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Paul Krugman on America's New Gilded Age

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kurth Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Nov-09-07 01:20 AM
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Paul Krugman on America's New Gilded Age
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AX10 Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Nov-09-07 01:25 AM
Response to Original message
1. kick
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alfredo Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Nov-09-07 01:30 AM
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2. The Robber Barons have returned.
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Greyhound Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Nov-09-07 02:16 AM
Response to Reply #2
6. They never left.
Warren came right out and told everyone that would listen, now no one would pay any attention...
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alfredo Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Nov-09-07 10:59 AM
Response to Reply #6
7. But we had some regulations to keep their self destructive greed in check.
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Greyhound Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Nov-10-07 06:45 AM
Response to Reply #7
8. Very briefly and even those were largely ineffective facades constructed
Edited on Sat Nov-10-07 06:46 AM by greyhound1966
so politicians could claim that they were "doing something". Unless and until we accept the fact that the fundamental precepts of capitalism (e.g. buy low sell high, interest, etc.) simply represent the theft of others labor and/or product, there is no chance for change.


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alfredo Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Nov-10-07 10:58 AM
Response to Reply #8
11. We had strong unions and labor laws that the unions used to protect
Americans from the destroyers. We also had governments that enforced anti-trust laws, and estate taxes that helped prevent dynasties.


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Greyhound Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Nov-10-07 12:12 PM
Response to Reply #11
13. Yes, as I said for a very brief period of time. Taft-Hartley made the demise of the labor unions
inevitable and our own Bubba Bill killed anti-trust, though they had been whittled away at for years before.


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alfredo Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Nov-10-07 12:25 PM
Response to Reply #13
15. Time to bring back the unions. This time it will be Blackwater, and
Pinkerton who will be standing against us, but we must win.
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Greyhound Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Nov-10-07 12:42 PM
Response to Reply #15
16. No argument here, but how do you propose we get the Sheeple to
force their will upon the corporate lackeys in DC? The laws currently all favor the corporations over the people and until that is changed the unions can't garner any power.


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alfredo Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Nov-10-07 03:13 PM
Response to Reply #16
17. At the ballot box then by forcing congress to change campaign laws
to return a voice to the people. We should also remove personhood from corporations. It's not going to be easy.
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brentspeak Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Nov-09-07 01:33 AM
Response to Original message
3. I'm surprised the neoliberal editorial board of the New York Times gives Krugman column space
The Times' editorial board has pretty much been told by the paper's owners to push the "free trade" swill as much as possible.
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OzarkDem Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Nov-09-07 01:46 AM
Response to Original message
4. Good interview, Krugman talks about conservative Dem critics
When asked why he's been attacked by so-called Dem centrists and Dem hawks...

"I think a lot of this comes from people who are, you might say, embarrassed at not having spoke up about what was going on earlier. There's a broader syndrome, not so much personal, where the liberal hawks that are for the war are constantly trying to denigrate the people that got it right. There's a clear element of, I might say, a guilty conscience in all that. And I think there's some of that going on here. By the way, The New York Review of Books review just came out. It's very different; it's not the same book being described. You know Brad DeLong, the blogger and Berkley economist, and a friend, has actually created the Ancient and Hermetic Order of the Shrill , because people are always calling me shrill. It is funny. You're considered unreliable and unsound on national security unless you were wrong about Iraq. You're considered shrill and unreliable on politics unless you waited until about 2005 to notice Bush was a really bad president. It's a very peculiar situation. So I'm unreliable, because I actually noticed very early what these people were up to."

He hits it out of the park....
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lyonn Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Nov-09-07 02:12 AM
Response to Original message
5. His idea about health care was interesting and important
He discussed the different Dem. candidates and how they might relate to that issue and then discussed the war in Iraq. He mentioned the money being dumped into the campaigns by the corps. and the possible consequences. Very good article.

Seems so logical in economic terms that health care has put a burden on our economy.
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paulk Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Nov-10-07 08:22 AM
Response to Original message
9. great interview
thanks for posting.
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Strelnikov_ Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Nov-10-07 10:06 AM
Response to Original message
10. Memorable Krugman quotes from the article
I'm certainly not a Naderite who believes that a Democrat that gets corporate money is indistinguishable from the Republicans, right? One thing we've learned is there's a difference between being disappointed and having madmen in authority. It's not all the same, but it's a very, very real concern and certainly something people should take into account when forming their preferences.

. . .

I'm not so sure it's the economics training, although I like to say I did notice the administration's dishonesty early because I know some things that most journalists don't, like arithmetic. I think it's more that this is not my sole career; I'm not interested in keeping myself as a long-term insider in the Beltway, so I probably was just willing to say the obvious sooner than most people.
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alfredo Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Nov-10-07 11:00 AM
Response to Reply #10
12. The people who knew how to think figured out bush Inc were
mad men, that they would pose a clear and present danger to our nation.
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malaise Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Nov-10-07 12:24 PM
Response to Original message
14. I disagree with Krugman re politics v economics
Edited on Sat Nov-10-07 12:25 PM by malaise
The best definition I know of politics is from a first year text book by Ponton and Gill. Politics is about decision-making re the allocation of resources. This depends on the principles underlying this allocation (the ideology) and the means by which some people and groups are able to influence the decision-making process (special interests).
It's always about the economy and who gets what.
-
Lovely interview - I'll order the book.
Gr.
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