From Citizen to Serf in 200 Years
America is a strange place. Liberals get emotionally distraught that the Founding Fathers stuck Second Amendment rights in the Constitution. For American citizens to possess firearms is considered to be dangerous. Yet it is quite alright for Americans to possess deadly green mambas. Mambas are large, fast, and very poisonous African snakes whose bite is usually fatal. Their venom is…
Read more »Americans: Serfs Ruled by Oligarchs
By: Paul Craig Roberts|18 August, 2009|Categories: Articles & Columns|Tags: Americans . by . Oligarchs . Ruled . Serfs
“In a little time [there will be] no middling sort. We shall have a few, and but a very few Lords, and all the rest beggars.”—R.L. Bushman “Rapidly you are dividing into two classes–extreme rich and extreme poor.”—”Brutus” Americans think that they have “freedom and democracy” and that politicians are held accountable by elections. The fact of the matter…
Read more »Spinning the Economic News
By: Paul Craig Roberts|11 August, 2009|Categories: Articles & Columns|Tags: Economic . News . Spinning . The
Last Friday, a Bloomberg.com headline read: “U.S. Stocks Gain, Treasuries Drop as Unemployment Rate Declines.” Let’s have a look at the reported decline in the rate of unemployment. Do you believe that the U.S. auto industry added 28,000 jobs in July amidst the GM bankruptcy, sell-off and close-down of GM auto divisions, and demise of GM suppliers? No? Well, that’s…
Read more »Growing Up In America Series – Measuring Decline By Prices
By: Paul Craig Roberts|07 August, 2009|Categories: Growing Up In America Series|Tags: America . budget deficit . Clint Eastwood . Gene Autry . trade surpluses . Treasury . U.S.
In 1939, the year I was born, gasoline was ten cents per gallon. A new car cost $700. A new house cost $3,850, and the average rent was $28 per month. Harvard tuition was $420 annually. A loaf of bread from the bakery was eight cents. Hamburger was 14¢ per pound, eggs were 19¢ per dozen, coffee was 40¢ per…
Read more »The Expiring Economy
By: Paul Craig Roberts|05 August, 2009|Categories: Articles & Columns|Tags: Economy: . Expiring . The
Tent cities springing up all over America are filling with the homeless unemployed from the worst economy since the 1930s. While Americans live in tents, the Obama government has embarked on a $1 billion crash program to build a mega-embassy in Islamabad, Pakistan, to rival the one the Bush government built in Baghdad, Iraq. Hard times have now afflicted Americans…
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