[lbo-talk] The War Party Versus Global Capitalism, by Jim Lobe

[Michael Pugliese]

<URL: http://www.antiwar.com/ips/lobe123003.html >
> ...If anti-globalization radicals really want to tear down the world 
> capitalist system they might want to go door-to-door next year on behalf 
> of incumbent U.S. president, George W. Bush...
> ..."American imperialism is, by definition, a retreat away from global 
> capitalism, a retreat from the invisible hand of markets in favor of a 
> more dominant role for the visible fist of governments," argued Paul 
> McCulley, a managing director of PIMCO, the world's largest bond 
> investment fund...
> ..."Uncertainty is anathema to investment and growth," wrote Business 
> Week editorial page editor Bruce Nussbaum as US troops crossed into Iraq 
> from Kuwait, noting that the war's possible consequences, as well as the 
> flaunting of international law, posed serious threats to global 
> confidence.

"Chief executives are beginning to worry that globalization may not be 
compatible with a foreign policy of unilateral preemption," he went on.

"US corporations may soon find it more difficult to function in a 
multilateral economic arena when their overseas business partners and 
governments perceive America to be acting outside the bounds of 
international law and institutions."

 -- Michael Pugliese
American imperialism  has been made plausible and attractive in part by the 
insistence that it is not imperialistic.
Harold Innis, 1948
http://www.monthlyreview.org/sr2004.htm