Costantino Ceoldo interviews Paul Craig Roberts
I recently had the chance to interview Paul Craig Roberts. I remember briefly, for the uninitiated, that Dr. Roberts was a senior official of the US government, economic advisor to the President during the first term of Ronald Reagan. It is to him the creation of Reaganomics, the economic policy initiated by Reagan to revive the US economy, then stagnant. Dr. Roberts was also a member of a secret committee of control over the CIA, set up to verify the information provided by US intelligence on the continuation of the Cold War with the Soviet Union. He has still now a profound understanding of the mechanisms of power in Washington and he’s distinguished for his political analysis, often discordant compared with that of the official mainstream.
Costantino Ceoldo – In one of your recent articles you said that there is an “establishment” within both the Republican Party and also the Democrats, voted to preserve the power and hostility to any independent and authoritative presidential figure. How is it that we have come now to a situation like this and it seems to have originated many decades ago?
Dr. Paul Craig Roberts – Government’s ability to tax, borrow, and print money gives government command over private resources. The beneficiaries of these resources can be, in certain circumstances the people. More often, the beneficiaries are the profits of private interests who are allied with government. As time passes these interests harden and become an Establishment. In the US the Establishment consists of the private interest groups–such as the financial sector, the military/security complex, the Israel Lobby, the extractive industries, and agribusiness–that write the laws that government enacts. The political party in-groups serve these interests in exchange for the large political campaign donations that elect the government. The two political parties in the US compete to be the whore of the private interest groups, because the majority party can do more favors and thus receive more benefits. When political outsiders, such as Jimmy Carter and Ronald Reagan, who can be tolerated as long as they are limited to governorships in States, seize the presidential nomination from the Establishment candidates and get elected, they jeopardize the establishment’s control. For example, when the Democratic Establishment realized that Franklin D. Roosevelt would not survive his 4th term, they forced out his popular vice president, Henry Wallace, and installed the non-entity and easily controlled Harry Truman. They were able to use Truman to create the very profitable Cold War, which kept the military/security complex in the money for years.