Leopard: I will eat your face
Bank analysts: Our baseline assumes no face-eating
Leopard: Chomp chomp chomp— Paul Krugman (@pkrugman.bsky.social) February 1, 2025 at 12:12 PM
There’s people who are going to be hurt by Trump/Musk tariffs who don’t deserve it. But, I suspect, the people most offended by any economic pain are gonna be Trump voters and Trump enablers…
Here’s a problem w Nazi comparisons (& a reason to not despair):
When the Nazis took over they had 2m SA stormtroopers. Many were WWI combat veterans. That’d be like 10 million street fighters, many unemployed, hardened by participating in 15 years of political violence, fighting for Musk & Trump/1— Dana Houle (@danahoule.bsky.social) February 1, 2025 at 5:09 PM
On top of the huge force of street fighters, Hitler took charge of a civil service filled with conservative German nationalists. He purged Jews & political opponents, but that was <10%, & he didn’t eliminate huge parts of the state apparatus & services. In fact, the bureaucracy got larger…/2
— Dana Houle (@danahoule.bsky.social) February 1, 2025 at 5:14 PM
…under the Nazis, bc they essentially added party operatives in to the existing bureaucracy.
And for everyday life, if you weren’t Jewish or gay or a political opponent of the Nazis or a trade unionists for a few years your life probably got materially better. Govt spending (much of it military)/3
— Dana Houle (@danahoule.bsky.social) February 1, 2025 at 5:18 PM
…helped lift Germany out of the depression. That’s the opposite of causing a recession or worse.
Most regimes consolidate power. But they typically do it in steps, & they try to avoid inflicting pain on the mass of the population. What Musk/Trump are doing is pissing off or even hurting…/4
— Dana Houle (@danahoule.bsky.social) February 1, 2025 at 5:21 PM
…much of their political base.
Of course, that gets at a fundamental difference here vs most authoritarian regimes: this is an evolving oligarchy. And there aren’t many examples of that in modern history. There’s no mass movement to destroy the administrative state, none of this is in response…/5
— Dana Houle (@danahoule.bsky.social) February 1, 2025 at 5:25 PM
…to a cataclysmic event or rapid modernization or anything like that. There isn’t mass support for what they’re doing, & it’s going to hurt nearly everyone, even the very wealthy, bc Musk/Trump are stupid & they don’t have a largely allied bureaucracy.
They’re going to be hugely unpopular…/6
— Dana Houle (@danahoule.bsky.social) February 1, 2025 at 5:29 PM
…& even dictatorships are sensitive to public opinion. And these guys are too stupid to do any of this well.
They’re evil & their incompetence is dangerous. But they don’t have the political support or apparatus to impose much. Our struggle is to keep them from stealing & breaking everything /7
— Dana Houle (@danahoule.bsky.social) February 1, 2025 at 5:35 PM
They love trolling & being indignant. Few get off their couch.
— Dana Houle (@danahoule.bsky.social) February 1, 2025 at 5:46 PM
Saturday Night Open Thread: <em>Chomp Chomp Chomp!</em>Post + Comments (296)
































