13 January 2012

Two NYT columns on the same subject: one right on, the other, as usual, off base

Two columns in NYT today on the same subject:
Krugman.   Brooks.
I suppose needless to say, in my view Krugman has it right. I think Brooks is, as usual for him, way off base in his dismissal of the callousness of Leveraged-Buyout capitalists,* and Romney in particular, and just how wrong for America right now someone like that actually is.
* I refuse to use the euphemism private equity, which was merely invented to deceive gullible people into thinking that quasi-criminal predation, which does no one but the raiders themselves any good, is benign.

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