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My frustration with Krugman

The problem is he is only one of a very few prominent liberals with access to a microphone. Today, he wrote some things I can personally relate to in his piece Twin Peaks Planet:

Furthermore, the travails of workers in rich countries are, in important ways, the flip side of the gains above and below them. Competition from emerging-economy exports has surely been a factor depressing wages in wealthier nations, although probably not the dominant force. More important, soaring incomes at the top were achieved, in large part, by squeezing those below: by cutting wages, slashing benefits, crushing unions, and diverting a rising share of national resources to financial wheeling and dealing.

Perhaps more important still, the wealthy exert a vastly disproportionate effect on policy. And elite priorities — obsessive concern with budget deficits, with the supposed need to slash social programs — have done a lot to deepen the valley of despond.

Unfortunately, there is an older generation of Americans who think there is nothing that can be done to stop this trend. They have been convinced by popular media that corruption is inevitable. These are the same older Americans who are benefitting from the Social Security that was  hard won after the last catastrophic depression. They were children back then. They benefitted from the post war economic expansion that proved beyond a shadow of a doubt that conditions for working class Americans do not have to be one step away from destitution. It is not the natural order.  But these older Americans fail to make the connection time after time. They have been taught to disbelieve their own past prosperity and the conditions that were necessary to keep the predators at bay.

I blame TV.

But I also have to blame Krugman for some serious rationalization of very bad policy in the last 6 years. He states:

So who speaks for those left behind in this twin-peaked world? You might have expected conventional parties of the left to take a populist stance on behalf of their domestic working classes. But mostly what you get instead — from leaders ranging from François Hollande of France to Ed Milliband of Britain to, yes, President Obama — is awkward mumbling. (Mr. Obama has, in fact, done a lot to help working Americans, but he’s remarkably bad at making his own case.)

Obama hasn’t been bad at making his own case. He hasn’t got a case to make.

I’ve been harping on research for awhile now and people have pointed out to me that my industry has not been the only one to suffer during this downturn and I get that. But it is a perfect example of how this country has allowed our leadership in science erode away and that science has provided benefits globally over the past century. I have watched as this administration and Congress has done absolutely nothing to stop the demolition of the American research industry and that is going to come back to bite this country.

Well, I’m beating a dead horse here but I’ve become convinced that our president, Senators and Representatives have been getting some very bad advice from lobbyists and other industry representatives who deceive them into believing that globalization of a very complex industry was beneficial and inevitable. They are going to regret it before long. We can’t get jobs, can’t make a living and can’t contribute to the welfare of this country anymore. You’d think that would be of interest to this White House but there has been very little interest in creating policy to address this problem. And if the best educated in this country can’t get the attention of the most powerful people in the world, then what hope do the rest of the struggling Americans have for having their concerns addressed?

It doesn’t help when Krugman insists that Obama has done great things but he’s too modest to talk about them. Maybe he’s not talking about them because Americans are finally seeing through the PR machine about “green shoots”, Lilly Ledbetter and Obamacare. We’re all asking ourselves, how stupid do they think we are? Anyone not living off their investments in this country is trapped. It’s a real life Ballad of the MTA with no way to exit the train because we’re always a nickel short and the meter keeps running.

One thing Krugman does have right though is the specter of a return to an ugly malignant narcissism that is creeping into our public discourse. The rise of nationalism and the tendency to kick disadvantaged groups when they’re already down is a bad, bad sign.

Once again, I blame TV.

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