Thursday, October 27, 2011
Matthew Yglesias doesn't understand the concept of immiseration and, what is more, is unable to look out the window. The current Neoliberal international economic order has created more inequality and more and more vicious economic catastrophes and yet he wants us to think that all is well. It is true, I suppose, that there is more wealth but it is also true that the fewer have captured that wealth. Consequently, all is not well.
This capture of wealth by fewer is true globally as well. What kind of a deranged maniac looks at the world as it is and concludes that it isn't at all like it is but rather a Neoliberal utopia?