Krugman gives off the vibe that you'd have to be an idiot to disagree with him. But I've read many thoughtful writers who disagree with Krguman, giving him far more credit than he would ever give someone on the other side.
Goldman Sachs $1,013,091 JPMorgan Chase & Co $808,799 Citigroup Inc $736,771 UBS AG $532,674 US Government $517,908 Morgan Stanley $512,232
Source: http://www.opensecrets.org/pres08/contrib.php?cid=N00009638
Clearly, the narrative that it is only Republicans coddling the upper strata of the American plutocracy is failing.
"The Obama administration squandered a lot of potential good will early on by adopting banker-friendly policies that failed to deliver economic recovery even as bankers repaid the favor by turning on the president."
http://www.nytimes.com/2011/10/07/opinion/krugman-confrontin...
I can't really speak to his relationship with powerful people.
I want to see this kind of article on HN because it's hard to find a high-level discussion of these issues elsewhere.
Still, a forum for political debate that's both open and inhabited mostly by the reasonable and well-informed... I don't know if it's possible, but I'd like to see it.
*Edit: as for the why, I'd argue that most non-tech editorials shouldn't be here, period. Krugman's in particular -- even though I often agree with him -- because he's partisan and something of a lightning rod for the right.
Probably not: http://www.paulgraham.com/identity.html
Paul Graham wrote a very well though out article on why debating politics, even with the best intentions, is extraordinarily difficult.
More generally, you can have a fruitful discussion about a topic only if it doesn't engage the identities of any of the participants. What makes politics and religion such minefields is that they engage so many people's identities.
These editorials carry zero information in the Shannon sense.
In fact, the more reasonable and moderate a critic sounds, the more urgently he or she must be demonized
He may or may not be right, but either way it's a valid viewpoint, and one I find interesting. IMO, that's where the real signal is in this piece.
> These editorials carry zero information in the Shannon sense.
Hyperbole much?