What we’re experiencing right now is a top-down disaster

krugman...

The idea is that we got into this mess because voters wanted something for nothing, and weak-minded politicians catered to the electorate’s foolishness.

So this seems like a good time to point out that this blame-the-public view isn’t just self-serving, it’s dead wrong.

The fact is that what we’re experiencing right now is a top-down disaster. The policies that got us into this mess weren’t responses to public demand. They were, with few exceptions, policies championed by small groups of influential people — in many cases, the same people now lecturing the rest of us on the need to get serious. And by trying to shift the blame to the general populace, elites are ducking some much-needed reflection on their own catastrophic mistakes.

goddamit, i really hate posting on the same friggin' topic time after time after time after time, but the ugly reality is still smacking us in the face so i guess i'm just going to have to keep on keepin' on...

regarding the last sentence of the above excerpt, i would posit that krugman is sadly deluded if he believes that our super-rich elites have made "catastrophic mistakes"... i feel about that the same way that i believe george w. bush and his cronies were "incompetent"... no way in hell... what's been happening is the result of deliberate efforts on the part of our handlers and their puppets to suck as much of the global collective wealth and power into their own pockets... and there's been no mistakes made, at least not as far as i can see... they're doing one HELL of a good job...

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