It is a testament to my deep dislike for Zizek that even this piece by Niall Ferguson wasn’t enough to turn me Zizekian on the spot. But it was a near thing.

I think Nobel Prize winning economist Chris Sims has a much shrewder take on this whole 99 vs. 1 business.

Honestly, almost all these defenses of the status quo make more sense than Ferguson’s alternative, ‘never trust anyone over 30’ rabble-rousing proposals. (What is this, 1968?)

I emailed to congratulate Sims and he was very modest about his prize.

UPDATE: On second thought, I take it all back. That deftly-dropped hint that Zizek grew his beard to look as as wild-and-crazy as Krugman was worth the price of admission. Karl Marx sort of had a ‘Krugman beard’, too, if you think about it. Makes you think! And that’s why they pay Ferguson the Big Bucks, I presume.