That’s right, he said it in his column today. He approvingly quoted Kishore Mahbubani, a retired diplomat who is now the dean of the Lee Kuan Yew School of Public Policy at the National University of Singapore:
“No U.S. leaders dare to tell the truth to the people. All their pronouncements rest on a mythical assumption that ‘recovery’ is around the corner. Implicitly, they say this is a normal recession. But this is no normal recession. There will be no painless solution. ‘Sacrifice’ will be needed, and the American people know this. But no American politician dares utter the word ‘sacrifice.’ Painful truths cannot be told.”
Sacrifice is wonderful if it serves a purpose, but there are two big unanswered questions. First how would sacrifice help the recovery right now and second, exactly who do Mr. Friedman and Mahbubani think should be doing the sacrificing?
On the first question, I suppose that Friedman and Mahbubani want to see taxes increased or benefits like Social Security and Medicare cut. Both of these steps would mean real sacrifices for low and middle class people, but how exactly do they help the recovery?
Remember our problem is too little demand. So we make people sacrifice by paying higher taxes. How does this increase demand? Or we cut their Social Security benefits or make them pay more for their Medicare. Again, this would imply real sacrifice, but how does this spur the economy?
Are there businesses out there who are saying that they will not hire or invest today because Social Security and Medicare are too generous? Will these businesses decide to hire more workers and expand their business if the government cut these benefits?
In more normal times, there was at least a plausible argument that this could be the case. The story would go that reducing the deficit would lower interest rates, thereby encouraging businesses to invest. (Actually most research shows that investment is not very responsive to interest rates.) However, with interest rates already at post-Depression lows, it is difficult to envision them going much lower, nor that there would be much additional investment even if they did. In other words, Friedman and Mahbubani seem to be calling for pointless sacrifice.
The second part of the story is who they want to sacrifice. The top 10 percent of income distribution received the vast majority of the gains from economic growth over the last three decades. A grossly disproportionate share went to the top 1.0 percent and the top 0.1 percent. It might be reasonable to expect that the big gainers over this period would be the ones who should be doing the sacrificing.
But not in Thomas Friedman’s world. In his world, sacrifice must be shared equally. Those who are incredibly rich and those who are barely getting are both called upon to make sacrifices for the greater good. That’s Thomas Friedman justice.



51 Comments

Friedman and his ilk in the long run could care less about sacrifice or rebuilding the economy. Their long term goal (“keeping their eyes on the prize”) is to wipe out this politically pesky middle class once and for all and put things back to “normal”! Normal for most of American and World history has been the very rich (the few) ruling the very, very poor (the many).
I’ll jump on that sacrifice in a Friedman minute! (giggle)
You know how long that is right? 6 to 9 months, and then another 6 to 9 months, and then another…
Somebody needs to stuff a sock into him. He called for the sacrifice of all our military in the wars of corporate profits!
Check this out: http://my.firedoglake.com/davidswanson/2011/09/06/congresswoman-lee-introduces-bill-to-repeal-aumf/#comment-266885
Surely you’re not talking about peasants and rulers?
Oh! That can’t be. Not in a Democratic Republic. Never! (snark)
I think we are approaching a time when a new Modest Proposal, Eat The Rich, is called for. They are well fattened and if we turn up the heat slowly they won’t jump out of the pot until it’s too late.
There are more evil men than foolish ones in government.
We figured out the solution last night. Consolidate O’s 8 wars, add Iran, provoke Russia into entering over Abkhazia and South Ossetia, and a few others (maybe U.S. spy plane can get China to join in by flying into China’s airspace). Massive bombing to destroy the global excess investment, massive war profiteering, and CEOs get to run all the inds ramped up for war production. Then start all over again to rebuild afterwards, but rebuild only the right countries on a cost-benefit analysis study.
Shhh. I know its the old WWII gambit. The tricky part is how to get war in enough places for it to work. O’s been trying mightily to make war wherever he can, even said so in his Peace Prize acceptance speech, but it seems he might not be up to the job of making it go global.
