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Monday, 27 January 2014
Paul Krugman slams the 1% for “paranoia” and “megalomania” - Salon.com
In another era, the idea of criticising the rich might have provoked even harsher accusations, but Americans don't need Americans any more to get wealthy. So long as there is an alternative to local labour the workers won't be exploited. Their pensions will be raided and then they will be fired and ignored. Restrict capital flows and tax the rich may not sound orthodox, but it sure beats grinding poverty in a world where business morality is at its extreme lowest.