Friday, July 9th, 2010...3:19 pm
The Punditiocy of Krugman, et Al
I know my last blog post was definitively titled “The End of Capitalism… for Beginners,” and, in a summary effort, it included ideas I’ve been blogging about for years, but, alas, I find I am still not done blogging on the matter. Before I get back to blogging about kombucha, education and poison ivy, I need to make the following point clear:
Paul Krugman and the economic experts that win Nobel prizes and such are just plain wrong to utter any comparison to the Great Depression, a time when you could poke a Glad straw into an anthill in Titusville, Pennsylvania and come up with enough free oil to power the next three years of what was cranking off Henry Ford’s assembly line, back when vast stretches of the world were unexploited, when “explorer” was a job title.
They are glaringly wrong–either fools or charlatans vying for the attention of the Capitalistic establishment mainstream media, which has everything to gain from dragging this economic decline out and so much to lose from a total reorganization of the worldwide political structure (idealistically think: world government) as to make such a change literally unthinkable.
It is amazing how easily unthinkable things can become thinkable, though. An excellent example: There’s buddy of mine, a virulent right winger. He believes social programs are the main reason for our economic decline. He believes there should be no government, no taxes, no health care, etc…. The other day, trying to get under his skin, I said to him, “What about all this debt we’ve amassed? What will we do if China tries to call us on it?”
Without missing a beat, he responded, “We’ll just nationalize all our industries,” flipping from libertarian to communist in a mere shrug.