Showing posts with label paul krugman. Show all posts
Showing posts with label paul krugman. Show all posts

Monday, January 19, 2015

The Triumph of Ideology Over Truth



None of us, of course, is free of prejudices, biases, and ideological/philosophical leanings. It is part of being human. But those of us who strive for critical thinking at least make an effort to recognize the aforementioned in our own thinking, and take measures to try to counteract their at-times destructive effects. I like to think that is what separates progressives from the reflexive ranters à la Fox News who substitute blather, invective and demagoguery for reason.

The New York Times' Paul Krugman has written a very interesting piece examining this issue, entitled Hating Good Government.

Krugman starts out by looking at climate change, and the fact that 2014 was the warmest year on record, a fact, however, that will make no difference in the 'debate.'
Evidence doesn’t matter for the “debate” over climate policy, where I put scare quotes around “debate” because, given the obvious irrelevance of logic and evidence, it’s not really a debate in any normal sense. And this situation is by no means unique. Indeed, at this point it’s hard to think of a major policy dispute where facts actually do matter; it’s unshakable dogma, across the board. And the real question is why.
To fully establish his premise, he next looks at the right's most prized article of faith, that tax cuts promote growth:
First, consider the Kansas experiment. Back in 2012 Sam Brownback, the state’s right-wing governor, went all in on supply-side economics: He drastically cut taxes, assuring everyone that the resulting boom would make up for the initial loss in revenues. Unfortunately for his constituents, his experiment has been a resounding failure. The economy of Kansas, far from booming, has lagged the economies of neighboring states, and Kansas is now in fiscal crisis.
So will we see conservatives scaling back their claims about the magical efficacy of tax cuts as a form of economic stimulus? Of course not. If evidence mattered, supply-side economics would have faded into obscurity decades ago.
Next, Krugman turns to health care reform, regarded by the right as an unspeakable evil promoted by the satanic Obama:
...the news on health reform keeps coming in, and it keeps being more favorable than even the supporters expected. We already knew that the number of Americans without insurance is dropping fast, even as the growth in health care costs moderates. Now we have evidence that the number of Americans experiencing financial distress due to medical expenses is also dropping fast.
Those facts, of course, will matter not a whit to the 'true believers' on the right.

Krugman then gets to the heart of the matter, the reason for this intractability that is impervious to facts:
Well, it strikes me that the immovable position in each of these cases is bound up with rejecting any role for government that serves the public interest. If you don’t want the government to impose controls or fees on polluters, you want to deny that there is any reason to limit emissions. If you don’t want the combination of regulation, mandates and subsidies that is needed to extend coverage to the uninsured, you want to deny that expanding coverage is even possible. And claims about the magical powers of tax cuts are often little more than a mask for the real agenda of crippling government by starving it of revenue.
And why this hatred of government in the public interest? Well, the political scientist Corey Robin argues that most self-proclaimed conservatives are actually reactionaries. That is, they’re defenders of traditional hierarchy — the kind of hierarchy that is threatened by any expansion of government, even (or perhaps especially) when that expansion makes the lives of ordinary citizens better and more secure.
We would be indeed foolish to think that such forces are not at work in Canada as well. One only has to look at the Harper regime's near-constant vilification of 'enemies, its suppression of science, its general demagoguery substituting for reasoned policy to see our sad domestic truths echo those of the U.S.

Not a time to be smug here, there, or anywhere.

Monday, May 26, 2014

Contempt Of The Electorate - Part 2



As I continue to ponder the question my friend Tom posed about why discredited economic theories are not vigorously opposed and exposed as such by political parties and media, two articles perhaps offer some helpful contextual information.

The first is by John Barber in today's Star, entitled Hudak’s discredited doctrine a lucky break for Wynne. In it, he remarks on the good fortune that Ontario Premier Kathleen Wynne is enjoying by having an ideologue, Tim Hudak, helming the party of her chief opposition, The Progressive Conservatives of Ontario:

Hudak has presented her a chance once again to make righteous war on Mike Harris’s amply discredited Common Sense Revolution.

Barber speculates that embracing such an extreme austerity program that will see the elimination of 100,000 public service jobs in order to balance the books a year or two earlier than Wynne intends suggests one of two motives: either it is a strategy to gain a majority government by mobilizing true believers more likely to turn out in an election than others, or Hudak and his brain trust are mad, an explanation Barber favours, given that it reflects a worldwide trend of neoconservatives:

The boldness of the policy is the product of assumptions so ingrained the zealots see no need to explain them. Fixated by their own mechanistic ideology, they blandly expect voters to understand intuitively — or religiously, as they seem to do — that destroying jobs will create jobs and that cutting taxes will increase revenue. It’s all so clear to them. Don’t you see, Ontario?

