Paul Krugman’s commentary on Western elites pushing for war, tax breaks, and financial lawlessness got me thinking about a century ago*, especially on this point:
So it was the bad judgment of the elite, not the greediness of the common man, that caused America’s deficit. And much the same is true of the European crisis.
Ayn Rand must be turning over in her grave over this. Imagine: the political and corporate elites are pretty dumb after all. Can they all go on strike? Pretty please? That would have been greatly helpful a century ago, when European aristocracy foisted a futile bloodbath on a substantial portion of a generation of men who didn’t even get the moniker “great”–that was reserved for the stupid war.
It must really gall the elites to face the notion that the pacifists were right all along. Plus a whole lot smarter. Now if we can only convince the public at large–I’ve got more hope for their intellect than the modern aristocracy. It wasn’t their idea to soil the economy, the housing market, or the Middle East. They had to be lied to even to get them to go along with some of it.
*The Ghastly War, don’t you know. Now, was that 1914-18 or 1914-1991 … ?