Paul Krugman

@paulkrugman ↗

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Last Checked Aug. 12, 2020

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Tue Jul 30 15:49:30 +0000 2019

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Paul Krugman @paulkrugman

Without this system we wouldn't have achieved the great opening of world markets after World War II — and that opening was a very good thing overall, especially for poor countries, and helped promote peace 6/ — PolitiTweet.org

Posted July 30, 2019 Hibernated

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Paul Krugman @paulkrugman

And while business interests certainly got a lot of input, it was set up in a way that set different groups against each other — exporters versus import-competing industries — and this served the interests of the general public 5/ — PolitiTweet.org

Posted July 30, 2019 Hibernated

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Paul Krugman @paulkrugman

So what has changed? The key point is that the system pretty much achieved its goals; we're a low-tariff world. And that has had a peculiar consequence: these days "trade negotiations" aren't mainly about trade, they're about intellectual property and regulation 7/ — PolitiTweet.org

Posted July 30, 2019 Hibernated