echoes of Pynchon's politics

Doug Millison millison at online-journalist.com
Thu Dec 21 09:45:05 CST 2000


http://www.nytimes.com/2000/12/21/business/21ANTI.html

"Behind the go-go stock market and the feel-good atmosphere, he says, 
the American economy that bloomed in the 1990's is sick: the divide 
between rich and poor has widened, he insists, and mechanisms like 
government regulation and unions that traditionally protected 
underdogs have been hobbled. Mergers and globalization, meanwhile, 
are homogenizing the world into one big Wal-Mart. Yet, he says, 
Americans have been sold the notion that the pixie-dust prosperity 
has touched almost everyone. [...] "One Market, Under God" vivisects 
the libertarian manifestoes, management how-to books, academic 
gobbledygook, advertisements and finance-oriented cable networks to 
describe Mr. Frank's key bĂȘte noire: market populism. This phrase, 
Mr. Frank argues, captures a new genre of spin that turns traditional 
populism on its head. Instead of the classic populist stance on 
behalf of the little guy, market populism hijacks the 
power-to-the-people language to glorify capitalism and its biggest 
winners.
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