American - Economist | April 3, 1939 -
The Western media is a Ministry of Truth that operates full-time in support of the artificial existence that Westerners live inside The Matrix where Westerners exist without thought. Considering their inaptitude and inaction, Western peoples might as well not exist.
Paul Craig Roberts
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Marxism is a success because it fuses the two inconsistent strains in Western thought - moral skepticism and moral indignation - and makes them complements in the attack against existing society.
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I have argued that the Soviet story is one of the interaction of speculative excess or utopian aspirations with refractory reality.
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Paul Krugman, a professor at MIT and a consultant to the IMF, the World Bank, the United Nations, and the Trilateral Commission, is certainly a member of the establishment.
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The human capital of most macroeconomists, heavily invested in demand management, was wiped out by the policy failures of the 1970s.
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Under Reagan's policies, inflation and nominal GNP growth shriveled much faster than predicted, throwing off government revenue estimates and resulting in budget deficits.
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The U.S. is ruled by private interest groups and by the neoconservative ideology that history has chosen the U.S. as the 'exceptional and indispensable' country with the right and responsibility to impose its will on the world.
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The neoconservative ideology supports American financial and military-political imperialism or hegemony.
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There is no independent American print or TV media.
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Both political parties, Republicans and Democrats, are dependent on the same private interest groups for campaign funds, so both parties dance to the same masters.
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As the U.S. is import-dependent, this will translate into higher domestic prices.
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As the dollar's exchange value declines, so will the value of dollar-denominated financial instruments, regardless of how many bonds the Federal Reserve purchases.
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