Post-crisis commentary failures stem from refusing to admit the ideology itself failed
Evidence
What was easy to convey was that something about the past ten years had been unsustainable. But the truth—that an entire ideology had been unsustainable—is one that we have not yet grasped. And that is why so many journalists, economists, intellectuals and financiers now scramble to churn out books that for the most part read like the memoirs of people trying to make themselves feel less stupid. The current financial system was constructed to make us all feel stupid, and in the process of building it the architects allowed themselves to become stupid as well. — Philip Mirowski, Never Let a Serious Crisis Go to Waste, 35
Categorization
- SEED: Could be an essay: why crisis retrospectives are self-exculpating memoirs rather than diagnoses of ideological failure.
- corroborated: 3 independent passages support this claim — Philip Mirowski, Never Let a Serious Crisis Go to Waste, 35
- XREF: connects to: Post-crisis orthodoxy rebounded as the left lacked a diagnosis — Philip Mirowski, Never Let a Serious Crisis Go to Waste, 16; Crisis commentary from 2008-10 shared one syllogism, that failure proves neoliberalism dying — Philip Mirowski, Never Let a Serious Crisis Go to Waste, 93; Cognitive dissonance drives economists and neoliberals to treat crisis as reinforcing their beliefs (+4 more)
Broader Connections
- Cognitive dissonance drives economists and neoliberals to treat crisis as reinforcing their beliefs
#corroborates(0.82) - Crisis commentary from 2008-10 shared one syllogism, that failure proves neoliberalism dying
#expands(0.80) — Philip Mirowski, Never Let a Serious Crisis Go to Waste, 93 - The 2008 crisis reinforced rather than refuted neoliberal and orthodox economic doctrine
#corroborates(0.80) — Philip Mirowski, Never Let a Serious Crisis Go to Waste, 100