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View Diary: UPDATED! Krugman Decodes Romney's Economic Plan (15 comments)

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  •  Paul Krugman made another noteworthy.. (5+ / 0-)

    ..observation (that OWS has helped to bring to the surface) - The ‘hereditary principle.’
    Today's entitled class members (re)-expanding the Randian objectivist philosophy’s definition to 'We should be grateful':  

    This actually represents a break with the previous defense of the rich. Until now, the official line has been that what we need are incentives — that jaawwb creeaytohrs won’t do their thing unless we dangle the carrot of immense wealth in front of them. But now we’re supposed to think that it’s not the prospect of future wealth, but wealth in being, that’s what is really so wonderful.
     [snip]
     But this is how it’s going. If the right continues to make political gains, coming next is a reaffirmation of the hereditary principle.
    I say re-expanding the defintion because haven't we been here before?  gilded age mind-set - or even farther back and across the ocean?
    Rich Guy Says We Should Be Grateful For His Wealth - May 2, 2012, 8:32 am

    Thx xanar - Paul Krugman does need to be front-paged !

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