Bush War On Terror vs. Anglo-American Freedoms
The Bush administration believes that habeas corpus is a luxury that the US cannot afford in its war against terror. Habeas corpus is the legal principle that is the foundation of Anglo-American freedom. It prevents the government from picking up a person and holding him indefinitely without charge. Joseph Stalin and Adolf Hitler were not constrained by habeas corpus. They…
Read more »Guest Commentary: The Harsh Truth About Outsourcing
By: Paul Craig Roberts|22 March, 2004|Categories: Articles & Columns|Tags: comments on it outsourcing
The Harsh Truth About Outsourcing was published in BUSINESSWEEK, March 2004 It’s not a mutually beneficial trade practice — it’s outright labor arbitrage Economists are blind to the loss of American industries and occupations because they believe these results reflect the beneficial workings of free trade. Whatever is being lost, they think, is being replaced by something as good or…
Read more »The Missing Case for Free Trade
By: Paul Craig Roberts|15 March, 2004|Categories: Articles & Columns|Tags: paul craig roberts free trade
Belatedly, pundits are beginning to notice that economic growth without job growth is not politically viable. But they still haven’t a clue about what has become of job growth. Pundits no longer confidently assert that the massive US trade deficit is good for the economy, because it puts money in foreign hands to buy US exports and create jobs for…
Read more »Outsourcing: A New Occupational Hazard
Who does Bill Gates think he is fooling? Microsoft’s Chairman spent the last week of February on the college stump trying to talk up computer engineering. But nothing he can say can overcome the fact that students have been reading announcements from every American high tech company, including Microsoft itself, about thousands of engineering and research jobs being moved to…
Read more »Justice fails – Again
By: Paul Craig Roberts|08 March, 2004|Categories: Articles & Columns|Tags: company executives . company insider . economic system . good intentions . indictment trial . legal protections
[Earlier on the Martha Stewart case: Martha Stewart Prosecution--A Comedy of Injustice and View from Lodi, CA: Masticating Martha] The Kafkaesque indictment, trial and conviction of Martha Stewart is a devastating blow both to the US legal system and to belief in the American socio-economic system. As Lawrence Stratton and I have demonstrated in our book, The Tyranny of Good…
Read more »The Passion's Message
By: Paul Craig Roberts|01 March, 2004|Categories: Articles & Columns|Tags: Message . Passion's
Mel Gibson’s film of Jesus’ last hours is an intense experience. One sits for two hours watching Jesus be sadistically treated by his fellow men. Race and ethnicity are immaterial to Gibson’s purpose. The overpowering message of the film is that Christ really suffered for man’s sins. A second powerful message is man’s inhumanity to man, a message identical to…
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Business Week Guest Commentary—The Harsh Truth About Outsourcing
By: Paul Craig Roberts|26 March, 2004|Categories: Articles & Columns|Tags: absolute advantage . beneficial trade . comparative advantage . economist david ricardo . guest commentary . offshore production . where are the jobs
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The Future Of Work Business Week, March 22, 2004 SPECIAL REPORT—WHERE ARE THE JOBS? Guest Commentary: The Harsh Truth About Outsourcing. It’s not a mutually beneficial trade practice—it’s outright labor arbitrage Economists are blind to the loss of American industries and occupations because they believe these results reflect the beneficial workings of free trade. Whatever is being lost, they think,…
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