Annual Fundraising Appeal

Here’s an important message to CounterPunch readers from Chris Hedges….

Hedges2

Chris Hedges calls CounterPunch “the most fearless, intellectually rigorous and important publication in the United States.” Who are we to argue? But the only way we can continue to “dissect the evils of empire” and the “psychosis of permanent war” is with your financial support. Please donate.

Day5

Yes, these are dire political times. Many who optimistically hoped for real change have spent nearly five years under the cold downpour of political reality. Here at CounterPunch we’ve always aimed to tell it like it is, without illusions or despair. That’s why so many of you have found a refuge at CounterPunch and made us your homepage. You tell us that you love CounterPunch because the quality of the writing you find here in the original articles we offer every day and because we never flinch under fire. We appreciate the support and are prepared for the fierce battles to come.

Unlike other outfits, we don’t hit you up for money every month … or even every quarter. We ask only once a year. But when we ask, we mean it.

CounterPunch’s website is supported almost entirely by subscribers to the print edition of our magazine. We aren’t on the receiving end of six-figure grants from big foundations. George Soros doesn’t have us on retainer. We don’t sell tickets on cruise liners. We don’t clog our site with deceptive corporate ads.

The continued existence of CounterPunch depends solely on the support and dedication of our readers. We know there are a lot of you. We get thousands of emails from you every day. Our website receives millions of hits and nearly 100,000 readers each day. And we don’t charge you a dime.

Please, use our brand new secure shopping cart to make a tax-deductible donation to CounterPunch today or purchase a subscription our monthly magazine and a gift sub for someone or one of our explosive  books, including the ground-breaking Killing Trayvons. Show a little affection for subversion: consider an automated monthly donation. (We accept checks, credit cards, PayPal and cold-hard cash….)

paypal-donate-21

To contribute by phone you can call Becky or Deva toll free at: 1-800-840-3683

Thank you for your support,

Jeffrey, Joshua, Becky, Deva, and Nathaniel

CounterPunch
 PO Box 228, Petrolia, CA 95558

Wars, Debt and Outsourcing

The World is Uniting Against the Bush Imperium

by PAUL CRAIG ROBERTS

Is the United States a superpower? I think not. Consider these facts:

The financial position of the US has declined dramatically. The US is heavily indebted, both government and consumers. The US trade deficit both in absolute size and as a percentage of GDP is unprecedented, reaching more than $800 billion in 2005 and accumulating to $4.5 trillion since 1990. With US job growth falling behind population growth and with no growth in consumer real incomes, the US economy is driven by expanding consumer debt. Saving rates are low or negative.

The federal budget is deep in the red, adding to America’s dependency on debt. The US cannot even go to war unless foreigners are willing to finance it.

Our biggest bankers are China and Japan, both of whom could cause the US serious financial problems if they wished. A country whose financial affairs are in the hands of foreigners is not a superpower.

The US is heavily dependent on imports for manufactured goods, including advanced technology products. In 2005 US dependency (in dollar amounts) on imported manufactured goods was twice as large as US dependency on imported oil. In the 21st century the US has experienced a rapid increase in dependency on imports of advanced technology products. A country dependent on foreigners for manufactures and advanced technology products is not a superpower.

Because of jobs offshoring and illegal immigration, US consumers create jobs for foreigners, not for Americans. Bureau of Labor Statistics jobs reports document the loss of manufacturing jobs and the inability of the US economy to create jobs in categories other than domestic "hands on" services. According to a March 2006 report from the Center for Immigration Studies, most of these jobs are going to immigrants: "Between March 2000 and March 2005 only 9 percent of the net increase in jobs for adults (18 to 64) went to natives. This is striking because natives accounted for 61 percent of the net increase in the overall size of the 18 to 64 year old population."

A country that cannot create jobs for its native born population is not a superpower.

In an interview in the April 17 Manufacturing & Technology News, former TCI and Global Crossing CEO Leo Hindery said that the incentives of globalization have disconnected US corporations from US interests. "No economy," Hindery said, "can survive the offshoring of both manufacturing and services concurrently. In fact, no society can even take excessive offshoring of manufacturing alone." According to Hindery, offshoring serves the short-term interests of shareholders and executive pay at the long-term expense of US economic strength.

Hindery notes that in 1981 the Business Roundtable defined its constituency as employees, shareholders, community, customers, and the nation." Today the constituency is quarterly earnings. A country whose business class has no sense of the nation is not a superpower.

By launching a war of aggression on the basis of lies and fabricated "intelligence," the Bush regime violated the Nuremberg standard established by the US and international law. Extensive civilian casualties and infrastructure destruction in Iraq, along with the torture of detainees in concentration camps and an ever-changing excuse for the war have destroyed the soft power and moral leadership that provided the diplomatic foundation for America’s superpower status. A country that is no longer respected or trusted and which promises yet more war isolates itself from cooperation from the rest of the world. An isolated country is not a superpower.

A country that fears small, distant countries to such an extent that it utilizes military in place of diplomatic means is not a superpower. The entire world knows that the US is not a superpower when its entire available military force is tied down by a small lightly armed insurgency drawn from a Sunni population of a mere 5 million people.

Neoconservatives think the US is a superpower because of its military weapons and nuclear missiles. However, as the Iraqi resistance has demonstrated, America’s superior military firepower is not enough to prevail in fourth generation warfare. The Bush regime has reached this conclusion itself, which is why it increasing speaks of attacking Iran with nuclear weapons.

The US is the only country to have used nuclear weapons against an opponent. If six decades after nuking Japan the US again resorts to the use of nuclear weapons, it will establish itself as a pariah, war criminal state under the control of insane people. Any sympathy that might still exist for the US would immediately disappear, and the world would unite against America.

A country against which the world is united is not a superpower.

PAUL CRAIG ROBERTS was Assistant Secretary of the Treasury in the Reagan administration. He was Associate Editor of the Wall Street Journal editorial page and Contributing Editor of National Review. He is coauthor of The Tyranny of Good Intentions.He can be reached at: paulcraigroberts@yahoo.com