home / subscribe / donate / about us / books / archives / search / links / feedback / events
![]() |
|
Will the US Labor Movement Rise Again in Chicago? Or is this just a power play at the top? JoAnn Wypijewski details what's really at stake in the great showdown as some of labor's most powerful bosses threaten to quit the AFL-CIO. No-holds-barred profiles of the SIEU's Andy Stern, Hoffa of the Teamsters and the other "insurgents". Jeffrey St Clair tells the incredible saga of the $30 billion bailout of Boeing. How the scandal reached the White House and Don Rumsfeld screamed, Let the woman take the fall. Plus Alexander Cockburn on the Judy Miller story. Get the answers you're looking for in the latest subscriber-only edition of CounterPunch ... CounterPunch Online is read by millions of viewers each month! But remember, we are funded solely by the subscribers to the print edition of CounterPunch. Please support this website by buying a subscription to our newsletter, which contains fresh material you won't find anywhere else, or by making a donation for the online edition. Remember contributions are tax-deductible. Click here to make a donation. If you find our site useful please: Subscribe Now! or write CounterPunch, PO BOX 228, Petrolia, CA 95558 |
|
Other Lands Have Dreams: From Baghdad to Pekin Prison by Kathy Kelly ![]() Today's Stories July 12, 2005 Laith
al-Saud Kara
N. Tina William
A. Cook Jack
Bratich Amina
Mire Dick
J. Reavis Kevin
Zeese Paul
Craig Roberts Website
of the Day July 9 / 11, 2005 Alexander
Cockburn Uri
Avnery Sheldon
Rampton Bill
Christison Robert
Fisk Stephen
Winspear Saul
Landau Behrooz
Ghamari Karl
Beitel Brian
Concannon, Jr. Fred
Gardner John
Whitlow Niranjan
Ramakrishnan Lila
Rajiva Laura
Carlsen Jackie
Corr Dave
Lindorff N.
D. Jayaprakash Seth
Sandronsky Norman
Madarasz Ben
Tripp Poets'
Basement Website
of the Weekend
July 8, 2005 Paul
Craig Roberts Tariq
Ali Monica
Benderman Rick
Jahnkow Christopher
Brauchli Kim
Peterson Joshua
Frank Norman
Solomon Website
of the Day July 7, 2005 Cockburn
/ St. Clair John
Walsh Mike
Marqusee Gilad
Atzmon Nicole
Colson Jack
Random Norman
Solomon Len
Colodny Cockburn
/ St. Clair
July 6, 2005 Elaine
Cassel Sean
Donahue Jeremy
R. Hammond Joshua
Frank Ali
Khan Michael
Dickinson Norman
Solomon Dave
Zirin Gary
Leupp Website
of the Day
July 5, 2005 Behrooz
Ghamari Elaine
Cassel Ron
Jacobs Bob
Libal Dr.
Peter Rost Mark
Engler Gideon
Levy Dave
Zirin Sameer
Dossani
July 2 / 4, 2005 Alexander
Cockburn Lenni
Brenner Laura
Carlsen James
Petras William
A. Cook Brian
Cloughley Saul
Landau Tom
Crumpacker Greg
Moses Dr.
Susan Block Fran
Shor Fred
Gardner Moshe
Adler David
Model Seth
Sandronsky Ramzy
Baroud Suzan
Mazur Ben
Tripp Justin
Taylor Brendan
Bailey Poets'
Basement Website
of the Weekend
July 1, 2005 Christopher
Brauchli Pat
Williams Gary
Leupp John
Stauber John
Chuckman Justicia
y Paz Cockburn
/ St. Clair
June 30, 2005 Kathy
Kelly John
Stauber Virginia
Rodino Jason
Leopold Dave
Lindorff Greg
Moses Norman
Solomon Joshua
Frank Alexander
Cockburn
June 29, 2005 Mike
Schaefer Roger
Burbach / Paul Cantor Sharon
Smith Sam
Husseini John
Stauber Ahmad
Faruqui Linda
S. Heard Stew
Albert Ray
McGovern
June 28, 2005 Paul
Craig Roberts Landau
/ Hassen John
A. Murphy Mike
Whitney CounterPunch
News Service Dave
Zirin Dave
Lindorff Patrick
Cockburn
June 27, 2005 Paul
Craig Roberts Mike
Marqusee Mark
Scaramella Leigh
Saavedra Kathy
Kelly June 25 / 26, 2005 Alexander
Cockburn Jennifer
Van Bergen George
Corsetti Mark
Chmiel / Andrew Wimmer Kevin
Zeese P.
