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Thursday, October 29, 2026Oct 29

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Krugman: Attack of the fanatical centrists

Former Starbucks CEO Howard Schultz shakes hands after speaking Thursday at an event to promote his book, "From the Ground Up," in Seattle. Schultz has faced a rocky reception since he announced earlier in January that he's considering an independent presidential bid. (AP Photo/Ted S. Warren)
Former Starbucks CEO Howard Schultz shakes hands after speaking Thursday at an event to promote his book, "From the Ground Up," in Seattle. Schultz has faced a rocky reception since he announced earlier in January that he's considering an independent presidential bid. (AP Photo/Ted S. Warren) Former Starbucks CEO Howard Schultz shakes hands after speaking Thursday at an event to promote his book, "From the Ground Up," in Seattle. Schultz has faced a rocky reception since he announced earlier in January that he's considering an independent presidential bid. (AP Photo/Ted S. Warren)

Why is American politics so dysfunctional? Whatever the deeper roots of our distress, the proximate cause is ideological extremism: Powerful factions are committed to false views of the world, regardless of the evidence.

Notice that I said factions, plural. There’s no question that the most disruptive, dangerous extremists are on the right. But there’s another faction whose obsessions and refusal to face reality have also done a great deal of harm.

But I’m not talking about the left. Radical leftists are virtually nonexistent in American politics; can you think of any prominent figure who wants us to move to the left of, say, Denmark? No, I’m talking about fanatical centrists.

Over the past few days we’ve been treated to the ludicrous yet potentially destructive spectacle of Howard Schultz, the Starbucks billionaire, insisting that he’s the president we need despite his demonstrable policy ignorance. Schultz obviously thinks he knows a lot of things that just aren’t so. Yet his delusions of knowledge aren’t that special. For the most part, they follow conventional centrist doctrine.

First, there’s the obsession with public debt. This obsession might have made some sense back in 2010, when some feared a Greek-style crisis, although even then I could have told you that such fears were misplaced. In fact, I did.