The Occupy Movement And The Elites
In his column today, Paul Krugman writes:
[E]xperience has made it painfully clear that men in suits not only donít have any monopoly on wisdom, they have very little wisdom to offer. When talking heads on, say, CNBC mock the protesters as unserious, remember how many serious people assured us that there was no housing bubble, that Alan Greenspan was an oracle and that budget deficits would send interest rates soaring.
A better critique of the protests is the absence of specific policy demands. [. . .] But we shouldnít make too much of the lack of specifics. Itís clear what kinds of things the Occupy Wall Street demonstrators want, and itís really the job of policy intellectuals and politicians to fill in the details.
(Emphasis supplied.) I think the notion of "policy intellectuals and politicians fill[ing] in the details" is very problematic. What policy intellectuals? What politicians? Krugman writes "Democrats are being given what amounts to a second chance." This gets at the problem it seems to me. Beltway Dems and wonks also failed. That Tim Geithner remains Treasury Secretary seems to me to be the ultimate indictment of Democratic "policy intellectuals and politicians." I think Krugman underestimates the breadth of the expression of discontent the Occupy movement represents.
Speaking for me only
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