The Churn & Change Juggernaut

-----------

The approach on Rebalancing and Stabilization has to embrace the wipeout of the Inefficient and the Rentiering --- Rather Than provide fat cat welfare under the same old 'trickle down' narrative.

-----------

From Brad Delong's: The Retreat of Macroeconomic Policy

"How can the US have a large political movement – the Tea Party – pushing for the hardest of hard-money policies when there is no hard-money lobby with its wealth on the line? How is it that the unemployed, and those who fear they might be the next wave of unemployed, do not register to vote?

It is now clear that the right-wing opponents to the Obama administration’s policies are not objecting to the use of fiscal measures to stabilize nominal spending. They are, instead, objecting to the very idea that government should try to serve a stabilizing macroeconomic role. Things that happen in the present change the past – or at least our understanding of the past. For decades, I have confidently taught my students about the rise of governments that take on responsibility for the state of the economy.

But the political reaction to the Great Recession has changed the way we should think about this issue."

Decayed Organizations, saturated on Bureaucracy, working by feudal rents and favors, are approaching natural death; OR brutal restructuring & rightsizing at the middle, top, and even horizontally (no of lines of 'activity' really adding value) to avoid it. Are the people saying, "DON't! stand in the way of the Change, let the old Order crumble to yield to the New?" This blogger believes that is indeed the case.

In other words, NO State-babycared Obese ZOMBIES!

The approach on Rebalancing and Stabilization has to embrace the wipeout of the Inefficient and the Rentiering --- Rather Than provide fat cat welfare under the same old 'trickle down' narrative.