Monday, May 27, 2013

In Response to Paul Krugman's Cri de Coeur

On Portugal, whose free-market economy Paul Krugman helped design, Krugman writes:
While arguably Portugal’s are worse than those of some other countries, how can it possibly make sense to “deal” with these problems by condemning vast numbers of willing workers to unemployment?
I don't believe this is error or accident. Rather, it is a deliberate impoverishment, by policy, of the people of the developed world. It seems that the forms of democracy have become the masks of aristocratic power.

"Politics is the continuation of war by other means.”—Michel Foucault

No comments: