Combine that with Krugman's latest remarks, and you have quite a summary of current fast moving trends toward some kind of oligopolistic totalitarianism.
Great investigative editorializing by Krugman. Krugman is at his best, as far as I am concerned, when he stays away from economics as such, and discusses, how shall we say (keep his comments grounded in something), the 'microeconomics' of the takeover of society by politico-media, and industrial global, 'megafirms'.
Let's call it VERTICAL INTEGRATION.
Totalitarianism would be the ultimate in 'vertical integration', wouldn't it? The Germans tried it, after all.
They, the big big backers, thought they could control the forces they 'amassed' politically. cf. Hannah Arendt, The Origins of Totalitarianism.
After all, they only really want an even freer lazy fare environment.
Things are such that Americans will not dig themselves out of the politico/economic pit into which they have long been digging themselves by reasoned effort, but rather will be driven to some new, even less enlightened, measures, probably by major adverse developments, initially commercial or financial ones perhaps, from abroad.
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