Remembering The Cultural Revolution: A Nightmare On Film
By: Paul Craig Roberts|29 July, 2003|Categories: Articles & Columns|Tags: mao cultural revolution. party appointments beaten by students
Mao Zedong’s Chinese “Cultural Revolution” came to an end in 1976, almost three decades ago. Unless they are students of foreign affairs, few Americans under 45 or 50 years of age are familiar with Mao’s third and final violent assault upon China. By 1949 when Mao consolidated power in China, massacres of “capitalists” and landowners had become everyday events. Mao’s…
Read more »Globalism plus Outsourcing Equals American Dispossession
By: Paul Craig Roberts|22 July, 2003|Categories: Articles & Columns|Tags: district of columbia . economic recovery . maine north carolina . manufacturing jobs . stocks and bonds . unemployment rate . virginia illinois
Despite the economic recovery, the unemployment rate has risen to a nine-year high. How can this be? Part of the answer is the decline in U.S. manufacturing jobs. Between January 2001 and May 2003, US manufacturing jobs declined by 13.3 percent. (The jobs continue to decline. As of June the loss is 14.1 percent on a seasonally adjusted basis.) Every…
Read more »Martha Stewart Prosecution–A Comedy of Injustice
By: Paul Craig Roberts|15 July, 2003|Categories: Articles & Columns|Tags: prosecutor's viewpoint on martha stewart
Martha Stewart is the Michael Milken of this decade. This doesn’t mean that Martha–or Milken– is a big time financial crook. Daniel Fischel, professor of law and former dean of the University of Chicago Law School, demonstrated Milken’s innocence in his book, Payback: The Conspiracy to Destroy Michael Milken and His Financial Revolution. Wall Street wanted Milken and his upstart…
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