[lbo-talk] A liberal geek defense of Ron Paul

nathan tankus somekindofheterodox at gmail.com
Fri Dec 30 15:02:55 PST 2011


"Yves Smith is part of the liberal intelligentsia which is very angry with Obama and the Democrats for their numerous concessions to the Republican right and failure to aggressively tackle the housing and financial crises"

I don't think this is accurate. First she regularly links and post articles from her "favorite curmudgeon", Thomas Ferguson. He is the developer of a political theory called "The investment theory of party competition". It describes how "business elites, not voters, play the leading part in political systems". That hardly sounds like someone who is simply "very angry with Obama and the Democrats" and more like someone who recognizes the deep corruption in our political and economic system. I follow her blog regularly and this is the general sense one takes away from her blog on a daily basis

Can someone please define what this word liberal means? i still feel like it's being used as a catch all for non-radical lefties. -- -Nathan Tankus ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



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