There's one thing not happening today which should be. People are not ridiculing Nick Clegg, at least no more so than usual. But they should be, because one part at least of his speech yesterday was downright stupid:
Who suffers most when governments go bust? When they can no longer pay salaries, benefits and pensions? Not the bankers and the hedge fund managers, that’s for sure. No, it would be the poor...
Of course, this is plain wrong. In countries with their own central banks, governments cannot go bust because the central bank can simply print money to buy government debt: this is what QE is. Of course, this might or might not be a bad idea. But Clegg didn't argue this. He just made a prat of himself.
However, my point is not to condemn Clegg; I'll not flog that dead horse. Instead, it's to note that the MSM seem to have ignored this. His speech was reported with the usual post-conference bromides rather than along the lines of "Deputy Prime Minister shows himself to be crass idiot."
There are two things going on here.
First, the Overton window has shifted so far away from rational policy discussion that blatant falsehoods not only do not provoke the derision they deserve, but actually go unchallenged.
Which brings me to what's really troubling about Clegg's remark.Docx claims that postmodernism was a good thing because:
Once you are in the business of challenging the dominant discourse, you are also in the business of giving hitherto marginalised and subordinate groups their voice.
The fact that Clegg can get away with errant nonsense challenges this optimism. In a postmodern world in which all all discourses are equally valid regardless of their truth-value, the claims of the ruling class are not exposed for the lies and imbecilities they are. Postmodernism as it actually exists - that is, with a supine media - thus helps to serve a reactionary function.