Political illiteracy

Chris Dillow blames Political illiteracy.

In this sense, therefore, the elevation of "the deficit" over the problem of low pay is not just economic illiteracy but political illiteracy too — a failure to see that is politics is (or should be) really about how to arrange affairs so as to make individuals' reasonable plans as compatible as possible.

This is one reason why economists such as me, Simon and Paul Krugman (I apologise for putting myself into such elevated company) are drawn into politics. It's because our economic problem is a fundamentally political problem — and people have forgotten what politics is.

Emphasis Mine

And the political problem is that the system is not delivering for the poor. The main reason is that the system is designed that way: the rich will get richer.

But, of course, Dillow means that the Capitalist system is becoming unplatable for the majority of people, and that challenges the legitimacy of the system. It is therefore the task of the ideological superstructure to come up with a plan that will again get people to accept the system.

This plan seems to be a minor concession of political power in order to give the illusion of control to the people.