At 05:16 29/04/2013, Ray Harrell wrote:
Maybe the WSJ and Krugman are collaborating?
REH
Maybe Krugnan is up to his old rhetorical tricks. As usual, he raises a
topic very early on without giving evidence. Then he leaves it largely
alone until right at the end of his piece where he returns to the topic as
though his view on it had thus been proved. The Greeks had a term for this
type of invalid argument.
In this case Krugman talks of austerity in his first paragraph and
mentions academic studies as though they had been found invalid by
subsequent academic studies. Because he doesn't actually say this
specifically the reader is inclined not to pick fault with it. However,
when he talks of austerity in his last paragraph it's as though austerity
has actually been disproved in some academic paper or other, not to speak
of the body of the essay he has just written.
Yes, of course, there's a powerful tide against austerity by electorates
which have been feather-bedded until recently (e.g. Greece, Portugal,
Italy) and also by governments which are too frightened to try it (e.g.
France, Belgium). Nevertheless, those countries which have tried it and
succeeded (e.g. West Gernany 'swallowing' a bankrupt East Germany 20 years
ago) or are in the process of succeeding today (e.g. Iceland, Iceland) can
only confirm that austerity is essential.
Keith
the many academic papers which have said that
<http://www.nytimes.com/2013/04/29/opinion/krugman-the-story-of-our-time.html?hp>http://www.nytimes.com/2013/04/29/opinion/krugman-the-story-of-our-time.html?hp
From: [email protected]
[mailto:[email protected]] On Behalf Of Arthur Cordell
Sent: Sunday, April 28, 2013 10:59 AM
To: 'RE-DESIGNING WORK, INCOME DISTRIBUTION, EDUCATION'
Subject: [Futurework] Capitalism is killing our morals, our future -
MarketWatch
From:
<mailto:[email protected]>[email protected]
[mailto:[email protected]] On Behalf Of Steve Kurtz
Sent: Sunday, April 28, 2013 6:48 AM
Subject: [Ottawadissenters] Capitalism is killing our morals, our future -
MarketWatch
The nanny state went too far in the other direction, but he is correct
about much here in my opinion.
Steve
excerpts:
Unfortunately, we never had that debate during the 30-year rise of market
triumphalism. As a result, without quite realizing it without ever
deciding to do so we drifted from having a market economy to being a
market society.
And the difference is this: A market economy is a tool ... for organizing
productive activity. A market society is a way of life in which market
values seep into every aspect of human endeavor. Its a place where social
relations are made over in the image of the market. The difference is
profound.
The good professor is a great teacher, with only one glaring flaw in his
logic: hes too idealistic, too quixotic. You dont have to be a fatalist
to know that without a total economic collapse, market capitalists
including 1,426 billionaires, Wall Street bankers, hedgers, lobbyists and
every other special interest getting rich off the new market society
will never voluntarily surrender their control over the American political
system.
Rather, they will blindly continue down their self-destructive path with
an absolute conviction they are divinely guided by the Invisible Hand of
Adam Smith, and perhaps even God.
Meanwhile, we have no choice but wait patiently till the collapse,
anxiously aware that our bizarre political system will just keep degrading
Americas moral values, pricing, buying, selling, trading morals like
commodities, because in the final analysis everything has a price and
everyone has a price in our hot new exciting Market Society.
<http://www.marketwatch.com/Story/story/print?guid=01AA1916-AEA6-11E2-BA04-002128040CF6>http://www.marketwatch.com/Story/story/print?guid=01AA1916-AEA6-11E2-BA04-002128040CF6
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