Paul Krugman: The Competition Myth

[Qtec]

<div class="ubbcode-block"><div class="ubbcode-header">Quote:</div><div class="ubbcode-body">Consider: A corporate leader who increases profits by slashing his work force is thought to be successful. Well, that’s more or less what has happened in America recently: employment is way down, but profits are hitting new records. <u>Who, exactly, considers this economic success?</u> </div></div>

link (http://www.nytimes.com/2011/01/24/opinion/24krugman.html?_r=3)

Q

[llotter]

Common sense tells me that increasing productivity is the surest way to increase wealth, maybe the only way.

Krugman intentionally confuses the specific with the general to support his stupid goal of central planning.

[eg8r]

<div class="ubbcode-block"><div class="ubbcode-header">Quote:</div><div class="ubbcode-body">Who, exactly, considers this economic success? </div></div>Shareholders?

eg8r