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View Diary: Krugman: “Years of Tragic Waste.” (U.S. economic policy since '08: "...horrifying failure.") (255 comments)

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  •  Actually, prior to Carter, there was significant (6+ / 0-)

    national economic, industrial, and commercial policy.  

    The "hands off" approach started under Carter's deregulation and privatization baby-steps, then Reagan shot those themes into orbit.

    The coinciding failure of Communism (the USSR, no one notices China is doing pretty damn well when "Communism" comes up) falsely led everyone to believe that "Free Market" policies are marvelously successful.

    We believe in a lot of things that just aren't so in this country.

    "The law is meant to be my servant and not my master, still less my torturer and my murderer." -- James Baldwin. July 11, 1966.

    by YucatanMan on Fri Sep 06, 2013 at 08:57:07 AM PDT

    [ Parent ]

    •  Some good points, but I'm not sure (1+ / 0-)
      Recommended by:
      YucatanMan

      that China really exemplifies Communism (maybe that's why you have it quotes?)

      Heck, they don't even have single payer health care!

      •  True, China is a dictatorship, but they claim to (2+ / 0-)
        Recommended by:
        Roadbed Guy, PlinytheWelder

        be Communists. Of course, the fact that the USA does Big Bidness with China means that Communism has no meaning.

        And of course, tiny poor broke Cuba, being Communist is the biggest threat to the USA in the hemisphere.

        We have an enormous capacity for hypocrisy and denial. But money rules, at least for those allowed to make decisions.

        "The law is meant to be my servant and not my master, still less my torturer and my murderer." -- James Baldwin. July 11, 1966.

        by YucatanMan on Fri Sep 06, 2013 at 09:36:12 AM PDT

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        •  Well, like Homer Simpson says (1+ / 0-)
          Recommended by:
          YucatanMan

          "in theory, Communism is great, in theory"

          I'm not sure exactly what his point was, but to me it was the in reality there never has been an actual society that actually fulled embraced communism (as compared to the idea being used rather cynically to elicit support from a naive populace).

        •  Communism has a meaning. It's just there are only (1+ / 0-)
          Recommended by:
          YucatanMan

          a few really communist countries left: North Korea and to some extent Laos and Cuba. China is a capitalist dictatorship.

          •  I think Cuba is close to being communist, but (3+ / 0-)
            Recommended by:
            FG, WheninRome, PlinytheWelder

            still a dictatorship, even if a milder one recent.

            North Korea is absolutely an iron-clad dictatorship. Very little Communism going on there, except in name and red star and all.

            Laos... now, there, I just don't know. I'll have to do some reading.

            There may be some countries which are actually Socialist Democracies which may be closer to real "Communism" than any nations we believe are "Communist" today.  It's an interesting question, isn't it?

            "The law is meant to be my servant and not my master, still less my torturer and my murderer." -- James Baldwin. July 11, 1966.

            by YucatanMan on Fri Sep 06, 2013 at 10:33:27 AM PDT

            [ Parent ]

            •  By Communism I mean the way it existed in (1+ / 0-)
              Recommended by:
              YucatanMan

              Soviet Union or Mao China. North Korea largely preserves it. We can endlessly argue that it was not a true communism, of course. If you look at 'communism' as low income inequality, both traditional Communism and social democracies achieve it, they just use very different methods to do so.

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