I seldom disagree with my good friend ONL, but from my vantage point, and from my personal experience, Paul Craig Roberts has a different viewpoint; one with which I happen to agree.
China's GDP fell to 8.1% last month, and all the economists are suddenly falling all over themselves about an american resurgence.
Led by the fearless, feckless obama, we're going to maintain our status as the world's number one economy. With ben bernanke at the helm presiding over QE1, QE2, QEinfinity, and erstwhile advisers like ex-GE and Goldman Sachs execs (precisely the guys who created the mess to begin with) to oversee economic policy, how can we be beaten?
Unplugging Americans From The Matrix
by PAUL CRAIG ROBERTS
"Americans, the British, and Western Europeans are accustomed to thinking of themselves as the representatives of freedom, democracy, and morality in the world. The West passes judgment on the rest of the world as if the West is God and the rest of the world are barbarians in need of chastisement, invasion, and occupation. As readers know, from time to time I raise questions about the validity of the West’s extreme hubris.
China is often a country about which Washington’s moralists get on their high horse.
However, China’s “authoritarian” government is actually more responsive to its people than America’s “elected democratic” government. Moreover, however incomplete on paper the civil liberties of China’s people, the Chinese government has not declared that it can violate with impunity whatever rights Chinese citizens have. And it is not China that is running torture prisons all over the globe."
"Moreover, it is America’s, not China’s, extractive elites who are bombing, occupying, and droning other countries. As the bumper sticker says, “Be nice to America or we will bring democracy to your country.”
As for economic management, there is no comparison. Unz reports that during the past three decades China has achieved the most rapid rate of economic development in human history. Moreover, most of the new income has flowed into the pockets of Chinese workers, not to the one percent. While American real median incomes have been stagnant for decades, incomes for Chinese workers have doubled every decade for three decades. A recent World Bank report attributes more than 100 percent of the drop in global poverty rates to China’s rise. "
"In 1978 the American economy was 15 times larger than China’s. In the next few years China’s GDP is expected to exceed that of the US.
This is heady stuff providing astonishing details of how poorly Americans are served by their elites.
America has failed, because political elites represent only the powerful special interests that write the country’s laws in exchange for funding the political campaigns of “lawmakers.” To divert attention from their failures, American elites point fingers at external scapegoats. China, for example, is accused of manipulating its currency. As Unz says, the scapegoating is political theater designed for the ignorant and gullible.
America’s economists, or most of them, have so prostituted themselves that propaganda has become wisdom. Most Americans believe that if China would simply let the value of its currency rise more rapidly relative to the dollar, America’s economic woes would be at an end. It is beyond belief that any economist could think that Americans with stagnant and declining incomes would be made better off by a sharp rise in the prices of goods manufactured in China on which Americans are dependent, or that the US dollar’s role as reserve currency, the main source of American power, could survive such a manifestation of Chinese economic superiority."
"Americans associate lawlessness with unaccountable governments and view China’s government as unaccountable. However, Unz points out that it is the Bush/Obama Regime that has declared itself to be unaccountable to both US and international law.
The demise of the War Powers Act and the Geneva Conventions, and the asserted power of the executive to imprison without trial or charges or to assassinate any American whom the executive thinks might be a “national-security threat” are indicative of a total police state masquerading as an accountable democracy. In America six-year old little girls who misbehave in school are handcuffed, jailed, and chargedwith felonies. Not even Hitler and Stalin went this far."
Nobody ever said it better than the late, great, George carlin, may He r.i.p.:
"Forget the politicians. They are irrelevant. The politicians are put there to give you the idea that you have freedom of choice. You don't. You have no choice! You have OWNERS! They OWN YOU. They own everything. They own all the important land. They own and control the corporations. They’ve long since bought, and paid for the Senate, the Congress, the state houses, the city halls, they got the judges in their back pockets and they own all the big media companies, so they control just about all of the news and information you get to hear. They got you by the balls.
They spend billions of dollars every year lobbying, lobbying, to get what they want. Well, we know what they want. They want more for themselves and less for everybody else, but I'll tell you what they don’t want:
They don’t want a population of citizens capable of critical thinking. They don’t want well informed, well educated people capable of critical thinking. They’re not interested in that. That doesn’t help them. Thats against their interests.
Thats right. They don’t want people who are smart enough to sit around a kitchen table and think about how badly they’re getting fucked by a system that threw them overboard 30 fucking years ago. They don’t want that!
You know what they want? They want obedient workers. Obedient workers, people who are just smart enough to run the machines and do the paperwork. And just dumb enough to passively accept all these increasingly shitty jobs with the lower pay, the longer hours, the reduced benefits, the end of overtime and vanishing pension that disappears the minute you go to collect it, and now they’re coming for your Social Security money. They want your retirement money. They want it back so they can give it to their criminal friends on Wall Street, and you know something? They’ll get it. They’ll get it all from you sooner or later cause they own this fucking place! Its a big club, and you ain’t in it! You, and I, are not in the big club."
They don’t care about you at all… at all… AT ALL. And nobody seems to notice. Nobody seems to care. Thats what the owners count on. The fact that Americans will probably remain willfully ignorant of the big red, white and blue dick thats being jammed up their assholes everyday, because the owners of this country know the truth.
Its called the American Dream,because you have to be asleep to believe it."