Paul Craig
Roberts: Well -- very few sites will let
you just even point out the facts of 9/11. I mean this is one of the biggest hoaxes in
human history, but most sites are afraid of it.
You have a hard time on many sites saying anything about the War Crimes
of the Bush and Obama administration.
All of these wars are without any doubt War Crimes under the Nuremberg
standard that were applied to the Germans after WWII. Many sites, if you criticize the policies of
Israel, they call you an anti-Semite.
But you're not an anti-American if you criticize the American policies,
but (laughs) if you criticize Israel it means that you hate Jews. All of these, you could go on, so many things
like this. If you point out that
offshoring is not free trade, that it's labor arbitrage, that deregulation can
go extremes and be destructive, then the Libertarian sites won't publish it,
because they think capital should be free to do whatever it wants, otherwise we
don't have any freedom.
Rob Kall: What do you think about the state of
Capitalism now?
Paul Craig
Roberts: Well, as we've discussed today,
it really no longer exists, because Capitalism is supposed to eliminate
failures, but we now have these banks to big to fail and they're kept going
with massive public subsidies, which is essentially destroying the currency;
destroying the reserve currency role of the US dollar. This is a huge social cost of saving these
banks. The social cost far exceeds the
damage of letting the banks fail. If
Capitalism can't eliminate failures, it's not working.
Another foundation of Capitalism is that profits are a sign that
resources were used successfully in satisfying consumer needs or wants. Because if you have profits it meant that you
did something that people wanted, if you had losses it meant that you are using
resources in a way that don't meet the needs of consumers. So profits are supposed to be a sign that you
are successfully serving society. But
when the profits come from putting massive numbers of people out of work by
moving the economy offshore, that's not serving social welfare.
Rob Kall: And with the help of welfare for corporations
as well.
Paul Craig
Roberts: There is some of that, but
that's not really what's so important.
What's important is that they now make profits by hurting the
society! And so the profits are no
longer a sign that they are doing a good job serving society. Both of the markers of capitalistic success
no longer work in American Capitalism.
And as I also said earlier, Capitalism has been financialized, and it
works now to suck all the surplus out of the economy and direct it into the
banks.
Rob Kall: Just to -- we need to wrap up, so I just
wanted to get a couple of quick comments from you on two more things. 1)
There's a new Pope. What's your
impression of the Vatican, what's happening with the Catholic Church and the
Pope?
Paul Craig
Roberts: Yes, I'm not qualified to speak
on that. The only I impression I have is
that there has been a long time attack on the Catholic Church; and I think that
the reason for this attack is that the Catholic Church, despite all of it's failures
and problems, is still about the only thought to morality. It's the only place that there's any moral
voice. How real it is, I can't say, but
it's evil, closing down the last sort of moral fount, and I think that the
Church is losing this battle, and we will all pay for it.
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