Let’s Banish Larry Summers

Let’s Banish Larry Summers

Yesterday, the Washington Post‘s excellent Sunday Outlook section featured a “Spring Cleaning Special” in which ten writers were given the chance to make the case for something that deserves to be thrown out this spring.

Slate columnist Farhad Manjoo argues for television’s demise. Reporter Thomas Ricks calls for shutting down West Point. Blogger Ana Marie Cox insists we should put the White House press corps out to pasture, and author and Nation columnist Naomi Klein says we should banish Barack Obama’s chief economic adviser Larry Summers from public life.

Klein’s argument is that Summers is the embodiment of an often overlooked cause of the global financial crisis: Brain Bubbles. This is “the process wherein the intelligence of an inarguably intelligent person is inflated and valued beyond all reason, creating a dangerous accumulation of unhedged risk.” Especially in the case of someone like Summers, who, as Klein rightly points out, “has been spectacularly wrong again and again.”

Copy Link
Facebook
X (Twitter)
Bluesky
Pocket
Email

Yesterday, the Washington Post‘s excellent Sunday Outlook section featured a “Spring Cleaning Special” in which ten writers were given the chance to make the case for something that deserves to be thrown out this spring.

Slate columnist Farhad Manjoo argues for television’s demise. Reporter Thomas Ricks calls for shutting down West Point. Blogger Ana Marie Cox insists we should put the White House press corps out to pasture, and author and Nation columnist Naomi Klein says we should banish Barack Obama’s chief economic adviser Larry Summers from public life.

Klein’s argument is that Summers is the embodiment of an often overlooked cause of the global financial crisis: Brain Bubbles. This is “the process wherein the intelligence of an inarguably intelligent person is inflated and valued beyond all reason, creating a dangerous accumulation of unhedged risk.” Especially in the case of someone like Summers, who, as Klein rightly points out, “has been spectacularly wrong again and again.”

Read the piece here.

Then tell the Washington Post which of the ten things on offer you think should be tossed first. I just voted and the results are showing a strong consensus around Klein’s choice.

As Klein writes at the Common Dreams website, “You never voted for him anyway. In fact, chances are that you voted for a presidential candidate promising to reverse the elites-first economics that Larry Summers — the ultimate Brain Bubble — has championed his entire career.”

So add your voice and vote out Summers here. It’d be a nice symbolic victory and, who knows, maybe Obama reads the WashingtonPost.com.

PS: If you happen to have time on your hands and want to follow me on Twitter — a micro-blog — click here. You’ll find (slightly) more personal posts, breaking news and lots of links.

Hold the powerful to account by supporting The Nation

The chaos and cruelty of the Trump administration reaches new lows each week.

Trump’s catastrophic “Liberation Day” has wreaked havoc on the world economy and set up yet another constitutional crisis at home. Plainclothes officers continue to abduct university students off the streets. So-called “enemy aliens” are flown abroad to a mega prison against the orders of the courts. And Signalgate promises to be the first of many incompetence scandals that expose the brutal violence at the core of the American empire.

At a time when elite universities, powerful law firms, and influential media outlets are capitulating to Trump’s intimidation, The Nation is more determined than ever before to hold the powerful to account.

In just the last month, we’ve published reporting on how Trump outsources his mass deportation agenda to other countries, exposed the administration’s appeal to obscure laws to carry out its repressive agenda, and amplified the voices of brave student activists targeted by universities.

We also continue to tell the stories of those who fight back against Trump and Musk, whether on the streets in growing protest movements, in town halls across the country, or in critical state elections—like Wisconsin’s recent state Supreme Court race—that provide a model for resisting Trumpism and prove that Musk can’t buy our democracy.

This is the journalism that matters in 2025. But we can’t do this without you. As a reader-supported publication, we rely on the support of generous donors. Please, help make our essential independent journalism possible with a donation today.

In solidarity,

The Editors

The Nation

Ad Policy
x