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Paul Krugman is a foam at the mouth kook. He's consistently wrong, and only continues to be "relevant" because he promotes a particular view of the world, which
by kuni-toko-tachi 12y ago
Paul Krugman is a foam at the mouth kook. He's consistently wrong, and only continues to be "relevant" because he promotes a particular view of the world, which is both absurd and popular because it is based on feelings and not reality.
Capitalism is based on grow and destruction. It is just as absurd to argue against Amazon as it would have been to argue for Blockbuster. Netflix comes along, and Blockbuster disappears. Markets are brutally efficient, and crying over the losers is a waste of time at best, and if this bleating results in government regulation, harmful.
- seanflyon 12y agoYou second paragraph is reasonable, but you have not supported your claim that "Paul Krugman is a foam at the mouth kook". Statements like that should not be made without justification.
- kuni-toko-tachi 12y agoI should have toned down that statement. The main disagreement that many people have with Paul Krugman is that he is a central planner, he believes that the state should be an economic actor. That premise is fundamentally flawed.