The U.S. is a failed state - Paul Craig Roberts

Economist Paul Craig Roberts argues that the state of the U.S. economy and the way the government treats its people demonstrate that the U.S. has entered the ranks of failed states.

Paul explains some of the "failed state" characteristics that the U.S. has shown include:

- inability to finance its own government, its budget is dependent on foreign financing and money creation

- extraordinary inequality in income distribution A recent report says that the US has the worst income inequality in the entire world.

- the crooks (such as Goldman Sachs who control the Treasury and economic policy) are INSIDE the government, operating against the people and skewed in favor of the super-rich. Their priorities are to make sure that the banks succeed while the economy fails.


RussiaToday
October 26, 2009