The Failure of Laissez Faire Capitalism and Economic Dissolution of the West

Economist Paul Craig Roberts says massive deregulation caused all the ongoing financial problems we face. Roberts makes his case in a book titled “The Failure of Laissez Faire Capitalism and Economic Dissolution of the West.” Dr. Roberts contends, “What you are looking at is a deregulated financial system, and the result was fraud, crisis and collapse. . . . The end result of financial deregulation is crony capitalism.” Look no further than the continuing bank bailouts with massive money printing and zero percent interest rates as the reason for the coming catastrophe of spiking interest rates. Roberts asks, “How can the dollar be anything but a bubble because the Fed is creating a trillion new dollars every year, but the demand for dollars is not growing by a trillion dollars a year.” Join Greg Hunter as he goes One-on-One with former Assistant Treasury Secretary Paul Craig Roberts.

USAWatchDog.com

2 comments to The Failure of Laissez Faire Capitalism and Economic Dissolution of the West

  • Henry Hollenberg

    Deregulate Money and the rest will take care of itself.

    If prudent investors are allowed to choose the safe haven of precious metals then the markets will self regulate.

    Legal Tender laws act as an insurmountable barrier to self regulation of the markets.

    Without the option to use real money there is no capitalism.

    You can start and end there with regulation/de-regulation.

  • Urban Bear

    This shabby statist (crypto-Feudalist) is only trying to profit off misery with his statist book, shame on him!

    This statist is only partly correct in the context of continuing state interference in a state regulated, thus grossly distorted ‘private’ economy. You can’t have a genuinely private, let alone Laissez Faire economy, while the state regulates and protects corporations; you just end up with the current corrupt, zombie, crony-capitalist farce!

    WTF do the statists expect when they protect corporations, then let these corporations do evil without real consequence, because of this protection; duh!

    Just drop limited liability, the obscene fake personhood rights, and all the other regulations which protects corporations from legal and competition consequence, especially do away with all the protection for so called Intellectual Property; then see what happens.

    Read Rothbard, he spells it out in plenty of detail in “For a New Liberty”, any constitution which expects a state to not subvert it is fundamentally flawed. Read the novels Daemon and Freedom, to see that there are workable alternatives to Facism, Statism, Corporatism, and their ancestor, Feudalism!

    Just end this experiment with state government and central banks already, and allow real Laissez Faire Capitalism with genuine private property rights to happen; yes cooperative Anarcho-Capitalism! Ireland did it fine until they got worn down by English invasion.

    BTW: Socialist Anarchy is self-contradictory, because Socialism ironically has it’s roots in Corporatism.

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