The Radicalization of Paul Krugman: Exposing Class Interests of SadoMonetarists

[HomerRamone]

http://www.dailykos.com/story/2014/07/11/1313221/-The-Radicalization-of-Paul-Krugman-Exposing-Class-Interests-of-SadoMonetarists?detail=email

And conservatives don’t want to legitimize the notion that government action can ever have positive effects, because once you start down that path you might end up endorsing things like government-guaranteed health insurance.

But there’s also a much more direct reason for those defending the interests of the wealthy to complain about easy money: The wealthy derive an important part of their income from interest on bonds, and low-rate policies have greatly reduced this income.

<...>

It turns out, however, that using monetary policy to fight depression, while in the interest of the vast majority of Americans, isn’t in the interest of a small, wealthy minority. And, as a result, monetary policy is as bound up in class and ideological conflict as tax policy.

The truth is that in a society as unequal and polarized as ours has become, almost everything is political. Get used to it.

His eyes are opening. Krugman started as a mainstream liberal. So did Joe Stiglitz. And they are seeing the limits of liberalism. Both are moving toward becoming class warriors for working people. The battle of intellectuals is not enough, but it helps. Just as Piketty's book does.

[Enthusiast]

1. Kicked and recommended!

[riderinthestorm]

2. As always, excellent. Which is why he'll never be a part of any Administration...

powerful truths...

BIG K&R

[Beartracks]

4. Inconvenient truths, too. n/t

[MannyGoldstein]

3. I think that Krugman and Stiglitz used to think that the Third Way types were well-intentioned,

that if they only had good data they'd do the right thing. They've come to realize that the Third Way crowd is not misinformed, but rather deeply disturbed in an evil way.

[ErikJ]

5. QE is to make up for the trillions leaving the US by the 1% offshoring

and our huge trade imbalance.

[WillyT]

6. K & R !!!

[Uncle Joe]

7. Kicked and recommended.

Thanks for the thread, HomerRamone.

[DeSwiss]

8. ''Get used to it.''

- That doesn't sound radical at all to me. ''Kiss my ass you fucking rich bastards'' -- now that would have been radical.





I ain't getting used to shit............

[JDPriestly]

9. Twas a time when working people formed unions and fought for monetary, social and economic

policies that would help them. And, as union members, they voted for the political party that would represent their interests: The Democrats.

Reagan appealed to the racism that was there in the pre-Reagan unions many of which had discriminated against anyone who wasn't white in their training and employment programs prior to the anti-discrimination movement of the 1960s that continued into the 1970s.

Union members voted for Nixon and then Reagan. And Reagan began the end of unions.

Working people still benefit from some of the laws that unions fought for. But there is still a lot of work to be done to make our country an even playing field for all of us.

Intellectuals, especially economists and writers and film-makers left tackling social injustice and their basis in economic injustice up to the unions for decades. We are seeing the results of the neglect by working people and intellectuals: the destruction of our industrial base; the empowerment and personification for purposes of civil rights of corporations; and growing disparity in the incomes of those who have and those who have not in our country.

Thank you, Joseph Stiglitz, Paul Krugman and Richard Wolff for leading the way, for finding the courage to speak against the conservative tide. I hope it isn't too late for working people including family farmers to do their part, form unions, maybe their own worker-owned businesses and speak up for themselves. And I also hope that it isn't too late for those of who see the dangers in this conservative economic trend to take back the Democratic Party from those who have sold out to the same corporate interests that bought the Republican Party long ago.

[Dustlawyer]

10. There was also a time when we would have picked our asses off of the couch and protested and

made things change, now not so sure. For me, I am fed up and doing something about it!

September 13th - November 4th (Election Day) let's get out and fight to get the money completely out of our electoral system! I propose fighting for Publicly Funded Federal, State, and Local Elections!

Our former Representatives now only Represent their Big Donors, not us! They manipulate us and the MSM is complicit because it too is owned by the same Interests as the politicians. This is reality, not what the leading candidates of either party say they are doing for us, that is the fairy tale. They don't get the Big Money, they don't get elected and re-elected unless they do what the Big Donors want, PERIOD, I don't understand why so many have difficulty understanding this. I guess they choose to ignore it because reality is so bad. Only candidates with national identities like Elizabeth Warren and Bernie Sanders who get lots of small donations have the freedom to represent us, the 99%! That is why we have so few Democrats and no Republicans who will fight for us!

Join me in spreading the word and organizing this mass demonstration! It is the fight of our time! It is the fight to do something to stop Climate Change, to get equal rights for women, LGBTV rights, Education, infrastructure, jobs, minimum wage, busting up the oligarchs like the media and Wall Street with truth required in the news.... all rolled into one because it is the Root Cause of why these things, which have a majority of Americans supporting them, still don't get done!

[JDPriestly]

12. Health permitting, I will do all I can.

I live in a very Democratic area.

[Electric Monk]

11. k&r

&u&g&m&a&n

[riderinthestorm]

13. AM kick! nt