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Blog entry from Badlands Journal

Unemployment, foreclosure and agriculture this week

Submitted: Mar 13, 2010
By: 
Badlands Journal editorial board

The great theoreticians of the economy that ate Merced speak in lovingly of "creative destruction." I suppose, from the vantage point of a tenured chair in a university economics department committed to free-market ideology, it all must seem terribly exciting. The public and elected officials (currently enjoying the lowest popularity ratings since such records began), may be excused for not fully embracing our culture's universal approval of all that is "creative." The destruction is not a new problem. The modern approach began with the passage of the Poor Law during the reign of QueenElizabeth I, back when Shakespeare was writing plays.

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