NP but robots and robber barons

[alice wellintown]

On Monday, December 10, 2012, alice wellintown wrote:

> Well, I'm down wit p-krug when he doesn't devalue his Nobel wih Marxist
> cant and rhetoric, with slick op-eds that make him read like a
> weaker Thomas Friedman, with who can look crazier debates with Ron Paul,
> with all manner of headlines bull he doesn't believe....with anything that
> will keep his name in the google pages.  I like krug, the economist. the
> editorialist is a jerk. what lover of words would find those rrrrrrr over
> robots robbing Xmas grinch barons brilliant?
>
> One. What measure  of the us economy finds it in depression? Depressed?
> No, not even in recession. Unemployment is falling, not fast, but
> falling...and the fed, now there is a prince man I'm down wit, Ben B is
> focused on that 1/3 of his mandate. It ain't gonna drop to 6% over night.
> Heck, we ain't in a depression, but we just got out of one, and, as the
> "this time it is different" hangover ends, yes, it is ending, we can
> not  expect much more. Because Ben and others in the us have done such a
> good job with this crisis we may be out of it in under 8 years, and that is
> the best we can expect.
>
> Two. corporate profits. Records. Sure enough. Do we want them to go down?
> Not if we want to grow. We want to grow. What about that piece of pink
> Floyd pie? Is corporate profit at a record because labor is weak? Because
> of off-shored jobs, because of off shored profits? Because corporations
> have been cutting jobs, raising cash, raising dividends, tapping the low
> interest rate bond market, holding back on investment spending? Yes, and
> more yes. But krug says the pie needs to grow with a conscience, and this
> is not economic, nor is it economics. It s politics. As he MIT guys explain
> we can't all be cut throat capitalists, some have to be cuddle-capitalists
> and live off he innovations of the cut-throats, so Scandinavians. Maybe
> krug is a closet Scandinavian.
>
>
> On Monday, December 10, 2012, Ian Livingston wrote:
>
>> Only available to subscribers. The robber barons win again.
>>
>>
>> On Mon, Dec 10, 2012 at 1:25 AM, Matthew Cissell <macissell at yahoo.es>wrote:
>>
>>> For the p-list, except Alice who is not down with Krugman.
>>>
>>>
>>> http://www.nytimes.com/2012/12/10/
>>> opinion/krugman-robots-and-robber-barons.html?ref=global-home&_r=0
>>>
>>> neo-luddites arise!
>>> ciao
>>> mc
>>>
>>
>>
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