In a post at his blog, New York Times columnist and award-winning economist Paul Krugman argues that while it may appear the rich want to destroy all forms of government, that isn’t the case. What they really want to do, Krugman writes, is destroy all forms of government that don’t benefit themselves.
[M]any of the rich are selective in their opposition to government helping the unlucky. They’re against stuff like food stamps and unemployment benefits; but bailing out Wall Street? Yay!
Seriously. Charlie Munger says that we should “thank God” for the bailouts, but that ordinary people fallen on hard times should “suck it in and cope.”