Sainath John
Stauber Scott
Handleman Tom
Barry John
Walsh Justin
E.H. Smith Alan
Wallis Ben
Tripp Frederick
B. Hudson Poets'
Basement
June 24, 2005 Ray
McGovern Jorge
Mariscal Desiree
Hellegers Zeynep
Toufe Joshua
Frank David
Lindorff Michael
Neumann Website
of the Day June 23, 2005 Christopher
Brauchli Clay
Conrad Standard
Schaefer P.
Sainath Mark
Engler Norman
Solomon Cockburn
/ St. Clair Kathy
Kelly
June 22, 2005 Kevin
Zeese William
S. Lind Arsalan
Iftikhar Dan
Nagengast David
Krieger Kathleen
& Bill Christison
June 21, 2005 Brian Cloughley Mike Whitney Dave Lindorff Mark Weisbrot Matthew R.
Simmons Dave Zirin Virginia Rodino Paul Craig
Roberts
June 20, 2005 Alan Maass Tariq Ali Mickey Z. William Blum Gary Leupp Jason Leopold Dave Lindorff Alan Maass Uri Avnery Website of
the Day
Hot Stories Alexander Cockburn Subcomandante
Marcos Norman Finkelstein Steve Niva Dardagan,
Slobodo and Williams Steve
J.B. Sheldon
Rampton and John Stauber Wendell
Berry CounterPunch
Wire Cindy
Corrie Gore Vidal Francis Boyle
Subscribe Online
|
July 12, 2005 The Jobs Problem is Worse Than the War ProblemThe No-Think NationBy PAUL CRAIG ROBERTS Thought is not an American forte. Consider the speed with which our government got us trapped in two quagmires, Iraq and Afghanistan. The CIA says that Bush's invasion of Iraq has created ideal conditions for training insurgents and terrorists. The longer we are there, the worse it gets. Our military is being worn down by a gratuitous war of no benefit to anyone except Osama bin Laden. Bush's war has provided substance for bin Laden's propaganda and radicalized the Middle East. Bush's war is being financed by debt, and the result is to give our foreign bankers more control over our interest rates and our currency's value, should they choose to use the power we have placed in their hands. Not only has our government demonstrated an inability to think before rushing to war, it cannot think about the economy either. Each month in the 21st century the government's own statistics tell the tale of the US winding down as a superpower and devolving into a third world country. Not a single net new high tech or manufacturing job has been created for native-born Americans in the 21st century. Month after month this devastating
information is released and ignored. A country that outsources its manufacturing and its R&D abroad doesn't have jobs for its own engineers and scientists. Corporations have moved many information technology, high-tech manufacturing, engineering, and research and development jobs away from America to lower cost countries principally in Asia. The result is declining opportunities and salaries for American graduates in science and engineering, which discourages students from these curriculums. As my free market friends are found of saying, "the market works." It certainly does. The market is working to close down the great American middle class and to dismantle the ladders of upward mobility. The US economy in the 21st century has been able to create new jobs only in nontradable domestic services. A labor market orientated toward domestic services is the hallmark of a third world economy. The jobs problem is more serious than the war problem and receives even less attention. Economists misperceive the offshore outsourcing of jobs as the beneficial workings of free trade, a subject they have given scant thought for 200 years, being, as they are, content with Ricardo's demonstration that comparative advantage ensures mutual gains from trade. America's no-think economists have yet to fathom that the offshore outsourcing of jobs reflects the workings of absolute advantage, not comparative advantage. When American capital, technology and business know-how employ foreigners in place of Americans, foreigners benefit and Americans lose. In the short-run the corporations benefit. The lower labor costs raise profits and executive bonuses. But the long-run effect is to destroy the US consumer market for the goods and services that the corporations supply from abroad. American profits and American employment no longer move in tandem. A recent report in the New York Times by John Markoff and Matt Richtel says profits have rebounded in Silicon Valley but not employment. They use the example of Wyse Technology, a maker of computer terminals. At the beginning of this year, 90 percent of Wyse's work force was in Silicon Valley. At the present time the figure is 48 percent, with only 15 percent of its engineers remaining in Silicon Valley. The reason? Wyse has created technology development teams in India and China, adding 100 employees in India and 35 in China so far this year. America has a new development model, one unprecedented in history. The growth and prosperity of American corporations is now keyed directly to the employment of foreign workers in place of Americans. It is impossible for a country to prosper when its capital, technology, and business knowledge are used to enhance the productivity of foreign workers in place of its own. American incomes are stagnating and falling. By abandoning American employees, corporations are eroding the great American consumer market and America's position in the first world. Paul Craig Roberts has held a number of academic appointments
and has contributed to numerous scholarly publications. He served
as Assistant Secretary of the Treasury in the Reagan administration.
His graduate economics education was at the University of Virginia,
the University of California at Berkeley, and Oxford University.
He is coauthor of The
Tyranny of Good Intentions. He can be reached at: paulcraigroberts@yahoo.com
|