DeLong Smackdown Watch: The Tradition of all Dead Generations Weighs Like a Nightmare on the Brains of the Living
Hoisted from Comment: Spang wrote:
Paul Krugman and Mike Konczal on the Political Economy of the Lesser Depression: Doesn't the persistent hyping of the dangers of inflation and the resurgence of "hard money" goldbugs suggest that the relevant intertext here is not the Manifesto, but Eighteenth Brumaire?
Men make their own history, but they do not make it just as they please... the tradition of all dead generations weighs like a nightmare on the brain of the living.
We don't have a rentier class any more, but we have a political/social elite that continues to behave--in its pronouncements, in its policy preferences--as if if were one.
Even pointing out to them that they are not rentiers has little effect because disavowal is so central to the workings of ideology (on which, see pretty much anything by Zizek).
So the structure of the reply [conscious or otherwise] is: "I know that the world we live in is not the 1890s, BUT..." I am curious as to how this sentence should be completed. Is it: "...but still, I wish it were, because in hindsight that seems a pleasant and comfortable world, at least for a tiny fraction of the population with which I identify" or is it "but still, those guys most have known something and the 'laws of economics' do not change [because if they did, how could we say it is a science]"?