On Nov 18, 2013, at 5:15 PM, Julio Huato <juliohuato at gmail.com> wrote:
> No, no. It is, instead, about rationalizing, supplying excuses to
> leave this political establishment here and now off the hook. It is
> about naturalizing (turning into a natural juggernaut) a *social*,
> human-made and humanly-resolvable crisis, a crisis in the social
> relations of production --- because this is how actual people on the
> street are increasingly perceiving it. Ask around and see if people
> believe that the political establishment is working for them.
I'm not sure that fits Krugman exactly. Summers, yes, no doubt, but Krugman seems more open to political explanation. Christ, he was quoting Kalecki on the risks of full employment just a few months ago.
Doug