Krugman Again

More excellent commentary from New York Times opinion writer and economist Paul Krugman, writing in a newsletter:

(previous text talked about possibly anticipating America's financial crises)

...

What I didn’t see coming was the political side. It’s not just that America has been suffering from Third World-type economic crises. We’ve also been sliding into banana-republic politics, becoming the kind of country in which a president can refuse to acknowledge a clear election defeat — and be backed by most of his party.

The political scientist Brendan Nyhan likes to point to outrages against U.S. democracy and ask, “What would you say if you saw it in another country?” It’s a rhetorical question, of course: Our democracy is very close to failing.

There are three mistakes you shouldn’t make about what’s going on. First, don’t dismiss it because the antics of the Trump team — Four Seasons Total Landscaping, melting Rudy Giuliani — are so ridiculous. Authoritarian rulers are often ludicrous, because their hangers-on won’t tell them how silly they look. When the president of Turkmenistan erected a giant golden statue of himself on horseback, he didn’t become a national laughingstock — because nobody in his nation would have dared to laugh.

Second, don’t make the mistake of thinking that this happened all of a sudden. Republicans have been systematically undermining democracy for years through voter suppression, gerrymandering that gives them control of state legislatures even when they lose the popular vote by large margins, stripping power from governors who happen to be Democrats, and trying to bring criminal charges against their opponents.

Finally, don’t bothsides this. The decay of U.S. democracy isn’t about “politics”; it’s about one party’s turn away from democracy. Today’s G.O.P. is nothing like center-right parties in other advanced nations; it’s more like Fidesz, which has turned Hungary into a one-party state, than it is like, say, Britain’s Tories.

Why is all this happening? The truth is that I don’t fully understand it; neither do the political scientists, although they’re working on it (and I’m trying to follow their work.) But it is happening, and Joe Biden’s inauguration won’t be the end of the story.