Comment: Nobel-Prize winning economist Paul Krugman has taken stock of a disturbing fact–economic catastrophe propels electorates in a rightward direction. In numerous broadcasts, we’ve highlighted the decisive effect of the great depression in winning hearts and minds for Hitler and his fellow fascist dictators.
Something similar is manifesting itself today in the U.S. and Europe.
“Going to Extreme” by Paul Krugman; The New York Times; 5/16/2009.
Utah Republicans have denied Robert Bennett, a very conservative three-term senator, a place on the ballot, because he’s not conservative enough. In Maine, party activists have pushed through a platform calling for, among other things, abolishing both the Federal Reserve and the Department of Education. And it’s becoming ever more apparent that real power within the G.O.P. rests with the ranting talk-show hosts.
News organizations have taken notice: suddenly, the takeover of the Republican Party by right-wing extremists has become a story (although many reporters seem determined to pretend that something equivalent is happening to the Democrats. It isn’t.) But why is this happening? And in particular, why is it happening now? . . .
. . . Right-wing extremism may be the same as it ever was, but it clearly has more adherents now than it did a couple of years ago. Why? It may have a lot to do with a troubled economy.
True, that’s not how it was supposed to work. When the economy plunged into crisis, many observers — myself included — expected a political shift to the left. After all, the crisis made nonsense of the right’s markets-know-best, regulation-is-always-bad dogma. In retrospect, however, this was naïve: voters tend to react with their guts, not in response to analytical arguments — and in bad times, the gut reaction of many voters is to move right.
That’s the message of a recent paper by the economists Markus Brückner and Hans Peter Grüner, who find a striking correlation between economic performance and political extremism in advanced nations: in both America and Europe, periods of low economic growth tend to be associated with a rising vote for right-wing and nationalist political parties. The rise of the Tea Party, in other words, was exactly what we should have expected in the wake of the economic crisis. . . .
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