Sunday, September 29, 2013

Krugman vs. the CEOs

Krugman is unimpressed with the contribution of Fix the Debt to our national dialog:

The thing is, I suspect that he’s typical. Corporate America is led by men who may be very good at their jobs (or not, in some cases), but have no grasp at all of the real issues facing America as a whole — the special problems created by an economy stuck in a liquidity trap, the paralysis caused by the radicalization of the GOP. They can throw lots of money at Washington, and it’s effective at tilting policies on microeconomic issues their way. But they have no influence on the big decisions, because they don’t even understand what those big decisions are.

Maybe

Or maybe their interests just don't coincide with those of most Americans, and he can't understand because his paycheck depends on his not understanding.