Who’s Unreasonable Now?

Paul Krugman asks Who’s Unreasonable Now?

OK, so as I understand the latest from the new Greek government, Yanis Varoufakis is saying that he and his colleagues don’t care what happens to the headline value of the debt — if you want to claim that there has been no write-off, OK. What they want instead is substantive but not outrageous relief from the burden of running primary surpluses (surpluses ex interest payments), reducing the amount of resources transferred to creditors from 4.5 to 1-1.5 percent of GDP; they also want flexibility to achieve these surpluses with a mix that includes more revenue and less spending austerity.

This is a dastardly ploy by those left-wing radicals. You see, it’s completely reasonable.

Emphasis Mine

What was reasonable for a Capitalist economist to propose last century is now considered to be radical now. This is how far the politics of Capitalism has drifted to the right.