Saturday, November 21, 2009

Hey Asshole, I Need A Fucking Unicorn

Bob Herbert:
We need a revitalized industrial policy, including the creation of whole new industries, if American families are to prosper in the coming decades. If there is any sense of urgency about this in the hearts and minds of our corporate and government leaders, I’ve missed it.

You think the government and corporations can just go to the industry store and pick one up? Industries develop because somebody creates a new class of products that people want. If corporations knew of a new product that people wanted, then they'd already be fucking making it and we wouldn't have the problem in the first place.

There's a temptation among economically mush-headed buffoons like Hebert and Harold Meyerson to create jobs through government programs, but the government doesn't create shit. It creates jobs by distorting and destroying the economy. To use my favorite example, it could break a large number of windows in America to create jobs making and installing windows, but we'd all be worse off for it even if we're creating jobs.

Sad thing is people like Herbert, who described the last half-century's economic policies as wrongheaded in the column, is calling for something like that because for him it's all about jobs. More jobs. Better paying jobs. It's classic make work bias. And it pisses me off that people like Harold Meyerson and Bob Herbert who have no clue about economics write so often about how terrible economic policies are. Yes, there are economic winners and losers and I do commend them for reminding us of the losers, but their economic prescriptions are ignorant, naive, and often simply asinine. They might as well argue that government should issue unicorns.

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