KRUGMAN! The Decline and Fall of the Davos Democrats [View all]

[kpete]

TPP’s Democratic supporters thought they could dictate to their party like it’s 1999. They can’t.

................The last stand of the Davos Democrats.

If you talk to administration officials — or at least if I talk to them (they may be telling me what they think I want to hear) — they offer a fairly sophisticated defense of this deal. It’s about geopolitics, they say — America has to be in the game here lest others (obviously including China) supplant our influence; meanwhile, they argue that the troubling aspects of the deal aren’t as troubling as they sound (they make a decent case on dispute settlement, less so on intellectual property). And they argue that the deal would actually improve labor protections in poor countries.

I’m not fully convinced, but this is a reasonable discussion.

But the overall selling of TPP, to some extent by the administration and much more so by its business allies, has been nothing like this. Instead, it has been all lectures from Those Who Know How the Global Economy Works — the kind of people who go to Davos and participate in earnest panels on the skills gap and the case for putting Alan Simpson in charge of everything — to the ignorant hippies who don’t. You know, ignorant hippies like Joseph Stiglitz and Elizabeth Warren.



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http://krugman.blogs.nytimes.com/2015/06/13/decline-and-fall-of-the-davos-democrats/?module=BlogPost-Title&version=Blog%20Main&contentCollection=Opinion&action=Click&pgtype=Blogs%C2%AEion=Body&_r=0