Splinter
The Dangerous Myth of 'Taxpayer Money'
Raúl Carrillo, practicing attorney and a director of The Modern Money Network and Jesse Myerson, an Indiana-based community organizer with Hoosier Action
An economics, investment, trading and policy blog with a focus on Modern Monetary Theory (MMT). We seek the truth, avoid the mainstream and are virulently anti-neoliberalism.
The funeral services for President George HW Bush triggered Ross Douthat’s nostalgia for the “aristocratic virtues of the old WASP establishment, and a disappointment with the meritocracy that has risen in its place.” This column ignores his nostalgia and alleged virtues and discusses briefly his bizarre assumption that a “meritocracy” runs America. Given the 2008 Great Financial Crisis (GFC) and President Trump, I thought that the meritocracy fantasy was dead. We are far closer to anti-meritocracy (a kakistocracy).The basis of conservatism is traditionalism, which in the extreme mythologizes the supposed "gold age" of the past and yearns for recapturing it essence through reactionary politics.