January 16, 2012

Class War

It doesn't matter who started it but the class war meme is here to stay and will probably do what efficient memes do: multiply and prosper.  This is Paul Krugman in his latest column playing the role of DNA (or is it RNA?) and adding a little mutation (the class/race nexus) in there for maximum replication fuel: 
Yet if King could see America now, I believe that he would be disappointed, and feel that his work was nowhere near done. He dreamed of a nation in which his children “will not be judged by the color of their skin but by the content of their character.” But what we actually became is a nation that judges people not by the color of their skin — or at least not as much as in the past — but by the size of their paychecks. And in America, more than in most other wealthy nations, the size of your paycheck is strongly correlated with the size of your father’s paycheck. 
Goodbye Jim Crow, hello class system.
Speaking of "efficient" and staying (overstaying?) with the meme theme, the efficient market meme reigned supreme not too long ago. Let's just say it had better evolve fast into something more in tune with the zeitgeist. Actually, it might very well already have reached an evolutionary dead-end.

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