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How Deregulation Resurrected American Economic Insecurity

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Gray concludes that a global free market is a project destined to fail, and its casualty list will be long. Insecurities will rise everywhere as globalism sets countries against one another in geo-political struggles to control dwindling natural resources that no country or institution has any responsibility to conserve. History is returning, and the neoconservatives will be remembered, if at all, as another utopian movement, a collection of bloody fools.

Gray's conclusion is consistent with the trends that Gerald Celente forecasts: currency wars, trade wars, political upheavals, and hot wars.

Libertarians will be the last to comprehend that the return of crony capitalism, robber barons, and economic insecurity is the direct consequence of a quarter century of deregulation. As I show in my new book, The Failure of Laissez Faire Capitalism And Economic Erosion Of The West, it is the failure of the latest laissez faire experiment that has saddled us with crony capitalism. Monopoly concentration and rule by the few, not Libertarian nirvana, is what deregulation and unbridled greed produce.

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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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"The problem is humans themselves. They are not qu... by Ad Du on Thursday, Mar 7, 2013 at 3:44:22 PM
The extreme income maldistribution in the US shown... by Ernie Messerschmidt on Friday, Mar 8, 2013 at 10:37:49 AM
If the people regulate the regulators, then there ... by Mark Adams JD/MBA on Friday, Mar 8, 2013 at 12:15:11 PM
It should be obvious, but since almost no one can ... by Mark Adams JD/MBA on Friday, Mar 8, 2013 at 12:38:48 PM
that we live in a democracy, but isn't a democrati... by Mark Adams JD/MBA on Friday, Mar 8, 2013 at 12:51:08 PM
to an aristocracy?The fascists realized that Marx ... by Mark Adams JD/MBA on Friday, Mar 8, 2013 at 1:02:35 PM
they believe  in the goodness of themselves. ... by Mark Sashine on Friday, Mar 8, 2013 at 1:07:21 PM
support the actions of our government.  Yet, ... by Mark Adams JD/MBA on Friday, Mar 8, 2013 at 1:15:33 PM
So  if  there is no need to have a good ... by Mark Sashine on Friday, Mar 8, 2013 at 1:35:44 PM
Looking at election results, it is clear most peop... by Richard Pietrasz on Saturday, Mar 9, 2013 at 3:16:12 AM
If you want to know ... by Mark Adams JD/MBA on Friday, Mar 8, 2013 at 1:07:43 PM
There Ain't No Such Thing As A Free Market.  ... by Richard Pietrasz on Saturday, Mar 9, 2013 at 3:30:01 AM