Tag Archives: krugman

Death of a Movement? Not Sure

Krugman wants to paint Cantor’s loss as the death of “movement conservatism.”  The gist of movement conservatism, as he describes and I agree, is the interlocking of political strategy, bait-and-switch of cultural issues for working class with 1% priorities, with supportive media and think tank institutions.  

Part of movement conservatism’s longevity since the Reagan, I think, is the ability of the mainstream Republican party to absorb the cyclic waves of stoked anger and activists into their rhetoric and policies.  

Seems to me movement conservatism was already proclaimed dead several times, like 1998 midterms, Obama’s election, the “crazies” in primaries in 2010 and 2012 that sank some senate races… and probably others.  Maybe Cantor is cardiac arrest.  We’ll see if the corpus can recover.

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June 15, 2014 · 7:18 am

Da** you, Krugman!!!!! Scooped me again.

A friend from Dads night  can attest to the fact that on Wednesday I told him I think that Madoff’s Ponzi scheme and so-called “normal” investing in high finance, speculative vehicles is probably very similar in terms of how investors act and gather information.

Paul Krugman’s column in today’s NY Times starts off:

The revelation that Bernard Madoff — brilliant investor (or so almost everyone thought), philanthropist, pillar of the community — was a phony has shocked the world, and understandably so. The scale of his alleged $50 billion Ponzi scheme is hard to comprehend.

Yet surely I’m not the only person to ask the obvious question: How different, really, is Mr. Madoff’s tale from the story of the investment industry as a whole?

Sigh.  I guess there are worse people to be scooped by.

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