Paul Krugman has seen the enemy, and that enemy is a Communist Viagra salesman. At least, that’s the message conveyed in the esteemed Nobel Prize winner’s Saturday blog post at the New York Times, “The Hacking of Michael Pettis.”
For those who don’t know of him, Michael Pettis is a finance professor at Peking University, and a well-known ‘China bear’ and skeptic. For China critics like Krugman, Pettis and his blog are inspiration. In any event, a few weeks ago Krugman was amused to find Pettis’ blog filled with Viagra ads; on Saturday, amusement turned to alarm when he returned to Pettis’ blog to read that – due to the power of the Viagra hackers – Pettis has been forced to re-build his blog. There are plenty of conclusions to be drawn from Pettis’ blog predicament. Krugman, notably, chooses the most extreme:
“Commenters over there are suspicious — this sounds awfully persistent for Viagra salesmen, and you have to wonder whether someone doesn’t like frank assessments of Chinese economic prospects. And it makes me grateful that this blog is protected by Times firewalls etc., given the stuff that has happened outside that protection — e.g., fake Google plus, Facebook, and Twitter accounts in my name, to cite just the stuff I know about.”
Let’s be clear about what Krugman is implying here: Michael Pettis, noted skeptic of China’s economic prospects, has been transformed into a Viagra sales platform by “someone” who doesn’t like his economic analysis. .Who is that “someone?” Krugman won’t won’t say, but in this age of state-sponsored hacking it shouldn’t be too hard to connect the dots to … the Chinese Communist Party and its platoon of Viagra salesmen?
This is wacky stuff – black helicopters for the well-heeled Nobel Prize set, in a sense. It’s also baseless stuff: when I posted the story to facebook, my friend Rich Brubaker, founder of the Collective Responsibility consultancy, and an adjunct prof at the China European International Business School in Shanghai, left the following comment:
“Pettis’s blog has had this for three years. Started as a result of widespread WordPress event, and all my blogs had same problem. I sent him fix years ago… Clearly he isn’t bothered.”
That’s a reasonable, fact-based explanation, even if it leaves open the possibility of something far more serious. Krugman, if he hopes to avoid becoming a cartoon of himself, would be well-advised to learn from it.
UPDATE: In another facebook comment, Brubaker expands a bit on his communications with Pettis:
“Here is one of the links that I sent him, which describes the core issue that he was facing in 2011 (when I emailed him). I myself had to go through this for 2 blog sites, both WordPress, and a LOT of sties were reporting the same issue at the time. With many being hosted on Media Temple.”
The link Rich shared is here.