Summers evaded serious banking reform questions by invoking socialism

Evidence

Unlike Gordon Brown, Mr. Summers portrayed himself in the role of a Chinese mandarin tired at the world daring to challenge his mandate from heaven. For example, when the irrepressible Yves Smith asked Larry Summers about whether banking risks in the United States could not be helpfully diminished if its large institutions were run (read: compensated at the top) more like utility companies, he immediately aborted any effort at an intellectually honest answer by making it sound as if she were proposing to bring state socialism to banking. — Philip Mirowski, Never Let a Serious Crisis Go to Waste, 14

Categorization

• XREF: Connects to the reader’s theme of how the ‘thought collective’ survives crisis through patronizing deflection of outsiders’ questions — echoes STS/Science Wars dynamics. — connects to: Summers avoided substantive accountability for his role in the crisis — Philip Mirowski, Never Let a Serious Crisis Go to Waste, 2108