Add this Page to Facebook!   Submit to Twitter   Submit to Reddit   Submit to Stumble Upon   Pin It!   Fark It!   Tell A Friend  
Printer Friendly Page Save As Favorite Save As Favorite View Article Stats
20 comments, In Series: Paul Craig Roberts Podcasts and 2 part transcript-- The Collapse of the Banking System, and After

General News

Paul Craig Roberts Transcript; Part 1-- The Biggest Economic Disaster in History, Globalism, the Undoings of the West

By (about the author)     Permalink       (Page 1 of 5 pages)
Related Topic(s): ; ; ; ; ; ; ; ; , Add Tags Add to My Group(s)

Must Read 9   Valuable 9   Well Said 6  
View Ratings | Rate It

Headlined to None 3/30/13
Become a Fan
  (282 fans)

opednews.com

Rob Kall Bottom Up Radio

I interviewed Paul Craig Roberts on March 27th.  This is part one of a two part interview.

Here's the link to the audio recording Podcast.

Thanks to Don Caldarazzo   for doing the transcript.

Rob Kall:   And welcome to the Rob Kall Bottom Up Radio Show, WNJC 1360 AM, reaching metro Philly and South New Jersey, out of Washington Township, New Jersey, sponsored by Opednews.com .  Just Google the words "Liberal news," and Opednews.com shows up at the top of your Google search, or one or two [1 or 2] on your Bing.com search.  But we're left of Liberal, really.  And we're certainly not a Democratic or a Republican site at Opednews.com

 
by PCR

My guest tonight is Paul Craig Roberts.  He's a former editor at the Wall Street  Journal, he was policy director at the Treasury, and in recent years he has been just kicking butt talking about the truth about the economy, about the Constitution, about the rights in America, and the future of America.  He's got a new book out: The Failure of Laissez Faire Capitalism and Economic Dissolution of the West.  Welcome to the show, Paul.

Paul Craig Roberts:   Hey, glad to be with you, Rob.

Rob Kall:   I think this is the fourth of fifth time I've had you on the show, which may make you one of the most, or the most, frequently revisited guests.  Your website is Paulcraigroberts.org .  I wanted to start off citing a little bit from your new book.  It just came out the beginning of the year.  You say in it, "The collapse of the Soviet Union in 1991 and the rise of the high speed internet have proved to be the economic and political undoing of the West." 

That's a big deal!  I'd like you to dissect each of those a little bit.  I thought that  collapse of the Soviet Union was a pretty good thing.  Why are you saying it's so bad for the US?

Paul Craig Roberts:   Well, you know, Rob, it led to that Neoconservative nonsense about the end of History, which of course unleashed the notion of American hegemony over the world, and the ideology behind all of the wars and the aggression that the United States has been conducting since the George W. Bush administration.  But I'm speaking in the book economically; and what happened economically because of the collapse of the Soviet Union and the rise of the high speed internet is that it made it possible for Western corporations (corporations in the United States, Europe) to arbitrage labor across national borders. 

In other words, when the Soviets collapsed, it had a big impact on thinking in Communist China and Socialist India.  Their response to the failure of the Soviet Union was to open their vast, underutilized labor to Western capital.  So the corporations found out that they could produce for their home market offshore in India or China, dramatically drop the labor cost, and thereby dramatically increase the profits flowing in capital gains to shareholders and in performance bonuses to executives. 

So the collapse of the Soviet Union began the arbitrage of of labor, and it ended up separating Americans from the production of the goods and services that they consume.  The economy has been dead in the water ever since, and the Federal Reserve under Alan Greenspan tried to substitute - for the missing growth in consumer income in employment - consumer indebtedness.  So we had the rise in consumer indebtedness, the real estate bubble, the various financial frauds, and the ongoing financial crisis.

Rob Kall:   You also said about this being caused by the high speed internet.  How's that tie in?

Paul Craig Roberts:   Right.  That's what I'm getting to now.

Rob Kall:   OK.

Paul Craig Roberts:   The manufacturing goods were produced offshore and sent in.  Now.  What the high speed internet allowed the corporations to do was to offshore the production of professional services, such as software engineering, information technology; and now, of course, research, design.  They could hire people in India to do this work, and they could send it in on the high speed internet, and so we have seen the employment for Americans in rapidly growing fields such as software engineering and information technology simply dry up.  The work is now done offshore and sent in on the internet.  So the consequence of Soviet collapse was to destroy American manufacturing jobs, and to destroy professional service jobs that had always been the ladder of upward mobility for American university graduates.

Next Page  1  |  2  |  3  |  4  |  5

 

Rob Kall is executive editor, publisher and website architect of OpEdNews.com, Host of the Rob Kall Bottom Up Radio Show (WNJC 1360 AM), and publisher of Storycon.org, President of Futurehealth, Inc, and an inventor . He is also published regularly on the Huffingtonpost.com

Listen to over 200 of Rob's Podcast interviews here.

Rob is, with Opednews.com the first media winner of the Pillar Award for supporting Whistleblowers and the first amendment.


With his experience as architect and founder of a technorati top 100 blog, he is also a new media / social media consultant and trainer for corporations, non-profits, entrepreneurs and authors.

Rob is a frequent Speaker on the bottom-up revolution, politics, The art, science and power of story, heroes and the hero's journey and Positive Psychology. He is a campaign consultant specializing in tapping the power of stories for issue positioning, stump speeches and debates, and optimizing tapping the power of new media. Watch me speaking on Bottom up economics at the Occupy G8 Economic Summit, here.