Destruction is so much easier a way to get out of the economic mess than construction.
The obsessive rich are typical parasites.
They are compelled to suck the last drop of blood from their prey, ust as the oil and gas and mining corporations are compelled to suck the last drop of obsolete fuel from the earth. They are blind to the consequences. They are madmen and should be incarcerated.
Can we sacrifice Thomas Friedman? I’d miss him terribly, but, if it would save the country . . .
Tom F was, is and will always be a complete jack ass with no sense of what is really happening in this or any other country…Tom, the word is not flat, your head is!! Thanks Dean…We need to see more of you on TV..keep up the good work
I really need to spell check…I meant world not word
Thomas Friedman should lead the “haves” and “have mores” in self- sacrifice. I’d pay to see him commit seppuku on live TV.
The Social Security sacrifice works like this: first, cut benefits to the bone while raising the retirement age to the point where almost nobody is left to collect.(survivor benefits must be dropped, of course) Next, the bonds in the trust fund can be written off, since they are no longer needed to pay the dead retirees. Taxes on the rich can then be cut without driving up the deficit. The only losers are the people who don’t count; those who matter win. Stupid, yes; but it makes sense to them. Just the natural progression of Ronnie’s New Feudalism.
If we could just get one F-unit of REAL WORK out of Tom rather than this craven boot licking of the MOTU, then the economy would be just fine…
Friedman, of course, doesn’t mention his own culpability in swallowing Bush’s lies.
It’s no longer an issue of someone like Obama being “honest” and telling the “truth.” It doesn’t matter as long as you have one political entity who is more of a cult and less of a political party, with their own alternate reality and “truth.” Every time I hear a politician say that “America’s greatest days are ahead” I want to gag. Best to think small and hang on to what we do have, which is SS and Medicare.
Just not enough of ‘em.
An obvious example of a Friedman-country is the Philippines, where the elite land owners and manufacturers (largely owned by U.S. companies) have kept the populace economically destitute for the last dozen decades. This is the Friedman-dream for the U.S.; of course, in past years, the destitute Filipinos made cheap products (including food stuffs) for the U.S. market. In the future, the Friedman-dream U.S. will supply commodities, and eventually cheap manufactured goods, to China, India, and possibly Russia.
My question is, who will get our nukes?
My summer fantasy: At tonight’s Regressives’ Debate, the little brains will be asked why are we giving public funds (tax breaks) to produce private profits? They ain’t “creating” jobs (not in the US) and if their profits are only the result of tax cuts, tax breaks and bailouts, then let’s nationalize them already and make every citizen a shareholder.
Damn, I started out on FDL today reading about Joe Lieberman and now it’s Tom Friedman. Is today talk about walking penises day?
LOL! You are a stranger around these parts, son. Missed ya, AND yer wit.
But a tiny quibble on the term: It’s ‘Walking-Penises Day’.
http://www.youtube.com/watch?v=-dJkrq32nvE
Don’t forget that when all the SS bennies are cut nobody will be able to afford to retire, nor dare to, and thus there will be no job vacancies for the next generation to fill, thus choking the life totally out of American democracy.
In Tommy’s and McConnell/Boehner’s world that works. The rest of us, not so much.
Uh-oh…
For some odd reason, this reminds me a bit of a snippet of a Charlie Rose interview I saw not too long ago.
He was speaking to a prominent Chinese woman (a journalist maybe, or a businesswoman? Sorry, I didn’t catch her name) based here in the United States.
She told Rose about how some of her American friends were complaining that their grown Ivy-League educated children couldn’t find jobs in the U.S.
She then said that she advised those friends to send their well-qualified children to China if they couldn’t find work here.
Rose helpfully pointed out that these young Americans couldn’t speak Chinese…and the Chinese woman replied that she hadn’t grown up speaking English, either.
Things have really changed…
How many 10s of thousands of sq. footage is Friedman’s primary home? Could accomodate quite a few of the homeless.
