Home

[Previous entry: ""] [Main Index] [Next entry: "Reuters piece on the rise of the graphic novel."] 06/10/2005 Entry: "Krugman on the new age of robber barons" Krugman on the new age of robber barons and their propagandists. Somewhat related to this earlier post of mine. I'll have more to say on that another day, but for now let me just point out that middle-class America didn't emerge by accident. It was created by what has been called the Great Compression of incomes that took place during World War II, and sustained for a generation by social norms that favored equality, strong labor unions and progressive taxation. Since the 1970's, all of those sustaining forces have lost their power. Since 1980 in particular, U.S. government policies have consistently favored the wealthy at the expense of working families - and under the current administration, that favoritism has become extreme and relentless. From tax cuts that favor the rich to bankruptcy "reform" that punishes the unlucky, almost every domestic policy seems intended to accelerate our march back to the robber baron era. It's not a pretty picture - which is why right-wing partisans try so hard to discredit anyone who tries to explain to the public what's going on. See also: More oil! A giant SUV parks illegally in front of me with "More Oil" customized plates. Oddly enough it was full of Islamic women. Did I just run into relatives of the Saudi regime or one of the most cynical license plates out there? Replies: 1 Comment wow nice to hear another person who knows what is being perpatrated on them. Posted by chad @ 06/16/2005 09:39 PM CST