Washington Times journalist Joseph Cotto has posted an article in his “The Conscience of a Realist” column based on a written interview he conducted with Lyndon LaRouche. This is the second article published by Cotto this year featuring LaRouche (the prior one can be found here.) This latest article exemplifies the growing response and high-level recognition of Lyndon LaRouche’s leadership in the fight to save the U.S., and the rest of the world, from the looting and extermination policies of Wall Street. The title and opening of the article are reproduced below, the full article is linked here.
Monday, August 5, 2013 – The Conscience of a Realist by Joseph Cotto
OCALA, Fla., August 5, 2013 — On Friday, Detroit’s fledgling municipal government informed a federal bankruptcy judge that it intends to file a restructuring plan by the close of 2013.
Last month, Detroit made history as the largest American city to ever go bankrupt. A local judge initially ruled the bankruptcy unconstitutional under state law, though the federal judiciary later allowed it to move forward.
What led the city which was once dubbed the “Arsenal of Democracy” to become a glaring example of dysfunction and malaise?
Veteran economist and politician Lyndon LaRouche says that the historic financial vitality of Detroit “created the great industrial power of the United States. Even during recent decades, the locations for multiply-capable auto floor-space localities … existed until the actual decision to shut down the essential elements of the U.S. machine-tool design and manufacturing capabilities.” After this happened, “the great power built upon the auto-manufacturing base which had kept the United States economy alive” was sent overseas.
In America, few industries drove twentieth century prosperity more than automobile manufacturing. Over the last few decades, however, free trade agreements and incentives from other countries allowed what were once solidly domestic jobs to become globalized.
“In the midst of the destruction of the automobile and related manufacturing, for a shift to production in Asia (most notably), there appears to have been no regard for the effects of the catastrophic impacts of the consequent collapses of both the incomes and per-capita productivity of the people (in) states such as Michigan,” LaRouche elaborates…