paul krugman is just the worst sort of partisan hack. the stuff on bain with which the piece begins was literally written by david axelrod for a commercial. maybe they award nobels these days for thinking more like the people around you than anyone else does, if that's possible. at any rate, give krugman any premises, any information, any statistics, any situation, any fact-pattern and he reaches the same conclusion: we must increase the size and scope of state power. it's less empirical than medieval theology, which it also resembles in its yearning for subordination to the will of another.