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View Diary: Structural Stupidity on PBS, Debunked by Krugman and Baker (123 comments)

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  •  Not sure if you read the article (8+ / 0-)

    but you've got the Meet the Press crowd on your side, so that's nice. Myself, I'd need some evidence before I called most economists liars.

    Early to rise and early to bed Makes a man healthy, wealthy, and dead. --Not Benjamin Franklin

    by Boundegar on Sat Aug 03, 2013 at 10:38:34 PM PDT

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    •  Liars is the nicest term for them (16+ / 0-)

      They have been shoveling policy that defies logic since the Reagan era and it has turned our economy into a giant ponzi scheme.

      Trickle down reign a bell?

    •  So we're not competing with dollar a day or (4+ / 0-)

      less wages? I guess if one defines 'structural' however one wishes and leaves aside parts one doesn't like (like wages) then sure, yeah it's not structural

    •  Here's some evidence for you (7+ / 0-)

      I'm assuming you were snarking.  Just the same there's lots of evidence.  

      Confessions of an Economic Hit Man

      Perkins helped create today's US/Corporate Hegemony or Empire Building.  He had a change of heart, finding himself steeped in guilt for the harm he and his ilk created for the simple goal of enriching a few at the expense of the most.

      John wrote a wonderfully insightful book:  Confessions of an Economic Hitman (EHM) which you can read online here.  Perkins exposes how he and his EHM team exploited many countries.  It is a searchable document, so you can focus on one country for research purposes.

      I found Confessions.... filled in some missing, critical information presented in Naomi Klein's Shock Doctrine.

      For those of you don't have time to read the book, which I highly recommend to anyone wanting to understand the basis of US policy at home and abroad, here is a 1:24 hour presentation by John Perkins.

      I will present both the old and new embed codes (you might see two copies of the same video) because one or the other is not always viewable on handheld devices.


      John Perkins, one of the first Economic Hitmen, clearly states at about minute 0:23:52 in the following videos

      The human spirit is indominatible.......

      0:24:30  What will you do?

      0:24:55 What will it take to turn around this Empire?  We must create a new model!

      0:26:00 They all work under one premise:

      US/Multi-National Empire building has one goal:

      TO MAXIMIZE PROFITS

      regardless of the environmental and/or social costs.

      This is what must be changed, and can be changed if the laws governing multi-nationals are changed.  We have to demand this change in our State, Federal, and seats of governments throughout the world.

      It's difficult to be happy knowing so many suffer. We must unite.

      by War on Error on Sun Aug 04, 2013 at 08:20:07 AM PDT

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    •  Independent of the validity or otherwise of (0+ / 0-)

      anybody's argument,

      I'd need some evidence before I called most economists liars.
      is a classical named Argumentum ad Verecundiam.

      As to evidence, I'm not sure why anybody should bother when talking of economists, since most of them, especially the academic ilk, are not empiricists and dismiss and ignore facts which contradict their theories. (A guy at the Haas School of Business actually won a prestigious award a while back for the novel approach of actually going out and getting empirical data.)Sometimes they claim that the facts are distortive or non-representative or magikly skewed, but they have also been known to openly admit that they are recasting the facts because it is necessary to save the theory. One such case was where a name product cut prices and sales and demand both dropped instead of rising. The particular lie espoused at that time was that this changed the product.

      That, in its essence, is fascism--ownership of government by an individual, by a group, or by any other controlling private power. -- Franklin D. Roosevelt --

      by enhydra lutris on Sun Aug 04, 2013 at 12:36:20 PM PDT

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