Tuesday, July 24, 2007

Economic Reality According to Brooks

"If you’ve paid attention to the presidential campaign, you’ve heard the neopopulist story line. C.E.O.’s are seeing their incomes skyrocket while the middle class gets squeezed. The tides of globalization work against average Americans while most of the benefits go to the top 1 percent.

This story is not entirely wrong, but it is incredibly simple-minded."

I believe Brooks' interpretation of the facts is a tad simple-minded. Ask the person with a college degree and the accompanying debt their his or her version of the global economy.

No comments: