Do you have a problem with Ben Bernanke's plan of showering the world with dollars, and with government creating a blizzard of paper money in general? Why, you are a racist who wants to bring back slavery.
Indeed, like a good parrot, Krugman recites the Party Line and calls it argument. So, why am I not surprised when he weaves together yet another conspiracy theory about what is happening in Wisconsin. Yes, it seems that Gov. Scott Walker is in league with Paul Bremer and everyone else who was involved with the invasion of Iraq, or maybe he is part of the world-wide cabal that wants to impose the "shock doctrine" on an unsuspecting world.
He also surmises that this whole thing is nothing more than a plot by the Koch Brothers to take over Wisconsin. Wisconsin today! Tomorrow the world!! (The only problem is that George Soros -- who really does bankroll internationalist groups that believe that what we need is One Single Bureaucracy to rule over us all -- gives more money to his "causes" in a year than the Koch Brothers have given in their lifetimes. Does Krugman get any Soros money? Inquiring minds would like to know. And, no, I don't get Koch dollars. Sorry.)
Krugman gives us the following statement, and I will point out afterward just what a howler it really is:
What’s happening in Wisconsin is, instead, a power grab — an attempt to exploit the fiscal crisis to destroy the last major counterweight to the political power of corporations and the wealthy.First, the notion that public employee unions are a "counterweight" to unwarranted "corporate power" is a very sick joke. Keep in mind that the process which he praises consists of a cabal of politicians who are elected through the efforts of the unions of government employees and the unions themselves then imposing their will upon people who are not in that circle.
In other words, we have something akin to a soviet in which the government employees elect their paymasters. The problem is that the arrangement depends upon the people on the outside being able to pony up the cash to pay for the whole thing, and they no longer are willing and able to do so.
Krugman's academic Keynesian mind claims that this is bad because the party being fleeced consists of the Evil People Who Don't Want More Spending. Don't they know that if they just accede to having their bank accounts cleaned out, that all the spending will create new prosperity? Haven't they heard of circular logic, er, flow?
Here is the crux of the problem: government employee unions cannot cannibalize themselves. Like all parasites, they need a host, and they and Krugman are very, very upset that the current hosts are rebelling. In fact, their rebellion must be part of a plot by the Koch Brothers TO TAKE OVER THE WORLD!
So, in the end, Paul Krugman resorts to conspiracy theories. Now, while I might agree with him about backroom deals and other sorts of cronyism that can occur with privatization, does he really expect us to believe that the current socialistic arrangement is free of such things?
Krugman seems to be one of those folks who believes that union-created socialism is pure, pure, pure. Public employee unions are bravely serving as a counterweight to those evil corporations, and that these unions are the heart and soul of America's middle class. Yes, Paul Krugman really seems to believe that we can have a large and thriving "middle class" that consists of bureaucrats, and the more we expand the bureaucracy, the more we expand our wealth.
And if you are not part of this arrangement, then Krugman instructs that you sit back, let the state insert the needle, and then drain you of your blood. By so doing, you are helping to create prosperity.