the one percent.

The US today is ruled by an oligarchy of private interests. The US government is not very independent of the powerful interest groups that fund political campaigns. The US ceased being a democracy during the Clinton administration.

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http://www.paulcraigroberts.org/

Dr. Roberts was Assistant Secretary of the US Treasury for Economic Policy in the Reagan Administration. He was associate editor and columnist with the Wall Street Journal, columnist for Business Week and the Scripps Howard News Service. He is a contributing editor to Gerald Celente's Trends Journal. He has had numerous university appointments. His book, The Failure of Laissez Faire Capitalism and Economic Dissolution of the West is available here. His latest book,  How America Was Lost, has just been released and can be ordered here.

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There's a lot of good stuff in this from PCR, but ... by Ernie Messerschmidt on Tuesday, Sep 25, 2012 at 1:52:01 PM
The DumboCrats who voted for Bill Clinton got roy... by Tom Madison on Tuesday, Sep 25, 2012 at 2:20:01 PM
... by Mort Persky on Wednesday, Sep 26, 2012 at 5:08:46 PM
What were all those choices we had again? And as f... by Mort Persky on Wednesday, Sep 26, 2012 at 5:20:03 PM
Far better for our Treasury to start issuing debt ... by Lance Ciepiela on Tuesday, Sep 25, 2012 at 8:02:35 PM
As usual, I just can't follow the economic stuff (... by Michael David Morrissey on Wednesday, Sep 26, 2012 at 2:01:12 AM
RELAX, ROB! Yom Kippur is over, but long after you... by Mort Persky on Thursday, Sep 27, 2012 at 1:11:10 AM