…karl marx and billie holiday…

The quibble with the outstanding Prof Krugman has been his, at times, mighty efforts at self-restraint in using the obvious, apposite language. This was evident in his article of some time ago, Robots and Robber Barons, where he dallied ever so briefly with Karl Marx, before moving briskly on – something not lost on Ann Robertson and Bill Leumer with their,  When Mainstream Economists Discover Karl Marx.

Yet how time flies. Today, more unbeholden and ever more irreverent, he calls the 1%, the, well, the (cupidinous) 1%, and unapologetically so – but with the usual strong evidence and argument, unlike the shrill incantations of the evangelists of the exalted set. And he does so with his, Plutocrats Feeling Persecuted.

So here’s what Mr. Benmosche did in an interview with The Wall Street Journal: He compared the uproar over bonuses to lynchings in the Deep South — the real kind, involving murder — and declared that the bonus backlash was “just as bad and just as wrong.”

[Bold added.]

Strange fruit? Send in Billie Holiday? Such a show of unbridled arrogance and sense of unchallengeable exceptionalism would ensure a ‘no more Mr Nice Guy’ and more incisive use of language. That such offensive language from the entitled 1% would have attracted so little attention from corporate media, the voice of the plutocracy, is perfectly understandable. [Even more evidence that PK remains one of the few redeeming features of NYT, and more than worth the limited non-paying access ]

Richard Wolff would explain further that the manna from heaven that the corporate MSM claims is falling on the undeserving and increasingly disadvantaged masses is anything but manna. No showers of blessings. His article, Recovery Hype: American Capitalism’s Weapon of Mass Distraction, says it all. One example of cynical distraction:

Hyping a recovery helps politicians to boost their popularity (or at least, slow its decline). It also serves to give masses of people with growing economic difficulties the impression that “other people” are experiencing a recovery. So they blame themselves (their age, skill set, education and so on) for missing out. The recovery hype thereby functions as a massive “blame-the-victim” program, in which a dysfunctional capitalism escapes criticism, while its victims instead turn criticism inward upon themselves.

[Bold added]

One inescapable conclusion is this – those who abandon subscriptions to complicit corporatist US cable or its printed news will be not only less disadvantaged economically, such fortunates will also be less uninformed and more knowledgeable. And will have their intelligence less insulted.

Plutocrats feeling persecuted? Those insensitive poor should be truly ashamed of their victimising such wretched innocents.