links for 2008-09-19

19 Sep
  • This is a black week. Those of us who have supported financial capitalism are open to the charge that the system we championed has merely enabled a few spivs to get rich. But it helped produce healthy economic growth and low inflation for a generation. It would take a very big recession indeed to wipe out those gains. Do not forget that in the debate ahead.
  • Yet the Republican Party’s decision to rely so heavily on Nixon’s 1972 template is nevertheless depressing. Aren’t Republicans supposed to deplore the politics of victimhood? Conservatives make a good case that treating minority groups as victims diminishes America and institutionalises dependency. But when it comes to election-time they not only play the politics of victimhood, but play it with extraordinary relish, presenting ordinary Americans as the victims of diabolical conspiracies.
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Posted by on September 19, 2008 in Links


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