Posted on 10/14/2019 6:18:09 AM PDT by Mr. Mojo
Economist Paul Krugman, the longtime defender of global free trade and a member of the failed Never Trump movement, now admits that globalization has failed American workers.
In a column for Bloomberg titled What Economists (Including Me) Got Wrong About Globalization, Krugman admits that the economic consensus for free trade that has prevailed for decades has failed to recognize how globalization has skyrocketed inequality for Americas working and middle class workers.
Krugman, though, writes that he and his fellow free trade economists had no way to know that globalization of the American economy or a surge in trade deficits were going to happen, though the anti-globalization movement had warned for years of the harmful impact free trade would have on U.S. workers including Donald Trump.
(Excerpt) Read more at breitbart.com ...
No arguments here.
Rush has been an unabashed Free Trade advocate from the day he hit the airwaves in 1988 until sometime in 2016 when it became undeniable that Donald Trump was going to assume control of the Republican Party.
Back in the day he would belittle other talk hosts like Chuck Harder who were raising alarm bells about globalization. I think Rush put his moistened finger in the wind and determined he’d have to change course or he’d no longer have an audience.
Michael Medved stuck to his anti-Trump positions and his national show disappeared.
Globalization isn't about economics, never was -- it's about destroying democracy and installing a professional class of unelected and unaccountable managers over everyone.
Thanks Mr. Mojo.
The Managerial Revolution:
What Is Happening in the World
by James Burnham
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I enjoyed Chuck Harder and Pat Choate back in the day. They both had the globalization issue down pat.
“Krugman, though, writes that he and his fellow free trade economists had no way to know
Yeah, right. I believe almost anyone could have explained this, including many elected officials of both parties. (That was then, the Dem party did not hate America at that time)
Good analysis, BeauBo.
And get it. It’s merely a talking point to win elections... because there will be no PROMISES KEPT when they get elected.
Consistency is in speak is more important than consistency between speech and action.
Mark Levin and Hugh Hewitt also changed their tune pretty fast once they realized that a Trump Presidency was reality.
Distancing yourself from Trump is a career-ender in Conservative talk radio.
You're right: Thank God for Trump.
Without Trump fighting to keep some of our jobs, Hillary would have created a third world hellhole RIGHT HERE IN THE OLD US OF A.... We would have had a small number of 'elites' and large numbers of hopeless, poor, demoralized Americans. Paul Krugman is still an insensitive jerk...
I wish the misery on him and his that he wanted to inflict on us. Eff him...
And the same goes for Biden's son - who would have traded away every worker in the US to get 'favors' from China... and the other ten thousand losers offspring of our 'elites'... a pox on all of those parasites too...
Except the former is good and the latter is a falsehood.
Trade between cities and nations is almost as old as mankind. It gave Italians pasta. It gave early Americans vital goods.
Then trade became unfairly taxed and we dumped a bunch of tea into Boston Harbor. Not unlike what Trump has been doing.
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