Paul Krugman on the austerity fetishists. Why don’t we have someone like this with a platform like this up here?
H/t I Acknowledge Class Warfare Exists.
… if you opposed Thatcher’s ideas it was likely because of their lack of compassion, which is really just a word for love. If love is something you cherish, it is hard to glean much joy from death, even in one’s enemies.
H/t Patricia Pearson.
This week, the EU proposed that bonuses ought to be no more than 100% of bankers’ annual salaries, or 200% if sanctioned by shareholders. Someone earning £1m could thus get an extra £2m if their work is deemed of sufficient value to the firm. But apparently, this is not nearly enough. This cap is unfair, they say. Bonuses should be unlimited. And if these pin-striped übermensch don’t get what they want, they will have a tantrum and stomp off to Singapore. Well, let them go.
What’s that? Lessons in this for Canada, you say? Sorry, not coming through. Your lips move but I can’t hear what you’re saying.
A more unifying political discourse. The dismantling of an austerity agenda that does nothing but pull us apart. A renewed focus on the positive role government should be playing in our lives. Income inequality solutions. That’s the kind of truly groundbreaking transformation an equality Premier could achieve, post-austerity.
I think it’s important to understand the extent to which leading Republicans live in an intellectual bubble. They get their news from Fox and other captive media, they get their policy analysis from billionaire-financed right-wing think tanks, and they’re often blissfully unaware both of contrary evidence and of how their positions sound to outsiders.
More from Paul Krugman. Why don’t we have a guy like this up here?
Source: The New York Times
Along the way, however, we’ve forgotten something important — namely, that economic justice and economic growth aren’t incompatible. America in the 1950s made the rich pay their fair share; it gave workers the power to bargain for decent wages and benefits; yet contrary to right-wing propaganda then and now, it prospered. And we can do that again.