Saturday, September 27, 2003
(10:26 AM) | Adam Kotsko:
Voodoo Economics
I decided that with Robb giving up the song lyric thing, I'd "stand in the gap," so to speak. Here is a link to a Paul Krugman essay about economic inequality. Slacktivist posted this link a few days ago, but I just got around to reading it, so I'm only linking it now (this makes me wonder whether other bloggers read everything they link to... hmm). In any case, the specific reason I link to this article is the following quote:
And that is no surprise. After all, the success of free-market conservatives in seizing the mantle of populism in America, despite the growing gap between the broad public and a small minority possessing astonishing wealth, is inherently vulnerable. It took a combination of brilliant political leadership on the right and an awesome mixture of political ineptitude, personal arrogance, and cultural elitism on the part of liberals to give Armey and their allies their current position of power.
Maybe caustic liberal talk radio wouldn't be such a bad thing. If a populist approach can be so successful in selling policies that are directly opposed to the interests of people, maybe it can do something for policies that genuinely help most people, too.