I stand corrected, I’m a little lax on grammar sometimes. Thanks for the music. I never heard of Tonio K, sounds like a cross between Steve Forbert and the British band Sweet. That’s a Dylan tune?
Oh, hay-ull; just makin’ it sound more like an actual celebrated holiday. ;o)
Ubetcha put up the Tonio K a few weeks back: a Ballad Boogie!
American, but here’s his Wiki. Played and wrote for so many different musicians and styles and genres. Guess I’ll have to listen to Sweet and Forbert now. ;o)
http://en.wikipedia.org/wiki/Tonio_K
Which, unfortunately, also applies to the idea of fixing the economy by taxing them.
Friedman always calls to mind my father’s summation of my brother’s prospects: “What your brother needs is a rich wife.” Tommy must have done a better job listening to his father than my brother did.
Yes. Something I was talking about on some prior posts today. Some segment of the boomers & GenX will continue to work until they carry us out w/our boots one. fine & dandy. but leaves less openings/jobs for the younger gens, esp those in late teens/early 20s, who find it hard to locate even service jobs these days.
Oh well, sez Friedman: too bad, get used to it (duly noted: not “so sad” to him). Not MY problem, suckahs!
Some of my friends have kids who saw the lay of the land some years ago and started to learn Mandarin quite some time ago. THEY are mostly all moving to China. That’s where it’s at right now, and these days, those of European descent are still getting paid bigger yuan$$ than most of the native-born Chinese. Alas, that is what’s happening.
He could just sail of the edge of The Flat Earth to the ‘Here There Be Dragons’ portion of the map; down down down down……
No one generalizes, oversimplifies and reaches exactly the wrong conclusions like Thom.
Friedman is a putz.
And note that Friedman is rolling this out at a seemingly good time for Obama’s call for more austerity (with more cuts funding some kind of jobs…something or other…maybe some actual jobs programs).
Public radio and TV have been so welcoming to Mustache of Understanding (local WNYC, twice I think; Charlie Rose tonight (it’s to barf over), Fresh Air. Surely there will will be more interviews), as usual.
Boy, Tommy really has it in for Baby Boomers (another supportive move for Obama, who also really has it in for Baby Boomers – I’m pretty sure it’s an issue with his mother not keeping his father around…but I really can’t know that; just a strong gut feeling).
Baby Boomers don’t have clear moral values and principles (like, Obama does??? Pols in general do??); they’ve ruined the country and the economy…or some such shite.
Not at all. The top 1% of the population have 43% of the financial wealth. If financial sacrifice is what the economy requires, one good swing at that piñata should take care of it. Don’t expect the Friedmans of the world to call for THAT kind of sacrifice though. Heaven forbid.
I generally dislike Friedman and his flat world but this article by Baker seems somewhat skewed. Friedman’s main point:
“Why has this been a lost decade? An answer can be found in one simple comparison: How Dwight Eisenhower and his successors used the cold war and how George W. Bush used 9/11.”
And :
“We used the cold war to reach the moon and spawn new industries. We used 9/11 to create better body scanners and more T.S.A. agents. It will be remembered as one of the greatest lost opportunities of any presidency — ever.”
On the whole Friedman seems to emphasize collective action over shared sacrifice and starting the discussion with truth rather than platitudes. Not much I disagree with there. Nothing about SS or Medicare cuts. Baker must be channeling from somewhere else than the article itself. Indeed, the sacrifice Friedman seems to most promote is greater taxes, presumably on the rich who have the money. That would be good.
Not a growing up, family issue for Friedman.
It’s the circles he has lived in all of his so called professional life. Friedman’s insultlated from the masses off whom he so gleefully profits by pushing his special brand of class warfare.
With his wealth, he’s exempt from the Hindenburg facing the bottom 95% of America, So it’s only natural to promote the interests of W’s base of Have Mores. Do do otherwise, would make him a traitor to his class. Not enough power, prestige & money in it for him to go down that path.
