WORLD-TYRANT WORLD 08 12 14 2

WORLD-TYRANT WORLD 08 12 14 2 

The De-industrialization of America 

Copyright By Paul Craig Roberts

August 11, 2014

http://www.paulcraigroberts.org/2014/08/11/de-industrialization-america/print/

On January 6, 2004, Paul Craig Roberts and US Senator Charles Schumer published a jointly written article on the op-ed page of the New York Times titled “Second Thoughts on Free Trade.” 

The article pointed out that the US had entered a new economic era in which American workers face “direct global competition at almost every job level–from the machinist to the software engineer to the Wall Street analyst.  Any worker whose job does not require daily face-to-face interaction is now in jeopardy of being replaced by a lower-paid equally skilled worker thousands of miles away. American jobs are being lost not to competition from foreign companies, but to multinational corporations that are cutting costs by shifting operations to low-wage countries.” 

Roberts and Schumer challenged the correctness of economists’ views that jobs off-shoring was merely the operation of mutually beneficial free trade, about which no concerns were warranted. 

The challenge to what was regarded as “free trade globalism” from the unusual combination of a Reagan Assistant Treasury Secretary and a liberal Democrat New York Senator caused a sensation.  The liberal think-tank in Washington, the Brookings Institution, organized a Washington conference for Roberts and Schumer to explain, or perhaps it was to defend, their heretical position.  The conference was televised live by C-Span, which rebroadcast the conference on a number of occasions. 

Roberts and Schumer dominated the conference, and when it dawned on the audience of Washington policymakers and economists that something might actually be wrong with the off-shoring policy, in response to a question about the consequences for the US of jobs off-shoring, Roberts said: “In 20 years the US will be a Third World country.” 

It looks like Roberts was optimistic that the US economy would last another 20 years.  It has only been 10 years and the US already looks more and more like a Third World country.  America’s great cities, such as Detroit, Cleveland, St. Louis have lost between one-fifth and one-quarter of their populations.  Real median family income has been declining for years, an indication that the ladders of upward mobility that made America the “opportunity society” have been dismantled.  Last April, the National Employment Law Project reported that real median household income fell 10% between 2007 and 2012. 

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Aug 12, 8:27 AM EDT 

http://hosted.ap.org/dynamic/stories/U/US_POLICE_SHOOTING_MISSOURI?SITE=AP&SECTION=HOME&TEMPLATE=DEFAULT&CTIME=2014-08-12-08-27-36

POLICE, PROTESTERS AGAIN CLASH OUTSIDE ST. LOUIS [Excerpts] 

The FBI has opened an investigation into Brown's death, looking into possible civil rights violations.  Witnesses have said that [Michael] Brown had his hands raised when the unidentified officer approached with his weapon drawn and fired repeatedly. 

Beginning of conversation with President of Egypt Abdel Fattah al-Sisi 

12 August 2014, 16:00, Sochi 

http://eng.news.kremlin.ru/transcripts/22809/print

Beginning of conversation with President of Egypt Abdel Fattah al-Sisi 

PRESIDENT OF RUSSIA VLADIMIR PUTIN: Mr President, friends, 

Allow me to once again warmly welcome you in Russia, this time in an official setting.  I would like to thank you for accepting our invitation and coming to visit.  Thank you. 

I am especially pleased to note that your visit to this country is practically your first trip outside the Arab world after your election to the post of President.  This, obviously, stresses the special nature of our relations, which date back decades.  We value these relations very highly and are happy to see you here, Mr President. 

PRESIDENT OF EGYPT ABDEL FATTAH AL-SISI (retranslated): I am very grateful to you, Mr President.  Let me thank you for being the first to congratulate me on my election to the post of President of Egypt. 

You, Mr President, are also the first one outside the Arab world to invite me to visit.  I was happy to accept your invitation.  This is my first foreign trip after my visit to Saudi Arabia. 

I would like to stress that the entire Egyptian people is following my visit to the Russian Federation and is expecting a lot from cooperation between our countries. 

Therefore, I believe we will meet the expectations of the Egyptian people.