Krugman sees new Gilded Age

[Carl Remick]

[Thought I'd post this nugget from Slate about an upcoming Paul Krugman 
article in the NY Times magazine.  As Doug noted yesterday, Oct. 16  (in an 
LBO post I received today) Hotmail is massively fucked up currently 
resulting in extensive email delays.  The problem seems to be worsening so 
perhaps this post will hit the list about the time Krugman's article hits 
the stands.  I wonder whether Krugman's actual article will be less stupid 
than it sounds from this summary.]

Slate.com

Living in a Gilded Age
By Holly Bailey, Joshua Foer, Sian Gibby, David Plotz, and Kate Taylor
Updated Wednesday, October 16, 2002, at 1:53 PM PT

New York Times Magazine, Oct. 20
In Part 1 of a two-part piece on social class, Times columnist Paul Krugman 
says we've entered a new Gilded Age, in which the rich again wield as much 
wealth and power as they did in Gatsby's time. In the 1980s, the experts 
looked for economic explanations for the increase in inequality. Now there's 
a growing consensus that the change was cultural: a new "permissiveness" 
that condoned huge executive compensation packages.

<http://www.slate.msn.com/?id=2072317>

Carl
Not-So-Hotmail.com

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