Think dollars, not percents: do you know how much in in your pinata?
If I recall correctly the total net worth of America’s billionaires is about 1.5 trillion and the Federal budget for this year is about 3.7 trillion. In other words, if you confiscated everything they had and left them naked in the street it wouldn’t even pay for half a year.
May Mahbubani LeakOn Friedman, instead: trickle down epitomized!
How could anyone take Thomas Friedman to be some great thinker?
What a DUMBSHIT.
And, he really tells you all you need to know about the mission of the New York Times.
I remember seeing him years ago on the Charlie Rose Suck-Up Show where he kept getting back to his “the earth is flat” schtick about every 5 minutes where he obiviously was hearing the ring of cash register every time he uttered that wondrous piece of wisdom.
He clearly is like Wonder Bread to the Good Little Mouseketeers who’ve kept us on the course of Empire.
It’s really easy to imagine him in a set of Mickey Mouse Ears, and he brings that kind of gravitas that would have pleased Uncle Walt.
When this guy no longer makes headlines, then maybe we’ll be closer to getting The Republic back.
Until then, the tools are running the show.
Tax cuts for the rich, and budget cuts for the rest of us = “Shared Sacrifice.”
Um, the Bush administration used 9/11 to invade Iraq. A vicious war crime that Tom Friedman heartily approved of!
Oh, he’s a total hypocrite. He grew up in middle class Minneapolis suburb and attended public school. The folks he wants to sacrifice are the people he left behind when he achieved a rich wife.
Since when is the Social Security program a cause of unemployment?
And the total net worth of the bottom 50% is 1.4 trillion.Taking a dollar from them causes much more pain to them than taking a million from one of our billionaires.
We know that the sacrifices demanded of lower income people will result in some number of bankruptcies, early deaths, broken lives and shattered dreams. Whatever those numbers are, fair shared sacrifice would require that the top few percent suffer the same percentage of these problems. And if it would be wrong to do that to billionaires how can it be right to do it to working people?
So a CFR member wants to further annihilate the middle class. It would be news if he had said the opposite.
Friedman is popular because he makes some kind of authoritative commentary, always 100% sure of himself. He comes across as a guy who has figured out…..well, everything. And even though he speaks complete bullshit, he exudes such incredible confidence in his bullshit that most non-thinking Americans buy into the shtik.
I heard him on NPR driving home from work a few days ago, and had to puke out the window, which is kind of hard to do when traveling fifty miles an hour in traffic. Actually, the only time you can be sure that he’s not speaking some kind of bullshit is when his mouth is closed.
Hilarious, man, keep posting,,,, I need a few good laughs !
You got it. Friedman got lucky. Middle class kid with a bit of talent got a spot at the Times and worked it for what it was worth, and then married into wealth. Nice work if you can get. Probably never took an econ course in his life, and if he did he memorized and never learned it. Typical hack.
Stick an apple in his mouth and hold a global pork dork roast.
It would solve world hunger overnight.
Are there businesses out there who are saying that they will not hire or invest today because Social Security and Medicare are too generous?
No, but they may not be hiring due to questions about taxes and obamacare, both of which will directly impact businesses.
“Taking a dollar from” (each of the bottom 50%) will get you how much? Couple hundred million, max?
(Take a)”million from one of our billionaires”
Hey, take a million from each of the 403 of them: total = $403 million.
Put ‘em both together and it’ll cover the loss on our loan to the latest solar panel manufacturer to go belly up, and still leave you about $100 million to solve all our other problems.
darbyshire: I’m not arguing against taxing the rich, I’m saying you’re kidding yourself if you think “one good swing at that piñata should take care of it.”
Best to think small and hang on to what we do have”
Following that strategy leads you to a tactical situation like:
The bully has taken your jacket, taken your shoes, and you lie curled up on the ground hugging the lunch money that’s all you have left while he kicks you trying to get at that, too.
May suggest that the better strategy is kick him in the balls (repeatedly) or lose everything trying?