Krugman's Harshest Post Yet

[cthulu2016]

39. It would not surprise me if he had

In fact, he probably did. Krugman was a major free trade advocate in the 90s because the economics is so compelling that it will benefit both economies.

(Ironically, his Nobel prize is for his international-trade work)

He has, however, acknowledged in the last few years that there are deleterious effects that should theoretically be self-diminishing, but are not. So he is now kind of a free-trade agnostic... case-specific.

Speaking for itself here... do we know that America hasn't gained from free trade? Americans have lost out but I don't know that the American economy in aggregate hasn't gained. Rich people are a lot richer than they used to be, right?

If inequality increased while the pie was growing who (except the very rich) would know the pie wasn't shrinking?

Any inequality in America is as much a political problem as an economic problem. I can't blame Chinese workers for our tax rates, for instance.

I honestly don't know the net answers there.