Showing posts with label Paul Krugman. Show all posts
Showing posts with label Paul Krugman. Show all posts

September 19, 2003

Revolution


So, you've heard me mention Paul Krugman, New York Times economic columnist, on more than one occasion. I just recently learned that he's also on faculty at dear Old Nassau, which, of course, is instant brownie points in my book.

He's a very precise and consistant critic of the insanity of the Bush fiscal policy (see previous Macroscope posts "Turning Back The Clock" and "Great Expectations")

There were two things in this article from the Guardian about Krugman himself that really caught my attention:

1. Krugman has been receiving death threats for his criticism of President Bush.

And I thought for a moment: have I ever heard of anyone on the right receiving death threats for criticizing, for instance, Bill Clinton? I mean, Clinton has a very deep reservoir of love and good will among his constituents, but I've never, ever heard of anyone who was willing to even suggest they would hurt someone for talking bad about him.

Who are these people who love George Bush so much that they would threaten death if you dare impune his character? See, this is the part of American politics that I find the most disturbing. Sure, we can all talk about the importance of voting and going to rallies and wearing butttons and contributing money (see above) to support parties & platforms & politicians. But it's all predicated on the assumption that we're all playing by the same rules.

We've forgotten that there was a time that people not unlike yours truly were abducted, beaten, mutilated, killed, and hung from a tree like a f'n pinata for trying to vote. Those kinds of things didn't happen that long ago, and alot of the people who did that are still alive & kicking. They have friends. They have money. They have an agenda. And, most importantly, they are willing to do ANYTHING to get what they want.

I'm reminded of a Watergate retrospective I saw on PBS, where a reporter said he asked Nixon Attorney General John Mitchell if he was willing to commit murder to keep Nixon in office. The guy said he puffed on his pipe, thought about it, and said with a straight face "let me get back to you on that".

I understand crimes of passion. I understand killing out of hunger-induced desperation. I understand revenge. I simply have a hard time fitting my brain around killing innocent strangers for political power. But, as they say, power is it's own narcotic. And, at that point, John Mitchell putting out a hit on someone is the moral equivalent of a crackhead busting you with a pipe to steal your last nickel.

2. Henry Kissinger is an evil genius. And that's not a good thing.

Let's not even get into Christopher Hitchens' book, "The Trial of Henry Kissinger", where the author makes the case that Nixon's former Secretary of State should be tried as a war criminal for, among other things, sabotaging LBJ's peace negotiations with the North Vietnamese to solidify Tricky Dick's position as the only candidate who could end the war in 1968.

But, for his part, Krugman was the most terrified by the seeming prescience showed in the introduction to A World Restored, a history text Kissinger penned in the 1950s. Kissinger referred to Napoleon in 18th & 19th Century France as a revolutionary power that fundamentally rejected the basic tenants of the stable system the dictator sought to control. But Napoleon's greatest advantage was that no one in the opposition could ever fully accept that Napoleon wanted to completely undo the system, despite all the evidence to the contrary, until he had actually undone the system.

So, if Hitler is too incendiary a model to use for the way the Bush neo-conservatives are deconstructing America, perhaps a 200 year old French dictator is, ironically, more appropriate.

September 12, 2003


Turning Back The Clock
For those of you who have not seen it, the movie Seabiscuit gives one of the starkest portrayals I can remember about the reversal of economic fortunes that occurred as a result of The Great Depression. Early in the film, when horse jockey Red Pollard was still a boy, his family seemed to live the American Dream. Mom, Dad, a bunch of well-bred kids, sitting around a sumptuous dinner table in a nice, affluent house.

When the Depression hits, his parents were left with nothing but the clothes on their backs, warming their hands over fires in steel trashcans, as they tried to find the least objectionable people to at least give their children a roof over their heads.

Families destroyed. Lives ruined. A country full of desperate people willing to do anything to survive. Working slave wages just to get a can of beans.

So, imagine a world without Social Security, Medicare, Unemployment benefits, Medicaid, or even Welfare. A world with a minimum wage that would give an annual salary well below the poverty level. A world without overtime pay. A world where only the affluent can afford health care.

A world populated with desperate people.

Desperate people will work for any price. I guess, in the end, that's the point.

In this article from the New York Times, Paul Krugman studies the motivation behind people like Grover Norquist, who are providing the intellectual muscle behind the Bush tax policy. While Bush himself may actually believe that cutting taxes will someday create more revenue for the government, Norquist & his buddies are trying to engineer a fiscal catastrophy by cutting the funding far below the government's capacity to pay for itself. In their mind, the only alternative will be to cut out all of the social programs that aren't directly tied to military spending & the operations of the government itself.

Let me restate that: these guys want to get rid of the New Deal & the Great Society.

All those programs put in place to provide a safety net for the working class have an enormous bullseye on their backs.

Why on Earth would anyone want to that?

Because desperate people will work below minimum wage.

It's all about lowering the cost of doing business.

Think about that.

September 04, 2003


Great Expectations
Paul Krugman is an columnist for the New York Times who, in his recent book, The Great Unravelling suggests that President Bush's ecomonic policy is putting America on track for a fiscal disaster of, in his words, Dickensian proportions. I mean, "rising infant mortality and low-birth-weight infants" style poverty across the board for homemakers making about $30,000 or less.

Meanwhile, the President is suggesting that his tax cuts are a dam holding back a tidal wave of even more economic catastrophies.

Funny. I thought we were projecting surpluses ad infinitum when he took office. I suppose that's all Bin Laden's fault. But wait - doesn't Bush know him (see the previous post)? Maybe it's Ken Lay's fault. Oh, wait, Bush knows him, too.

D'Oh.