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March 28, 2013

Paul Craig Roberts On The Biggest Bubble, Globalization, Left and Right,

By Rob Kall

A wide ranging discussion on the biggest bubble in the world, globalization, the biggest bubble,


Paul Craig Roberts

Former Editor at Wall Street Journal, POlicy director at the Treasury

New Book

The Failure of Laissez Faire Capitalism and Economic Dissolution of the West 


Very rough interview notes

mostly my questions

Rob: You wrote, in your new book, "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." I thought the end of the Soviet Union was a good thing" 

Rob:You also attributed the collapse to the high speed internet"  How did it play a role. 

 in your article, When Truth is Suppressed, Countries Die.

discussion of how outsourcing of production kills innovation. 

20 MIT professors issued a report that we're in the process of losing the ability to innovate. 

Labor arbitrage-- 

Can you define arbitrage?

Rob: You write in your book, "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. Profits no longer are a measure of social welfare when they are obtained by creating unemployment and declining living standards in the home country."

Rob: When you talk of globalism,  you really mean corporate globalism, which is the only kind of globalization that exists now. In a sense globalism has created a system that transcends nations and democracy. 

Article: It Has Happened Here  

Rob: You wrote: 

While Left And Right Fight, Power Wins

My experience with the American left and right leads to the conclusion that the left sees private power as the source of oppression and government as the countervailing and rectifying power, while the right sees government as the source of oppression and a free and unregulated private sector as the countervailing and rectifying power. Both are concerned with restraining the power to oppress, but they take opposite positions on the source of the oppressive power and remedy.

The right is correct that government power is the problem, and the left is correct that private power is the problem. Therefore, whether power is located within the government or private sectors cannot reduce, constrain, or minimize power.

Our Founding Fathers' solution was to minimize the power of government and to rely on contending factions among private interests to prevent the rise of an oligarchy. In the event that contending private interests failed, the oligarchy that seized the government would not have much public power to exercise.

The Founding Fathers' design more or less worked except for interludes of civil war and economic crisis until the cold war built up the power of government and the deregulation of the Clinton and Bush presidencies built up the power of private interests. It all came together with the accumulation of new, dictatorial powers in the executive branch in the name of protecting us from terrorists and with deregulation's creation of powerful corporations "too big to fail."

Rob: Do you see a way that left and right can find common ground?

Rob: It seems that we have two political parties that are both on the corporate side. 

Rob: Could a leader, a strong president end our participation in the global trade agreements?

Rob: Are we in the middle of a dollar bubble right now, a money bubble?

Paul Craig Roberts: "When the dollar bubble pops we will have the biggest economic disaster in history."

Rob: What do you think of a no-billionaires policy?

PCR "They have financialized the economy."

Debt peonage

Rob: What would a collapse of the banking system look like. 

Rob: This (deregulation) is what Friedman and the Chicago School of Economics  advocated for. 

Rob: what the Democrats don't understand is that the Democrats are to the right of Reagan

Rob: We're grateful that you send your articles to us (opednews) to publish.

Rob: How do you respond to critics who say you were with Reagan, that you created supply side economics.

Rob: Would you say that re-instating Glass Steagal would be a good step now?

Rob: transition from Top-down to bottom up-- do you see positive ways that bottom transition is helping?

Rob: Those are sites that you trust?

New Pope, 

Senate passes First budget in four years

Social Security

America's response to 911-- homeland security

Rob: YOu wrote, in your article, When Truth is Suppressed, Countries Die.

"If those who speak truth cannot be bought off or shut up, they are ignored or demonized. Almost everything Americans need to know is off limits in public discussion. Anyone who broaches the truth becomes an "anti-American," a "terrorist sympathizer," a "commie-socialist," a "conspiracy theorist," an "anti-semite," a "kook," or some other name designed to scare Americans away from the message of truth.

But you also talked about the problem of quackery on the web. How do you sort them out. 

Rob: Wouldn't you agree that that the role and responsibility of an internet site to provide forms of moderation and curation. 

Rob: What are some of the issues that are not permitted that need to be discussed?

PCR: 911, war crimes of the Bush and Obama administrations, policies of Israel, pointing out that offshoring is not free trade, 

Rob:What do you think of the state of capitalism now?

Rob: What's your impression on the Catholic church the vatican and the new Pope

Rob: What's your take on the current state of the middle east. Obama just went there" 

American invasions don't bring freedom and democracy-- they bring breakup and chaos"

Rob: a few months ago, I interviewed Noam Chomsky and he pretty much said the same thing. 

rob: Where does Israel get so much power in the US?

rob: What about Christian Zionists? What's their role?


Submitters Bio:

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. 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, OpEdNews.com

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 Opednews.com-- 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 Project. 

Rob Kall Wikipedia Page

Rob Kall's Bottom Up Radio Show: Over 200 podcasts are archived for downloading here, or can be accessed from iTunes

Rob Kall/OpEdNews Bottom Up YouTube video channel

Rob is also published regularly on the Huffingtonpost.com

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

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 an article on the Storycon Summit Meeting he founded and organized for eight years. 

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

Talk Nation Radio interview by David Swanson:  Rob   Kall  on Bottom-Up Governance June, 2017

Here is a one hour radio interview where Rob was a guest- on Envision This, and here is the transcript. 

To watch Rob having a lively conversation with John Conyers, then Chair of the House Judiciary committee, click hereWatch Rob speaking on Bottom up economics at the Occupy G8 Economic Summit, here.

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