Paul Krugman Has a Right to Be Tired

 

 

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You need to read Krugman.

[T]here’s nothing quite like sustained poor economic performance – the kind of poor performance brought on by Europe’s austerity and hard-money obsessions — to undermine the elite’s reputation for competence. That’s probably why one recent study found a consistent historical relationship between financial crises and the rise of right-wing extremism. And history is repeating itself.

The story is quite different in America, because the Republican Party hasn’t tried to freeze out the kind of people who vote National Front in France. Instead, it has tried to exploit them, mobilizing their resentment via dog whistles to win elections. This was the essence of Richard Nixon’s “southern strategy,” and explains why the G.O.P. gets the overwhelming majority of Southern white votes.

Sooner or later the angry whites who make up a large fraction, maybe even a majority, of the G.O.P. base were bound to rebel — especially because these days much of the party’s leadership seems inbred and out of touch. They seem, for example, to imagine that the base supports cuts to Social Security and Medicare, an elite priority that has nothing to do with the reasons working-class whites vote Republican.

So along comes Donald Trump, saying bluntly the things establishment candidates try to convey in coded, deniable hints, and sounding as if he really means them. And he shoots to the top of the polls. Shocking, yes, but hardly surprising.

Just to be clear: In offering these explanations of the rise of Mr. Trump and Ms. Le Pen, I am not making excuses for what they say, which remains surpassingly ugly and very much at odds with the values of two great democratic nations.

What I am saying, however, is that this ugliness has been empowered by the very establishments that now act so horrified at the seemingly sudden turn of events. In Europe the problem is the arrogance and rigidity of elite figures who refuse to learn from economic failure; in the U.S. it’s the cynicism of Republicans who summoned up prejudice to support their electoral prospects. And now both are facing the monsters they helped create.

Picture found here.

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2 responses to “Paul Krugman Has a Right to Be Tired

  1. silverapplequeen, Me, too.

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