Monday, October 17, 2011

Paul Krugman As Outsider

LOL moment of the day:


As the Occupy Wall Street movement continues to grow, the response from the movement’s targets has gradually changed: contemptuous dismissal has been replaced by whining. (A reader of my blog suggests that we start calling our ruling class the “kvetchocracy.”)

This is one of the reasons why it is so difficult to take the Left seriously in this country. I'm sorry but in no one's theory of a ruling elite, be it Pareto or Veblen or Weber or Burnham or even Marx, is someone like Krugman not a member of said elite. In order for anything like OWS to be even remotely interesting, and not merely the mass temper tantrum it actually is, they would have to start targeting elites like Krugman. That they cannot even correctly identify him as being a member of the ruling elite says something about their lack of intellectual acumen.

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