"We`re an empire now, and when we act, we create our own reality. And while you`re studying that reality—judiciously, as you will—we`ll act again, creating other new realities, which you can study too, and that`s how things will sort out. We`re history`s actors . . . and you, all of you, will be left to just study what we do." Bush White House aide explaining the "New Reality"
The New American Century lasted
a decade. Financial crisis and defeated objectives
The American neoconservatives
are the heirs of Leon Trotsky. Their dream of
"Full Spectrum Dominance"—
The neocons used
September 11, 2001, as a
Perhaps the neoconservative project for world hegemony would have lasted a bit longer had the neocons possessed intellectual competence.
On the war front, the
incompetent neocons predicted that the
On the economic front, the
incompetent neocons overlooked the fact that a
country that relocates its industry and best jobs
abroad in order to maximize short-run profits
becomes progressively economically weaker.
Propagandistic talk about a
"New Economy" built around financial dominance covered up the
fact that the
US military pretensions came to
an end in
The ongoing financial crisis
has put an end to the pretensions of American
financial hegemony and free-market illusions that
deregulation and offshoring had brought prosperity
In a long article, "The End of Arrogance," on September 30, the German news magazine Der Spiegel observed:
"This is no longer the muscular and arrogant
Also on display is the end of arrogance. The Americans are now paying the price for their pride.
Gone are the days when the
A new chapter in economic history has begun, one in which the
Looking at his defeated adversary, George W. Bush, brought down by military and economic failure, Iranian President Ahmadinejad observed: "The American empire in the world is reaching the end of its road, and its next rulers must limit their interference to their own borders."
Truer words were never spoken.
Paul Craig Roberts [email him] was Assistant Secretary of the Treasury during President Reagan`s first term. He was Associate Editor of the Wall Street Journal. He has held numerous academic appointments, including the William E. Simon Chair, Center for Strategic and International Studies, Georgetown University, and Senior Research Fellow, Hoover Institution, Stanford University. He was awarded the Legion of Honor by French President Francois Mitterrand. He is the author of Supply-Side Revolution : An Insider`s Account of Policymaking in Washington; Alienation and the Soviet Economy and Meltdown: Inside the Soviet Economy, and is the co-author with Lawrence M. Stratton of The Tyranny of Good Intentions : How Prosecutors and Bureaucrats Are Trampling the Constitution in the Name of Justice. Click here for Peter Brimelow`s Forbes Magazine interview with Roberts about the recent epidemic of prosecutorial misconduct.