Top 1 Percent Demonization, and Nobel Prize Devaluation

For an account of one of the most clear-cut cases of demagoguery in recent times, click here.  The demagogue scapegoats and demonizes a group of people without providing any evidence whatsoever. He doesn’t just say that what they’re doing is resulting in bad things (which isn’t happening). He indicates that they fully intend to do the bad things. Tragically, the demagogue is a Nobel Prize recipient – named Joseph Stiglitz.

That tells you something about the caliber of certain Nobel Prize recipients these days. In other words, when you hear that someone is a Nobel Prize recipient, don’t ooh and ahh. Instead, say, “yea, so?”