The great problem with corporate capitalism is that publicly owned companies have short time horizons. Unlike a privately owned business, the top executives of a publicly owned corporation generally come to their positions late in life. Consequently, they have a few years in which to make their fortune...
Paul Craig ROBERTS
The Honorable Paul Craig Roberts was Assistant Secretary of the US Treasury for Economic Policy in the Reagan Administration. As a presidential appointee to a secret committee, he played a role in the Reagan / Gorbachev negotiation of the end of the Cold War. In 1961 Roberts was a member of the US/USSR student exchange program. In 1989 and 1990, Roberts addressed the Soviet Academy of Sciences in Moscow on the subject of liberty. His book, Alienation and the Soviet Economy (1971 and 1990) is widely accepted as the explanation of the ideological origin and failure of the Soviet economy. Roberts was Associate Editor of the Wall Street Journal and columnist for Business Week and Scripps Howard News Service.
He has had many university appointments, including the William E. Simon Chair in Political Economy, Center for Strategic and International Studies, Georgetown University where his colleagues were Henry Kissinger, Zbigniew Brzezinski, and James R. Schlesinger.