Barber then provides a link to a recent column by Paul Krugman, entitled Points of No Return. In it, the economist writes about how facts, reason and informed cerebration seem to be losing out to crazed ideology and contempt for science and others sources of empirical data, bringing us to the point where the process of intellectual devolution seems to have reached a point of no return.

It, too, is a piece well-worth reading, as Krugman examines the Republican Party and its wholesale embrace of an ideology that reveres patently false economic ideas (austerity would be one such example), and offers reflexive rejection of inconvenient scientific truth (the notion of human-caused climate would be an example). The more obvious the falsity of the outlook, the more adherents become

more, not less, extreme in their dogma, which will make it even harder for them ever to admit that they, and the political movement they serve, have been wrong all along.

Strikingly like a certain domestic federal regime I could also name, no?

Admittedly, this does not offer a direct answer to Tom's question. But is it possible that those politicians who oppose such flawed doctrines are afraid of enraging those voters who do, a reaction that might strengthen their already motivated resolve to be a present en masse at the ballot box?

I would more than welcome input on this perplexing issue.

Saturday, April 19, 2014

Guest Post: The Mound Of Sound On Oligarchy

I am pleased to present to you this second guest post by the Mound of Sound, a.k.a. The Disaffected Lib:

When the "Greatest Democracy on Earth" closes up shop and re-opens as an oligarchy every other supposed democracy, including our own, better sit up and take notice.

The United States of America has proven that the ballot box does not guarantee the health or even the survival of democracy. Citizens can vote to their hearts' content and it doesn't matter if economic and political power resides elsewhere.

Remember that old joke about the Golden Rule? He who has the gold, rules. That's not a joke any longer. It's called "political capture", the process by which political power is taken from the electorate and vested in a group of oligarchs who, through their influence over legislators, call the shots.

It's pretty dismal when you have to realize that whether you vote or how you vote doesn't matter. The day after the election those individuals that have just been 'hired' by your vote will go to work for someone else. Thank you very much. See you in four years or six years or - well, whatever. And, remember, don't call us, we'll call you.

Thanks to a study from Princeton, we now have confirmation that the United States has transformed from democracy to oligarchy. Many of us knew it at a gut level but the study meticulously documents what we suspected. Now, here's the thing. America remains notionally a democracy, one citizen - one vote sort of thing. It has a constitution and bill of rights that reflect democracy, not some other form of political organization. What that means is that the rise of oligarchy is a subversion of democracy and powerful, prima facie evidence of a thoroughly corrupted political process. It reeks of wholesale corruption and, given its once lofty perch atop Mount Democracy, it proclaims America one of the most corrupted states on the planet.

The massive and steadily widening gap between rich and poor in America is no accident. Nor is it the natural outcome of merit-based or market forces. It is the bastard child of the incestuous bedding of the oligarchs and the political classes. Government that pledges to serve the people instead serves them up on a legislative platter to its real masters.

Now we learn, via Paul Krugman and Bill Moyers, that America's oligarchy is in the process of the next stage of its ascendancy, the establishment of a perpetual, inheritance-based aristocracy.



A Brief Programming Note



Since spring finally seems to be arriving in my place on the planet, it seems like a propitious time to take a day or two off from this blog and contemplate other matters. In the interim, I recommend the following for your perusal:

The Star's Thomas Walkom writes about democracy, voting and past democratic reform measures in his column today.

A series of thoughtful letters from Star readers provides an ample basis for some serious contemplation of climate change.

And finally, on the oligarchy that has essentially subverted supplanted democracy, the Mound of Sound recommends this interview with Thomas Krugman, who discusses a new book by French economist Thomas Piketty, Capital in the Twenty-First Century. Pikey argues that modern capitalism has put the world "on the road not just to a highly unequal society, but to a society of an oligarchy—a society of inherited wealth."

See you shortly, and enjoy the long weekend.

Wednesday, February 5, 2014

The Mind Of The Plutocrat



The other day I wrote a brief post on the Koch brothers, accompanied by a video highlighting some of their very nefarious involvement in the climate-denial business. Fellow blogger The Mound of Sound, who spends a great deal of time on the climate-change file, offered the following observation about the evil pair:

They are deliberately and quite knowingly condemning today's kids and their children to come to enormous hardship and suffering, perhaps even worse.

Reflecting upon his observation, at supper I said to my wife that those who pour millions into fueling the industry of climate-denial (and without question almost all of them do it, not out of conviction but for the selfish advancement of their own pecuniary and ideological imperatives) are truly evil; they almost seem to emulate the stereotypical villains found throughout the years in James Bond films. Think, for example, of Ernest Stavro Blofeld or Auric Goldfinger, both bent on world domination, and I don't think you are far off understanding the sheer malignity of those who would condemn future generalizations to hell on earth.

