[Pen-l] Reagan conservative's anti-imperialist plan

[Charlie <charles1848@xxxxxxxxxxxxx>]

What Uncle Sam Has to Tell His Creditors

By Paul Craig Roberts
...
Our [international] creditors would like to preserve as much as possible the values of their trillions in US dollar assets. This is easier done  if the dollar remains the reserve currency. Therefore, the US government  has an opportunity to go to its creditors with a plan. This is what the  plan must be: A declaration that repudiates the neoconservative goal to  achieve US hegemony over the world; a budget that reduces annual US  borrowing needs by several hundreds of billions by ending the Afghan and  Iraq wars, by closing overseas military bases, and by cutting military  spending; a new corporate tax system that brings back American jobs,  manufacturing capability, and export potential by taxing US  corporations’ worldwide profits according to the value-added in the US.
...
Complete article at http://www.counterpunch.org/roberts11202008.html
___

Roberts is a Reagan conservative. Pretty good start on revamping the international financial order. What do pwogwessives have to add?

Charles Andrews




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