Krugman Comes Out For Socialism
New York Times columnist and Nobel Prize winning economist Paul Krugman declared the ideas from Democratic Socialists of America-backed Alexandria Ocasio-Cortez “reasonable” and less radical than policies coming from the Republican Party.
“So here’s what you should know: the policy ideas are definitely bold, and you can make some substantive arguments against them,” Krugman wrote Tuesday in a New York Times op-ed. “But they aren’t crazy. By contrast, the ideas of Tea Party Republicans are crazy; in fact, Ocasio-Cortez’s policy positions are a lot more sensible than those of the Republican mainstream, let alone the GOP’s more radical members.”
Of course, when it comes to the details of Ocasio-Cortez’s beliefs, Krugman, in his column “Radical Democrats Are Pretty Reasonable,” sticks to the less controversial stuff like Medicare for all or a higher minimum wage. Krugman wrote that “regions like much of the south” could see “some job losses” if a national $15 minimum wage was implemented, seemingly looking over the social consequences of such a policy.
All of this isn’t really the extent to what Ocasio-Cortez, the activist-turned-politican who beat Democratic Rep. Joseph Crowley of New York for his seat in Congress on June 26, likely believes, considering her connections to the radical DSA.
Go to any DSA-attended protest or march and one will find posters and slogans calling on the government to abolish borders, prisons, and even profit. (RELATED: Sarah Sanders Slaps Paul Krugman For ‘Great Recession’ Prediction Under Trump)
Perhaps Krugman’s employers, the Sulzberger family, would be interested in giving up all their investment profits. Perhaps Krugman can start by asking for a salary cut of 50 percent.
After all, profits are bad, according to people like Ocasio-Cortez.
One program in Ocasio-Cortez’s agenda that Krugman focuses on in particular in his Tuesday column is the notion of a federal jobs guarantee, which even he isn’t sure is a sensible solution.
Regardless, Krugman declared a federal jobs guarantee in a period of historically low unemployment “a more responsible policy” than the tax cuts passed by the GOP.
Krugman has made dozens of inane predictions over his years at The Times, including the belief that the U.S. will soon be seeing “850-foot turbines that totally outcompete fossil fuels on cost.”
There are plenty of places to hit the GOP on policy, but pretending that DSA members aren’t actual socialists hellbent on destroying a market economy is just plain wrong and a willful distortion of these supposed “reasonable” Democrats.
Ocasio-Cortez cemented her reputation by getting into bed with socialist lunatics, Krugman can choose to sleep on the floor.
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