Out of Power

Wednesday, March 07, 2012

David Rothkopf, Commerce deputy under secretary in the Clinton administration and Foreign Policy blogger, asks how much Americans should care about being the world's leading power in his book, Power, Inc.: The Epic Rivalry Between Big Business and Government--and the Reckoning That Lies Ahead.


David Rothkopf

Comments [15]

A most interesting continuation of this discussion:

Mar. 08 2012 03:20 AM

Mar. 08 2012 03:18 AM
amalgam from NYC by day, NJ by night

The type of capitalism (e.g., "capitalism with Confucian characteristics")has LONG been a discussion among those concerned with globalization (sociologists, political scientists, economists).

It's also true that the "mix" of government-free market is the reality that Americans don't like to talk about, as if there is strictly capitalism/socialism/communism at play rather than particular blending based on culture, history and governmental structures.

These are common discussions in academia that should be brought into the mainstream, and NYC has many resources right down the street. There are many New School, Columbia and CUNY profs (among a world of others) that have spent their careers dealing with these issues. Maybe it's time to have a public discussion about the REAL restructuring of our national and global economy instead of simply talking about fiscal issues, debt or labor provisions without planning for dislocation inherent in capitalism.

What kind of economy and society do we want? What has proven to be effective?

Mar. 07 2012 04:45 PM

Maybe next time we have a financial crisis (i.e., the financiers having difficulties paying off their leveraged bets to each other) we will hesitate or refuse to become co-signers for their gambling debts? Of course we may have then have to endure the penury of some of the "one percent" as they are deprived of their expected "bonuses" for the successful management of their self-bankrupted organizations?
Second question: What does the repeal of Glass-Steagal have to do with the damaging depredations of Goldman-Sachs, AIG, or Fannie-Mae and Freddie-Mac?
Why isn't the president (of the United States) fighting for the reinstatement of Glass-Steagal?

Mar. 07 2012 11:49 AM

While it is pleasantly surprising to see a hint of contrition coming from a Washington decision-maker -- but the very title of his book stinks of failure.

The problems have been identified, sir.

Now we need fewer Government Decisions, more Leaders, and more National and Personal Pride. It's not that hard and we have plenty left on the treads -- Democracy being our ace in the hole. Buck up, sir!

Mar. 07 2012 11:29 AM
Sheldon from Brooklyn

The problem is - Many working-class Americans think they love the so -called Reaganesque supply-side free market but they don't want to deal with the consequences - one of which, is fending for themselves.

Mar. 07 2012 11:20 AM
Helen from manhattan

This speaker was great, thanks for bringing him on the show. His input was very interesting and it is refreshing to see someone talking about the balance between ideology and reality in the world.

Mar. 07 2012 11:20 AM
Robert from NYC

YES. We're not the greatest and we shouldn't want to be the greatest and we shouldn't want anybody else to be the greatest. That kind of immaturity leads to where we are now, culturally, socially, financially. Bravo to you sir. Now retrain Americans how to get along with the rest of the world in an adult, mature fashion.

Mar. 07 2012 11:18 AM
John A.

Mr Santorum. DeRegulation. That is your freedom-that-is-destroying-America.

Mar. 07 2012 11:15 AM

It's very refreshing to hear a former insider admitting his mistakes and advocating for real fixes to the problems he helped create. We need more people like this - we have to admit that reality trumps ideology and do what needs to be done to help real people in the real world.

Mar. 07 2012 11:15 AM
Molly from nyc

No kidding guy. But what can one do when corporations now dictate much of the policy in DC? It's one thing to point something out.. another to change the system.

Mar. 07 2012 11:15 AM
Robert from NYC

Well finally someone from Clinton Administration admitting it was their fault as it were. Glass Steagall Act was joyfully signed by Clinton and in the footage from the signing of the time you see the very first pen that he used to sign out the GSA went to that slimy, sleazy Senator Phil Gramm who was (is?) on a board of USB.

Mar. 07 2012 11:14 AM

Are Capitalism and Democracy related, in your opinion? That certainly was the moral foundation of Clinton's promotion of Capitalism. By lauding Chinese, etc. Capitalsim it sounds like you are delinking them.

Mar. 07 2012 11:14 AM

THANK YOU, Mr. Rothkopf for your hand in the DESTRUCTION of the entire world economy.

A TRUE "hero"

Mar. 07 2012 11:13 AM
Chris from Manhattan

Mr. Rothkopf:
Did you support Congress's refusal to regulate OTC derivatives, and do you have any estimates as to how much this exacerbated the severity of the financial crisis?

Mar. 07 2012 11:12 AM

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