Dr. Krugman finds that "Idocracy" was more present-day documentary than satirical futurist speculation:
Krugman Feud With Reinhart-Rogoff Escalates as Austerity DebatedFor those just catching up on this subject, here is a brief summary of Dr. Krugman's debate with the Beltway Insider Club over the last five years:
Nobel laureate Paul Krugman refused to back down in a dispute with Harvard University economists Carmen Reinhart and Kenneth Rogoff over a 2010 paper they wrote that’s been used to justify austerity in the U.S. and Europe.
Reinhart and Rogoff, in a May 25 letter posted on Reinhart’s website, accused Krugman of “spectacularly uncivil behavior” for asserting in an article published in the New York Review of Books that they had withheld data from their research. A day later, Krugman said the two have done little to dispel what he called a misconception generated by their paper -- that economies falter when debt levels exceed 90 percent of gross domestic product.
Nobel Prize-winning Economist Paul Krugman pauses during a Bloomberg Television interview in New York. Photographer: Scott Eells/Bloomberg “If the authors ever made an effort to correct this misconception, or indeed if they have ever even acknowledged that it’s a misconception, it was done very quietly,” Krugman wrote in the May 26 article on the New York Times website. “I’m sorry, but the failure to clear up this misconception has done a great deal of harm.”...
Krugman: Okay, look. You wanna solve this problem. So why don't we just try it, okay, and not worry about what economies crave?"
Entire Beltway Media Consensus: But austerity has what economies crave!
Entire Beltway Media Consensus: It's got Reinhart-Rogoff!
Krugman: What is Reinhart-Rogoff? Do you even know?
Entire Beltway Media Consensus: It's what they use to make austerity.
Krugman: Yeah, but why do they use them to make austerity?
Entire Beltway Media Consensus: Cause austerity's got Reinhart-Rogoff.
UPDATE -- Those with mad science fiction chops and a long memory know that the plot for "Idiocracy" was borrowed almost entirely from "The Marching Morons" by C. M. Kornbluth, which was first published in Galaxy over 60 years ago:
"The Marching Morons" is a science fiction story written by Cyril M. Kornbluth, originally published in Galaxy in April 1951. It was included in The Science Fiction Hall of Fame, Volume Two after being voted one of the best novellas up to 1965.The story is set hundreds of years in the future: the date is 7-B-936. John Barlow, a man from the past put into suspended animation by a freak accident involving a dental drill and anesthesia, is revived in this future. The world seems mad to Barlow until Tinny-Peete explains the Problem of Population: Due to a combination of intelligent people not having children and excessive breeding by less intelligent people, the world is full of morons, with the exception of an elite few who work slavishly to keep order. Barlow, who was a shrewd real estate con man in his day, has a solution to sell to the elite, in exchange for being made World Dictator.