http://crookedtimber.org/2013/08/18/krugman-keynes-kalecki-konczal1/comment-page-1/#commentsKRUGMAN BECOMES A REACTIONARY
Politics is determined by morality not economics. People will universally endure hardship to punish immorality. The majority may like democratic candidates, but they prefer conservative morality. The conservatives understand this which is why they hold power.
I stopped posting thus mantra on left economic blogs in 2012, trying to persuade them to strike a bargain with conservatives on education reform. Which they would have bought. But the left us just as fanatical in their devotion as the right. So its not one sided.
You might also put Krugman in context: austerity worked. It worked in both Europe and the states. It achieved moral ends. And it taught lessons: the lessons the productive people wanted taught.
Communism failed. Socialism failed. And much of democratic redistibutive socialism is failing.
When socialism failed the left in academia created and promoted Postmodernism: anti-rationalism. Now that their only hope is failing. They will resort to reactionary tactics that are even less rational than Postmodern irrationalities : diversity and equality.
Humans all demonstrate the moral principle of proportionality. But proportionality is dependent upon your moral code, and your moral code on your family structure and social class. (Reproductive desirability.)
Democracy cannot work across heterogeneous family structures. In particular not across single mother, serial marriage and nuclear or extended family structures. Bucause the morality if property rights differs irresolvably between them.
Economic reality, political data, and scientific research dismantling the progressive and postmodern religious beliefs are combining to accomplish what a universe of conservative and libertarian think tanks could not.
Source date (UTC): 2013-08-18 08:29:00 UTC
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