Tuesday, October 18, 2011

The Increasingly Radicalized Paul Krugman

Lately I have become more and more impressed with the extent that Krugman has become not just a mainstream liberal, but more of a voice for a genuine left. And then he come out with this, Economics and Politics by Paul Krugman - The Conscience of a Liberal - NYTimes.com:

This isn’t the only case where news organizations consistently report as truth something that didn’t happen, while failing to report what did. Another one that comes to mind is the California electricity crisis of 2001-2002. As some readers may recall, that crisis was caused by market manipulation — and that’s not a hypothesis, Enron traders were caught on tape telling plants to shut down to create artificial shortages. Yet “news analyses” published after the whole thing was revealed would often tell readers that excessive environmental regulation and Nimbyism caused the crisis, with nary a mention of the deliberate creation of shortages.
And as you’ll notice, in both cases the imaginary history just happened to be one more comfortable to status quo interests.
I don’t want to go all Chomsky here, but this sort of thing really can radicalize you.
'via Blog this'

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