As liberal critics of the Trump presidency have scrambled for traction since January, one historical analogy seems ubiquitous: “If you want a model for what’s happening to America,” economist Paul Krugman wrote in April, “think of Mao’s Cultural Revolution.” From the New York Times to the Guardian to a slew of Substacks, commentators have presented Donald Trump as the U.S. incarnation of the Great Helmsman.
Like Mao Zedong, these pundits say, Trump is mobilizing an insurrectionary base to destroy bureaucratic and cultural elites, has created a cult of personality in which the leader’s will overrides all else, and is brutally intolerant of his ideological enemies.
What are we a bunch of Asians?!
“You have to really have tunnel vision and not understand the most basic economic history to make the misrepresentations that Krugman said.
And if I hadn’t met him, and I didn’t know how really stupid he is as a person, I would think he’s deliberately lying, but I have met him and he really is that stupid.
[…]
Krugman doesn’t understand the difference between paying a domestic debt and paying a foreign debt. And that’s because he doesn’t understand foreign trade.
If he understood foreign trade and debt, he never could have won a Nobel Prize. A precondition for winning the Nobel Prize is not to understand how international finance works so that you can act to preserve the kind of financial superstition that’s taught in the universities like the University of Chicago.”
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Yes! Thank you