Paul Krugman writes: "As I see it, policy makers are sinking into a condition of learned helplessness on the jobs issue: the more they fail to do anything about the problem, the more they convince themselves that there's nothing they could do. And those of us who know better should be doing all we can to break that vicious circle."
Portrait, New York Times columnist Paul Krugman, 06/15/09. (photo: Fred R. Conrad/NYT)
Against Learned Helplessness
30 May 11
Unemployment is a terrible scourge across much of the Western world. Almost 14 million Americans are jobless, and millions more are stuck with part-time work or jobs that fail to use their skills. Some European countries have it even worse: 21 percent of Spanish workers are unemployed.
Nor is the situation showing rapid improvement. This is a continuing tragedy, and in a rational world bringing an end to this tragedy would be our top economic priority.
Yet a strange thing has happened to policy discussion: on both sides of the Atlantic, a consensus has emerged among movers and shakers that nothing can or should be done about jobs. Instead of a determination to do something about the ongoing suffering and economic waste, one sees a proliferation of excuses for inaction, garbed in the language of wisdom and responsibility.
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It seems we're fighting the same issues as the last century all over again, repeating history.
The mortgage situation of the middle class is only a manifestation of the structural hollowing out as they borrowed to maintain a life style that was off shored.
WPA projects would be a relief and generate infrastructue - parks, schools etc. for the future generations, but unless a long term solution for the off shored jobs and the competition from cheap labor is stifled, then the future is gloomy.
WPA like programs to go right at these things and employ both highly skilled people using brain power and others with a combination of that and raw muscle are desperately needed.
I say ACT! And ACT NOW! But no one is listening. I wrote the President twice on this. No response at all. Put people to work, put money in their pockets and they spend and the economy is lifted, and have them doing things that make life better here and safer for all of us. What's wrong with that?
But, let's face it, after living on cheapo consumer goods, any good made in the USA will cost more = that equales inflation in the mind of the consumer and the CPI. The middle class will feel that pinch too. But, as the good Prof. says, we have to compare that with the pain of the millions suffering from unemployment now.
I read all of these peoples replies and think shit, that ain't helping anything, I've always said that we need to stop this friggen war and bring our troops home and I don't care how we get that done, that is first in business, then we use that money to put our troops and the unemployeed to work and rebuild this country, this will help to fix the problems that we have in congress with the healthcare system and decrease the amount of troops that are being killed and hurt for what???? Our job is done there, Bin Laden is dead so let's get back to what we were doing before all of this shit started or are we so blind and confused by congress that we can't think straight????
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