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Dennis Donovan

(31,059 posts)
Tue Dec 10, 2024, 08:37 AM Dec 2024

Raw Story: 'Grim place': Famed NY Times columnist Paul Krugman unleashes blame in bleak farewell column

Raw Story - ‘Grim place’: Famed NY Times columnist unleashes blame in bleak farewell column

Adam Nichols
December 10, 2024 7:05AM ET



Famed New York Times columnist Paul Krugman gave a bleak goodbye in his final piece for the paper Tuesday — but left with a glimmer of hope for the future.

The Nobel Prize-winning economist looked back on the 25 years since he penned his first opinion piece — and despaired at what the world has become.

“What strikes me, looking back, is how optimistic many people, both here and in much of the Western world, were back then and the extent to which that optimism has been replaced by anger and resentment,” he wrote as he retired from the Times.

“And I’m not just talking about members of the working class who feel betrayed by elites; some of the angriest, most resentful people in America right now — people who seem very likely to have a lot of influence with the incoming Trump administration — are billionaires who don’t feel sufficiently admired.”

In 1999, he wrote, there was a feeling of satisfaction and excitement for the future. But, he said, “in the 2000 election was that many Americans took peace and prosperity for granted, so they voted for the guy who seemed as if he’d be more fun to hang out with.”

/snip


DU thread to his last column: My Last Column: Finding Hope in an Age of Resentment. Paul Krugman (column is archived here)
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Raw Story: 'Grim place': Famed NY Times columnist Paul Krugman unleashes blame in bleak farewell column (Original Post) Dennis Donovan Dec 2024 OP
Pretty much Old Crank Dec 2024 #1
Thank you for posting this. bronxiteforever Dec 2024 #2
Love and admiration are way behind IMO what the Billionaires really WANT - MORE $$$. NoMoreRepugs Dec 2024 #3
Oh I think that they have the audacity to want PatSeg Dec 2024 #7
The elites having a sad, nobody likes us. We should strike while their hearts are heavy. Blue25 Hotler Dec 2024 #4
I'm glad he is retiring. He is one of the voices that insisted the economy was Passages Dec 2024 #5
Joe and I are from the same state LittleGirl Dec 2024 #8
Yeah, he pushed that free trade crap Farmer-Rick Dec 2024 #9
Is that an endorsement of trump's tariffs? Silent Type Dec 2024 #11
Thank you Paul. Botany Dec 2024 #6
Somehow I don't think Trump gives a damn about me. mgardener Dec 2024 #10
Keynes was correct malaise Dec 2024 #12
What a GREAT quote!!! calimary Dec 2024 #13

Old Crank

(7,272 posts)
1. Pretty much
Tue Dec 10, 2024, 09:40 AM
Dec 2024

When I moved to Silicon Valley things were better. More collegial. Now if you aren't of the Ellison/Musk mold you don't fit. My wife's last job hired some 10x people. They were going to do miracles. Gone in 6 months with no product. My wife was out the door sooner because she wasn't sufficiently awed by their greatness.

PatSeg

(53,567 posts)
7. Oh I think that they have the audacity to want
Tue Dec 10, 2024, 10:39 AM
Dec 2024

both more money AND the admiration and approval of the masses who made them wealthy. It is a mental illness.

Hotler

(13,747 posts)
4. The elites having a sad, nobody likes us. We should strike while their hearts are heavy. Blue25
Tue Dec 10, 2024, 09:55 AM
Dec 2024
https://democraticunderground.com/10113602

We can hurt them where it counts.

Passages

(4,517 posts)
5. I'm glad he is retiring. He is one of the voices that insisted the economy was
Tue Dec 10, 2024, 09:58 AM
Dec 2024

going in the right direction while seeming tone-deaf to those still struggling.


Joseph Stiglitz on the other hand, a great mind and a great humanitarian hopefully never retires.

LittleGirl

(8,999 posts)
8. Joe and I are from the same state
Tue Dec 10, 2024, 11:09 AM
Dec 2024

of Indiana and I'm not sure how Indiana helped him be so smart. Born in Gary, surely he had to leave the state to get a proper education. Brilliant mind and forever pride in my heart that we were born about 50 miles apart.

Farmer-Rick

(12,786 posts)
9. Yeah, he pushed that free trade crap
Tue Dec 10, 2024, 11:19 AM
Dec 2024

With the best of them. Stiglitz at least recognized the free traders as the same type of laissez-faire economist that caused the Great Irish famine of old.

History is rhyming again.

mgardener

(2,407 posts)
10. Somehow I don't think Trump gives a damn about me.
Tue Dec 10, 2024, 11:19 AM
Dec 2024

“Capitalism is the extraordinary belief that the nastiest of men, for the nastiest of reasons, will somehow work for the benefit of us all.”

— John Maynard Keynes (1883–1946)

calimary

(90,830 posts)
13. What a GREAT quote!!!
Sun Dec 22, 2024, 03:08 AM
Dec 2024

I may have to open our first-of-2025 Call to Action email with it. Just absolutely WORLD CLASS.

“Capitalism is the extraordinary belief that the nastiest of men, for the nastiest of reasons, will somehow work for the benefit of us all.”

— John Maynard Keynes (1883–1946)

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