Speculative Fiction

More Alex Jones madness – again linked by the Drudge Report, which I find interesting because Jones is such a rabid Bush-hater.

It was 2017. Clans were governing America.

The first clans organized around local police forces. The conservatives’ war on crime during the late 20th century and the Bush/Obama war on terror during the first decade of the 21st century had resulted in the police becoming militarized and unaccountable.

As society broke down, the police became warlords. The state police broke apart, and the officers were subsumed into the local forces of their communities. The newly formed tribes expanded to encompass the relatives and friends of the police.

The dollar had collapsed as world reserve currency in 2012 when the worsening economic depression made it clear to Washington’s creditors that the federal budget deficit was too large to be financed except by the printing of money.

Keeps going…

Also interesting because it’s written by this guy:

Paul Craig Roberts is a former editor and columnist for both the Wall Street Journal and Business Week. He worked as the Assistant Secretary to the Treasury under the Reagan administration, but has since disavowed both the Republicans and Democrats.

Haven’t read the book so I don’t know how much vitriol he directs towards the Reagan Revolution, which deserves a lot. Given his serious credentials, this Kevin Costner movie scenario is even stranger.  The man has credibility.  He’s a conservative, but a level-headed one:

Paul Craig Roberts: In recent years there has been a redistribution of power in the US from government to private. The US now resembles an oligarchy of private interests. The most powerful ones are Wall Street, AIPAC, the military/security complex, the oil industry, agri-business, insurance and pharmaceuticals. These private interests control economic and foreign policy, write the legislation that Congress passes and the President signs, and have achieved the monopolization of the US economy by large-scale commercial organizations. As far as I can tell, traditional conservatives scarcely exist in the US today. They have been eliminated by the neoconservatives, essentially militarists committed to US world hegemony….

In my experience with libertarians, especially during my tenure as Distinguished Scholar at the Cato Institute during the 1990s, I have encountered an ideological inflexibility, dogma if you will, that turns blind eyes to analytical and empirical evidence. Many, most likely most, libertarians regard jobs off-shoring as the beneficial workings of free trade. Those, such as myself, who present the clear facts of the case are demonized as “protectionists,” which means that libertarians do not have to examine the facts and encounter the empirical evidence.

Daily Bell: You mentioned one of your books. Can you update our audience on some of your other writing?

Paul Craig Roberts: I regard all of my books as important. In my latest book, How The Economy Was Lost, I explain why off-shoring is not free trade. I also explain why the two necessary conditions set out by David Ricardo for the principle of comparative advantage, the basis for free trade, no longer exist. I further explain that when a country moves the production of goods and services that it consumes offshore, GDP growth and consumer incomes are moved offshore as well. Jobs off-shoring or “globalism” is a way to convert US labor income into executive bonuses and capital gains to shareholders. This is the explanation for the rising income inequality in the US.

Daily Bell: And also for rising unemployment?

Paul Craig Roberts: Since 2008 the lowest interest rates and largest federal budget deficits in US history have been unable to stop the rise in US unemployment, much less to call the unemployed back to work. There are no jobs to which to call workers back.

Puts the science fictional fear-mongering in context.

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