Self-Protectionist Moment: Paul Krugman Protects Himself and the Establishment

by Tom Palley

Self-Protectionist Moment: Paul Krugman Protects Himself and the Establishment

….On one hand, Krugman writes “So the elite case for ever-freer trade is largely a scam, which voters probably sense even if they don’t know exactly what form it’s taking. On the other hand, he writes “In this, as in many other things, Sanders currently benefits from the luxury of irresponsibility: he’s never been anywhere close to the levers of power, so he could take principled-sounding but arguably feckless stances in a way that Clinton couldn’t and can’t.”

Krugman has been a booster of trade and globalization for thirty years: marginally more restrained than other elite economists, but still a booster.

Now, the political establishment has what it wanted and the effects have been disastrous for those not in the top 20 percent of the income distribution…….

About Kristjan

Defitsiidi terrorismi vastase pataljoni eriüksuslane (finantsignorantsuse vastu võitlemise osakond). Treening: MMT, postkeinsism, Tartu Ülikool Majandusteadus
This entry was posted in English. Bookmark the permalink.

Lisa kommentaar

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Muuda )

Twitter picture

You are commenting using your Twitter account. Log Out / Muuda )

Facebook photo

You are commenting using your Facebook account. Log Out / Muuda )

Google+ photo

You are commenting using your Google+ account. Log Out / Muuda )

Connecting to %s