Consortium News
Hard Truths and the ‘Indispensable Nation’
Ken Orphan
Just How Corrupt is the American Soul?
Lawrence Davidson
An economics, investment, trading and policy blog with a focus on Modern Monetary Theory (MMT). We seek the truth, avoid the mainstream and are virulently anti-neoliberalism.
Krugman believes that Trump is threatening to destroy America’s great “empire” and that this is bad, because our country’s “empire” is good and noble. Trump, Krugman suggests, is an aberrant departure from the lofty values and ideals that have guided our foreign policy for most of the past century.Unfortunately, Robinson doesn't cite the warning of the founding fathers about avoiding entangling alliances, and that failure to do so would insert the fledging US into the same politics as Europe, with the ensuing wars. Not only was there a long history of the dynamic in Europe at the time, but WWI would demonstrate this again, resulting in the remaking of the map of Europe and initiating a new historical period that would see WWII and many related conflict thereafter.
It is our true policy to steer clear of permanent alliance with any portion of the foreign world — George Washington, Farewell Address (1796)
Peace, commerce, and honest friendship with all nations-entangling alliances with none. — Thomas Jefferson, First Inaugural Address (1801)The US did not sign any permanent treaties of alliance prior to WWII, after which the United Nations, the UNSC, the IMF, the World Bank, etc. were established as permanent international organizations, and NATO was established as a permanent military alliance that is still expanding. The US now has a global military presence with attendant commitments.
* The powers of financial capitalism had (a) far-reaching aim, nothing less than to create a world system of financial control in private hands able to dominate the political system of each country and the economy of the world as a whole. This system was to be controlled in a feudalist fashion by the central banks of the world acting in concert, by secret agreements arrived at in frequent meetings and conferences. The apex of the systems was to be the Bank for International Settlements in Basel, Switzerland, a private bank owned and controlled by the world's central banks which were themselves private corporations. Each central bank... sought to dominate its government by its ability to control Treasury loans, to manipulate foreign exchanges, to influence the level of economic activity in the country, and to influence cooperative politicians by subsequent economic rewards in the business world."
By implicitly criticizing U.S. interventionism, President Trump’s inaugural speech drew denunciations from the Washington establishment as a dangerous deviation, but his message actually fit with U.S. traditions, says Ivan Eland.Which are the "real" American values? Had the US lost the plot under the neocons and liberal interventionists?