Krugman: Plutocrats Feeling Persecuted

Paul Krugman: Robert Benmosche, the chief executive of the American International Group, said something stupid the other day. And we should be glad, because his comments help highlight an important but rarely discussed cost of extreme income inequality -- namely, the rise of a small but powerful group of what can only be called sociopaths. For those who don't recall, A.I.G. is a giant insurance company that played a crucial role in creating the global economic crisis, exploiting loopholes in financial regulation to sell vast numbers of debt guarantees that it had no way to honor.

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