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…….

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About Kristjan

Defitsiidi terrorismi vastase pataljoni eriüksuslane (finantsignorantsuse vastu võitlemise osakond). Treening: MMT, postkeinsism, Tartu Ülikool Majandusteadus
Rubriigid: English. Salvesta püsiviide oma järjehoidjasse.

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