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Jul. 22nd, 2011 02:48 pm![[personal profile]](https://www.dreamwidth.org/img/silk/identity/user.png){kind=small}
proximoceptionFrom Krugman, best short version of the real political news of my lifetime:
Clearly, it’s all mutually reinforcing: the closing of the Chicago [Economic School] mind both reinforces and is reinforced by the patronage of the mega-wealthy. And the end result is a completely hermetic system, into which contrary evidence cannot penetrate.
I used to think the other mutually reinforcing phenomena of (widely differential) American prosperity and the exporting of exploitation to other countries was the real story, but I think the lathe of ideas Kr. describes is the bigger problem. And definitely the longer term one, the one that will have to be fought even when everyone in Africa has an iPad.
Clearly, it’s all mutually reinforcing: the closing of the Chicago [Economic School] mind both reinforces and is reinforced by the patronage of the mega-wealthy. And the end result is a completely hermetic system, into which contrary evidence cannot penetrate.
I used to think the other mutually reinforcing phenomena of (widely differential) American prosperity and the exporting of exploitation to other countries was the real story, but I think the lathe of ideas Kr. describes is the bigger problem. And definitely the longer term one, the one that will have to be fought even when everyone in Africa has an iPad.
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no subject
Date: 2011-07-22 08:24 pm (UTC)no subject
Date: 2011-07-22 08:25 pm (UTC)