Preface to the European Edition
by Johannes Maruschzik 11
Regulation vs Deregulation 13
The Error of Free Trade 14
From Crony Capitalism to Plutocracy 16
How Much Longer Reserve Currency? 18
Quo Vadis Europe? 20
The End of the European National States 24
Critique of the Growth Model 28
Introduction 31
Part 1 Problems in economic Theory 35
Microeconomics 36
Macroeconomics 37
Free Trade Error 47
Offshoring Exports Jobs Instead of Products 51
The Problem of External Costs 57
Nature's Capital 65
Planning for a Full World 71
Failures of Economic Theory Are Pervasive 75
The Failure of Laissez Faire Capitalism 78
Part 2 The New Dispossession 83
Political Dispossession 84
Economic Dispossession 94
Social Dispossession 97
Offshoring Displaced First World Americans 99
The Evidence from the Bureau of Labor Statistics 105
The Myth of Benevolent Globalism 117
Dissenters from the Myth of Benevolent Globalism 127
The Decimated American Economy 131
Unemployment 132
Inflation 133
Gross Domestic Product 133
US Wealth and Income Distribution 134
Lies That Killed The American Dream: The Science and Technology Skills Shortage Myth 135
Where Did the Money Go? 144
Fraud by Banksters 146
The Conflict of Interest That Masquerades as Government 150
Death by Globalism 154
Part 3 The End of Sovereignty 159
The Undeclared Agenda 165
Can Germany Remain a Sovereign Country? 171
Conclusion 173
Appendix 175
Endnotes 180
Index 184
Bio: Paul Craig Roberts 192