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"The "Nobel prize for economics" is a fascinating story of how - as the global public was looking the other way - strategy and snobbery brought a symbolic currency to life. "
"This is exactly the theme of Sarah Palin's campaign. A large segment of the American public has entered the dark wilderness of loserdom. They've lost jobs, incomes, and even their homes. They can't support a family, can't afford to gas up their God-given cars, can hardly even afford to buy food - though many of this group have been programmed, tragically, to get much of their food from hamburger and taco dispensaries that "free market" America has generously dotted the landscape with. They are ashamed, especially living in a nation where liberty is supposed to enable you to get a leg up in the world, to be self-reliant, to make something of yourself. Hence, they imagine themselves to have somehow been deprived of liberty (and honor!) which they must now get back. "
"This seems like a pretty straightforward description of why interest groups are politically powerful. I think Edelman’s additional contribution is the emphasis on the use of symbols by the Insiders to distract the Outsiders: “For Edelman, symbolic reassurance and political quiescence were somewhat troubling phenomena. The masses were being lulled by symbolic gestures into accepting adverse political outcomes.”"
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