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Notes to myself, possibly of interest to others.
-- Bill Northlich

Saturday, October 12, 2013

That Krugman... Grifter Truther

[W]hen you make as much money as the 0.1 percent does, it’s no longer about what you can buy — it’s about prestige, about receiving deference, about what Tom Wolfe (in an essay I haven’t been able to find) called “seeing ‘em jump.”...

In a way, this is an inversion of the usual argument made by defenders of inequality. They’re always saying that workers should be happy to accept a declining share of national income, because...the economic pie [is] bigger...

What’s really going on with plutocrats right now, however, is that they’re basically willing to accept lousy economic policies from right-wing politicians as long as they get a bigger share of the shrinking pie.

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