Tuesday, December 13, 2011

Krugman on Creepy Europe

Krugman doesn't say "creepy", but I do. We've grown to expect Russia to always languish on the edge (if not over the edge) of despotism, but in this post Krugman notes that economic dislocation, like war, doesn't bode well for democracy. The situation in Hungary seems nasty, and they were among the better off of the former Soviet satellite states. In the U.S., too, we see radicalism resurgent in both the Tea Party and the Occupy movement. Neither group is very coherent or persuasive, but both are fueled by a deep dissatisfaction. We don't need any Father Coughlins or Huey Longs here, nor radical regimes in Europe, so we'd be wise to get things back on track quickly.

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