On Mon, 29 Apr 2013, Keith Hudson wrote:
> 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. You seem to have overlooked the embedded link, but regardless, I don't know what rock you would have had to have been under to miss the Reinhart - Rogoff fiasco last week. Because he doesn't actually say this specifically the reader is > inclined not to pick fault with it. Good, as they certainly shouldn't 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. -Pete > > 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 > > > > > > <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. It?s 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: he?s too idealistic, too quixotic. You don?t 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 America?s > > 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 > > > > > > > > __._,_.___ > > __,_._,___ > > _______________________________________________ > > Futurework mailing list > > [email protected] > > https://lists.uwaterloo.ca/mailman/listinfo/futurework > _______________________________________________ Futurework mailing list [email protected] https://lists.uwaterloo.ca/mailman/listinfo/futurework
