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December 22, 2003
What I resist is the idea that the average worker is getting poorer in absolute terms--a notion now pushed by Paul Krugman in The Nation as well as by Uchitelle. Arguing in this fashion that capitalism doesn't "deliver the goods" is a mug's game. It's the one thing capitalism does! The New Left knew that. The Newer, Hack Left seems to have forgotten. Have Krugman and Uchitelle been to Best Buy and seen all the average families buying big-screen TVs?