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

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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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Rob Kall is an award winning journalist, inventor, software architect, connector and visionary. His work and his writing have been featured in the New York Times, the Wall Street Journal, CNN, ABC, the HuffingtonPost, Success, Discover and other media. 

Check out his platform at

He is the author of The Bottom-up Revolution; Mastering the Emerging World of Connectivity  

He's given talks and workshops to Fortune 500 execs and national medical and psychological organizations, and pioneered first-of-their-kind conferences in Positive Psychology, Brain Science and Story. He hosts some of the world's smartest, most interesting and powerful people on his Bottom Up Radio Show, and founded and publishes one of the top Google- ranked progressive news and opinion sites,

more detailed bio: 

Rob Kall has spent his adult life as an awakener and empowerer-- first in the field of biofeedback, inventing products, developing software and a music recording label, MuPsych, within the company he founded in 1978-- Futurehealth, and founding, organizing and running 3 conferences: Winter Brain, on Neurofeedback and consciousness, Optimal Functioning and Positive Psychology (a pioneer in the field of Positive Psychology, first presenting workshops on it in 1985) and Storycon Summit Meeting on the Art Science and Application of Story-- each the first of their kind.  Then, when he found the process of raising people's consciousness and empowering them to take more control of their lives  one person at a time was too slow, he founded which has been the top search result on Google for the terms liberal news and progressive opinion for several years. Rob began his Bottom-up Radio show, broadcast on WNJC 1360 AM to Metro Philly, also available on iTunes, covering the transition of our culture, business and world from predominantly Top-down (hierarchical, centralized, authoritarian, patriarchal, big)  to bottom-up (egalitarian, local, interdependent, grassroots, archetypal feminine and small.) Recent long-term projects include a book, Bottom-up-- The Connection Revolution, debillionairizing the planet and the Psychopathy Defense and Optimization (more...)

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