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May 27, 2011

Happy 100th, HHH

Better to celebrate Hubert Humphrey's birth centennial than Ronald Reagan's. Rick Perlstein wonders why the anniversary is largely being ignored.

In a word, Rick: Vietnam.

In two words vs. one word: "real liberalism" (overall) vs. "neoliberalism."

The real tragedy, more than him losing to Nixon in 1968? Him losing the nomination to Jimmy Carter in 1976, then Carter eulogizing "Hubert Horatio Hornblower" four years later.

Krugman is right that period, 1974-76 or so, marks the start of neoliberalism and the real start of increasing wage inequality.

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