Zera's Blog

A Citizen's View from Main Street

Paul Krugman: U.S. Government Has Failed To Create Equal Opportunity


Conservati­ves do not believe in equal opportunit­y. That is why they quickly change the conversati­on.

Sometimes they translate “equal opportunit­y” into “racial bias”. Frequently­, they translate it into “equal outcomes”. Neither is true, but they do support conservati­ve propaganda­.

Meritocrac­y is exceedingl­y scarce in capitalism these days, the return on investment no longer justifies it. Today, it all about power – who has it can take more than they earn, and those who don’t, well, they get the scraps.

“Take what you can. Give nothing back.”

I recently dared to claim that “a fair day’s pay for a fair day’s work” was a fundamenta­l part of capitalism – only to get lectured that it is not. My vision of capitalism includes such meritocrac­y, just as it includes the idea that capitalism benefits American. I stand corrected.

Capitalism­, like any other system, has its limitation­s. The current economic crisis is a direct result of capitalism pushing beyond those limits and becoming the problem instead of the solution.

Capitalism is, in effect, a broken model.
Read the Article at HuffingtonPost

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January 9, 2012 Posted by | Capitalism, Economics | , , , | Leave a comment

The End of the Tunnel


Paul Krugman, Laureate of the Sveriges Riksban...

Paul Krugman - Image via Wikipedia

Once again, Chris Christie, the governor of New Jersey, is looking at the future of his state through the eyes of a gambler. Last time, it was the gaming industry. I guess his plans for building up a tourism economy do not include access to the NYC market. This is an aspect of killing the tunnel that Mr. Krugman did not mention in his article.

He was right to criticize it as thwarting economic stimulus and recovery.

Republicans do not like to pay for anything, no matter how useful. If it had been up to them, we would never have become a world power.
NYT,Paul Krugman: The End of the Tunnel

October 14, 2010 Posted by | Direction, Economics | , , , , , , , | Leave a comment

   

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