Krugman: The 1 percent has created a monster

The New York Times columnist traces the origins of the insanity on the right

Topics: Paul Krugman, The 1 Percent, Inequality, Class warfare, GOP, Republican Party, The New York Times,

Krugman: The 1 percent has created a monsterPaul Krugman (Credit: Reuters/Anton Golubev)

In a post at his New York Times blog, the award-winning economist and columnist Paul Krugman argues that the right’s crusade against Obamacare is a byproduct of class antagonism and a radical right-wing movement that’s gone beyond the control of its hyper-wealthy benefactors.

Concerning the government shutdown over Obamacare, Krugman writes, “There’s a definite class-war aspect to this fight, pitting the interests of the 0.1 percent against those of lower-income families.” But according to Krugman, that doesn’t explain the whole story, because “the 0.1 percent, by and large, are pleading with the GOP to knock it off.” He then notes that even Karl Rove, “more or less the designated defender of upper-class privileges,” is complaining over not being listened to.

Ultimately, Krugman concludes, the radical right is like Frankenstein’s monster, with the hyper-wealthy playing the role of the doomed mad scientist. “[M]y working theory,” he writes, “is that wealthy individuals bought themselves a radical right party, believing … that it would cut their taxes and remove regulations.” What the 0.1 percent didn’t realize is that “eventually the craziness would take on a life of its own, and that the monster they created would turn on its creators as well as the little people.”

Elias Isquith

Elias Isquith is an assistant editor at Salon, focusing on politics. Follow him on Twitter at @eliasisquith, and email him at eisquith@salon.com.

More Related Stories

Featured Slide Shows

  • Share on Twitter
  • Share on Facebook
  • 1 of 11
  • Close
  • Fullscreen
  • Thumbnails

    "Roman Candle" turns 20: Secrets of Elliott Smith's accidental masterpiece (slideshow)

    Elliott and the friends with whom he recorded in middle school in Texas (photo courtesy of Dan Pickering)

    "Roman Candle" turns 20: Secrets of Elliott Smith's accidental masterpiece (slideshow)

    Heatmiser publicity shot (L-R: Tony Lash, Brandt Peterson, Neil Gust, Elliott Smith) (photo courtesy of JJ Gonson photography)

    "Roman Candle" turns 20: Secrets of Elliott Smith's accidental masterpiece (slideshow)

    Elliott and JJ Gonson (photo courtesy of JJ Gonson photography)

    "Roman Candle" turns 20: Secrets of Elliott Smith's accidental masterpiece (slideshow)

    "Stray" 7-inch, Cavity Search Records (photo courtesy of JJ Gonson photography)

    "Roman Candle" turns 20: Secrets of Elliott Smith's accidental masterpiece (slideshow)

    Elliott's Hampshire College ID photo, 1987

    "Roman Candle" turns 20: Secrets of Elliott Smith's accidental masterpiece (slideshow)

    Elliott with "Le Domino," the guitar he used on "Roman Candle" (courtesy of JJ Gonson photography)

    "Roman Candle" turns 20: Secrets of Elliott Smith's accidental masterpiece (slideshow)

    Full "Roman Candle" record cover (courtesy of JJ Gonson photography)

    "Roman Candle" turns 20: Secrets of Elliott Smith's accidental masterpiece (slideshow)

    Elliott goofing off in Portland (courtesy of JJ Gonson photography)

    "Roman Candle" turns 20: Secrets of Elliott Smith's accidental masterpiece (slideshow)

    Heatmiser (L-R: Elliott Smith, Neil Gust, Tony Lash, Brandt Peterson)(courtesy of JJ Gonson photography)

    "Roman Candle" turns 20: Secrets of Elliott Smith's accidental masterpiece (slideshow)

    The Greenhouse Sleeve -- Cassette sleeve from Murder of Crows release, 1988, with first appearance of Condor Avenue (photo courtesy of Glynnis Fawkes)

  • Recent Slide Shows

Comments

Loading Comments...