Jacob Hacker and Paul Pierson: What Krugman & Stiglitz Can Tell Us

Certainly one of the most striking features of current debates is the economic hawkishness of the American upper crust. Krugman and Stiglitz are rightfully amazed at how, once the most intense part of the crisis was past, economic elites averted their gaze from the ongoing hardship. That powerful CEOs and financial executives could cause so much damage and yet restore their position (and paychecks) so quickly suggests an extraordinary culture of self-justification and demand for deference. Perhaps most telling is the apparently genuine and widespread fury among financial elites at Obama’s occasional, mild criticisms of their excesses.

Mein Blog befasst sich in einem umfassenden Sinn mit dem Verhältnis von Wissen, Wissenschaft und Gesellschaft. Ein besonderes Augenmerk richte ich dabei auf die Aktivitäten des Medien- und Dienstleistungskonzern Bertelsmann und der Bertelsmann Stiftung.