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The NYT isn't a complete lost cause: at least it still has Bob Herbert & Frank Rich

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brentspeak Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Nov-22-09 11:17 AM
Original message
The NYT isn't a complete lost cause: at least it still has Bob Herbert & Frank Rich
Edited on Sun Nov-22-09 11:18 AM by brentspeak
The Times editorial board figured they had to have one or two token non-corporate-owned op-ed writers to give the editorial mast some semblance of credibility.



http://www.nytimes.com/2009/11/21/opinion/21herbert.html

An American Catastrophe

By BOB HERBERT
Published: November 20, 2009

(snip)

Detroit and its environs are suffering the agonies of the economic damned because of policies, crafted at the highest national and corporate levels, that resulted in the implosion of crucially important components of America’s manufacturing base. Those decisions have had a profound effect on the fortunes not just of Detroit, or even Michigan, but the entire U.S. economy.

“We’ve been living with the illusion that manufacturing — making things — is so 20th century,” said Mr. Shaiken, “and that we could succeed by concentrating, for example, on complex financial instruments while abandoning the industrial base that sustained so many American families.”

The idea that the fallout from the wrongheaded economic concepts of the past 30 or 40 years could be contained, with the damage limited to the increasingly troubled urban areas while sparing prosperous suburbia, has now proved as phony as Bernie Madoff’s fortune. Americans, whether they live in big cities, suburban towns or rural areas, need jobs, and when those jobs are eliminated (for whatever reasons — technological advances, globalization) without being replaced, the national economy is guaranteed at some point to hit a wall.

(snip)

We’re at a period no less significant to the U.S. than Mr. Chapman’s early years at Ford. 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.

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WCGreen Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Nov-22-09 12:11 PM
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1. Don't forget Gail Collins and Paul Krugman....
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