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.

Percentiles

by John Quiggin on October 14, 2011

One of the most striking successes of the Occupy Wall Street movement has been the “We are the 99 per cent” idea, and more specifically in the identification of the top 1 per cent as the primary source of economic problems.

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