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Krugman 2.0

Yesterday, we mentioned that the NYT has decided to scrap its TimesSelect paid feature, instead opting to open up their Op-Eds and archives for all of the online masses to enjoy. Today, we watch as the Grey Lady lurches even closer to the New Media, with the unveiling of Paul Krugman's brand new blog.

How does a Paul Krugman blog read? Well, a lot like a Paul Krugman Op-Ed:

Most people assume that this rise in inequality was the result of impersonal forces, like technological change and globalization. But the great reduction of inequality that created middle-class America between 1935 and 1945 was driven by political change; I believe that politics has also played an important role in rising inequality since the 1970s. It's important to know that no other advanced economy has seen a comparable surge in inequality - even the rising inequality of Thatcherite Britain was a faint echo of trends here.

On the political side, you might have expected rising inequality to produce a populist backlash. Instead, however, the era of rising inequality has also been the era of "movement conservatism," the term both supporters and opponents use for the highly cohesive set of interlocking institutions that brought Ronald Reagan and Newt Gingrich to power, and reached its culmination, taking control of all three branches of the federal government, under George W. Bush. (Yes, Virginia, there is a vast right-wing conspiracy.)

Tom Maguire of JustOneMinute pokes a little fun at Krugman, noting that the good old days weren't always that good (to paraphrase Billy Joel):

Well. Krugman wants to return us to a happy place we reached by way of war and depression, a place where minorities and women could not work, and where illegal immigrants toiled in the fields but nowhere else. And he wants to pretend that is not how we got there, and not where we were. Good luck.

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