Tuesday, December 21, 2010

Like Hosts of Reality TV

When historians look back at 2008-10, what will puzzle them most, I believe, is the strange triumph of failed ideas. Free-market fundamentalists have been wrong about everything — yet they now dominate the political scene more thoroughly than ever.

Why on earth would the ruling class implement policies in its own interests when it has the power to do so? Paul Krugman asks. It's inexplicable.

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