The other day, I talked to my friend Dom, enjoying a sojourn in Florida, and the topic turned to the Koch brothers and the general attitude of indifference that the plutocrats show towards the collective. Dom said that they are so used to having their own way, and, moving as they do in such rarefied self-reinforcing circles, see themselves and their actions as beyond reproach.

Fortuitously, at about the same time I talked to Dom, I read a piece by The New York Time's Paul Krugman echoing Dom's observation. Entitled Paranoia of the Plutocrats, Krugman offers the following observations:

... the rich are different from you and me.

And yes, that’s partly because they have more money, and the power goes with it. They can and all too often do surround themselves with courtiers who tell them what they want to hear and never, ever, tell them they’re being foolish. They’re accustomed to being treated with deference, not just by the people they hire but by politicians who want their campaign contributions. And so they are shocked to discover that money can’t buy everything, can’t insulate them from all adversity.


Emblematic of their shock and their outrage, as cited by Krugman, is the recent letter the billionaire investor Tom Perkins, a founding member of the venture capital firm Kleiner Perkins Caufield & Byers, sent to the New York Times, in which he made this odious 'comparison':

I would call attention to the parallels of fascist Nazi Germany to its war on its "one percent," namely its Jews, to the progressive war on the American one percent, namely the "rich."

...This is a very dangerous drift in our American thinking. Kristallnacht was unthinkable in 1930; is its descendant "progressive" radicalism unthinkable now?

Yet this overblown, even hysterical rhetoric is not limited to Mr. Perkins. As Krugman pointed out in a piece last year, others in this 'persecuted' minority are speaking up as well.

Robert Benmosche, the chief executive of the American International Group (AIG), the giant insurance company that played a crucial role in creating the global economic crisis, felt ill-used over the public outrage that accompanied the continuation of large executive bonuses after its massive government bailout:

He compared the uproar over bonuses to lynchings in the Deep South — the real kind, involving murder — and declared that the bonus backlash was “just as bad and just as wrong.”

But wait; there's more! Back in 2010 Stephen Schwarzman, the chairman and chief executive of the Blackstone Group, declared that proposals to eliminate tax loopholes for hedge fund and private-equity managers were “like when Hitler invaded Poland in 1939.”

As Krugman points out, normal people in a democracy accept criticism, however grudgingly (clearly, he is not acquainted with Harper and his cabal - but he did say normal people, didn't he?):

Normal people take it in stride; even if they’re angry and bitter over political setbacks, they don’t cry persecution, compare their critics to Nazis and insist that the world revolves around their hurt feelings. But the rich are different from you and me.

In addition to his earlier observation of how the ultra-rich are so insulated from real life as an explanation for their pique, Krugman offers this:

I also suspect that today’s Masters of the Universe are insecure about the nature of their success. We’re not talking captains of industry here, men who make stuff. We are, instead, talking about wheeler-dealers, men who push money around and get rich by skimming some off the top as it sloshes by. They may boast that they are job creators, the people who make the economy work, but are they really adding value? Many of us doubt it — and so, I suspect, do some of the wealthy themselves, a form of self-doubt that causes them to lash out even more furiously at their critics.

Perhaps John Steinbeck, in his great novel The Grapes of Wrath, said it best when referring to the wealthy landowners who exploited so many of their fellow human beings:

If he needs a million acres to make him feel rich, seems to me he needs it 'cause he feels awful poor inside hisself, and if he's poor in hisself, there ain't no million acres gonna make him feel rich.

Sunday, April 7, 2013

Empirical Evidence Versus Bluster

Although this is just a brief clip, it does, I think, show why the 'right' prefers ideology and 'talking points' to empirical evidence:

Monday, October 10, 2011

Panic of the Plutocrats

That's the title of an excellent article by the New York Times' Paul Krugman as he writes about the hysteria being elicited in the power elite over the implications of the Occupy Wall Street Movement.

From Eric Cantor, the House majority leader, describing the protesters as “mobs” and “the pitting of Americans against Americans” to Mitt Romney accusing the protesters of waging “class warfare", and Republican presidential hopeful Herman Cain calling them "anti-American," it is clear that the ultra wealthy, those used to having their political agenda enacted unimpeded, and their minions are feeling deeply threatened by a movement of citizens who are finally paying attention to the man behind the curtain.



Please sign this petition urging Prime Minister Harper to stop threatening Michaela Keyserlingk and to stop exporting asbestos.

Monday, February 21, 2011

Paul Krugman and the Wisconsin Attack on Unions

New York Times columnist Paul Krugman has some interesting insights on Wisconsin's attempts to strip the collective bargaining rights of public service unions. He sees it as an effort by the American oligarchs to destroy what little opposition is left to their assuming complete control, not only of the economy through tax policies that favour the rich, but also of the entire political agenda. Much of what Krugman says, I believe, has direct application to the Canadian scene now under the control and sway of a right-wing administration that has shown little respect for opposing views during its five years in power.