See more Rob Kall articles here and, older ones, here.

To learn more about Rob and OpEdNews.com, check out A Voice For Truth - ROB KALL | OM Times Magazine and this article. For Rob's work in non-political realms mostly before 2000, see his C.V..

And here's a one hour radio interview where I was a guest- on Envision This, on 10/23/13. And here is the transcript. 

And Rob's quotes are here.

To watch me on youtube, having a lively conversation with John Conyers, former Chair of the House Judiciary committee, click here Now, wouldn't you like to see me on the political news shows, representing progressives. If so, tell your favorite shows to bring me on and refer them to this youtube video.

Rob's radio show, The Rob Kall Bottom Up Radio Show, runs 9-10 PM EST Wednesday evenings, on AM 1360, WNJC and is archived at www.opednews.com/podcasts Or listen to it streaming, live at www.wnjc1360.com

Rob also hosted a health/mind/body/heart/spirit radio show-- the Rob Kall Futurehealth radio show. Check out podcasts from it at futurehealth.org/podcasts

Follow me on Twitter

A few declarations.

-My articles express my personal opinion, not the opinion of this website.

Press coverage in the Wall Street Journal: Party's Left Pushes for a Seat at the Table


Add this Page to Facebook!   Submit to Twitter   Submit to Reddit   Submit to Stumble Upon   Pin It!   Fark It!   Tell A Friend
The views expressed in this article are the sole responsibility of the author and do not necessarily reflect those of this website or its editors.

Follow Me on Twitter

Contact Author Contact Editor View Authors' Articles

Most Popular Articles by this Author:     (View All Most Popular Articles by this Author)

A Conspiracy Conspiracy Theory

Terrifying Video: "I Don't Need a Warrant, Ma'am, Under Federal Law"

Cindy Sheehan Bugged in Denver

Ray McGovern Discusses Brutal Arrest at Secretary Clinton's Internet Freedom Speech

Libertarian Legacy? Ron Paul's Campaign Manager, 49, Dies Uninsured, Of Pneumonia, Leaving family $400,000 Debt

Interview: McCain Fellow Hanoi Hilton POW & Naval Academy Dorm-mate; Why He Won't Vote For McCain

Comments

The time limit for entering new comments on this article has expired.

This limit can be removed. Our paid membership program is designed to give you many benefits, such as removing this time limit. To learn more, please click here.

Comments: Expand   Shrink   Hide  
15 people are discussing this page, with 20 comments
To view all comments:
Expand Comments
(Or you can set your preferences to show all comments, always)

  Now I think that the move to New Age C... by Theresa Paulfranz on Saturday, Mar 30, 2013 at 2:39:30 PM
Good work Rob.  Most important thing I've see... by Joe Giambrone on Saturday, Mar 30, 2013 at 3:22:39 PM
1,000 bankers chained together at the bottom of th... by intotheabyss on Saturday, Mar 30, 2013 at 4:01:44 PM
It's time for a Hemp Revolution! Food, fuel, shel... by Garry Minor on Saturday, Mar 30, 2013 at 4:45:30 PM
These are all excellent points, clearly made. But,... by Simon Leigh on Saturday, Mar 30, 2013 at 5:41:00 PM
If truth, media and awareness is out the win... by Michael Daly, artist on Saturday, Mar 30, 2013 at 6:34:44 PM
107-109 Congresses gave Bush Jr corporate tax br... by Lance Ciepiela on Sunday, Mar 31, 2013 at 6:45:15 AM
Lance, you seem to miss the inequality in wages th... by Toby Seiler on Sunday, Mar 31, 2013 at 9:20:20 AM
Mitt Romney a would be chief of outsourcing invest... by Lance Ciepiela on Sunday, Mar 31, 2013 at 8:35:04 PM
While power does not really want solutions, I beli... by Toby Seiler on Sunday, Mar 31, 2013 at 9:05:07 AM
used to help solve the off-shoring of American job... by Mark Adams JD/MBA on Sunday, Mar 31, 2013 at 12:45:41 PM
"Globalization" is the polite PR term to av... by Alan MacDonald on Sunday, Mar 31, 2013 at 9:20:11 AM
Read the "Protocols of the Elders of Zi-on", not f... by Toby Seiler on Sunday, Mar 31, 2013 at 9:30:54 AM
Toby, the DGE (Disguised Global Empire) is not in ... by Alan MacDonald on Sunday, Mar 31, 2013 at 9:55:26 AM
Can you explain in more detail why you are recomme... by Rob Kall on Sunday, Mar 31, 2013 at 11:18:57 AM
I agree. there are other ways to examine sentiment... by Susan Lee Schwartz on Sunday, Mar 31, 2013 at 12:36:42 PM
It plays into the interviewee's bipartisan act, li... by Eric Zuesse on Sunday, Mar 31, 2013 at 11:23:13 AM
Since the 1980s when Paul Craig Roberts was in the... by E. J. N. on Sunday, Mar 31, 2013 at 3:30:23 PM
What the hell else would you want from a a man who... by Michael Dewey on Sunday, Mar 31, 2013 at 5:21:58 PM
Alan MacDonald shows the core problem. Teresa Paul... by Michael Daly, artist on Sunday, Mar 31, 2013 at 4:49:20 PM