Donald Trump is pushing ahead with his protectionist agenda, and possibly with good reason. There were over 17 million manufacturing jobs in the US in 2000, in the 10 years that followed, China joined the WTO and the US lost about a third of those jobs. In this edition of the Debunking Economics podcast Phil Dobbie asks Steve Keen whether protectionism is valid in this day and age. What of the conventional philosophy that trying to do everything locally avoids economies of scale and pushes prices up for everyone? Steve’s argument, you need a complex economy to produce efficiency and innovation. It’s the lack of protectionism that has stymied growth in many economies. But there are exceptions, especially for an Elon Musk fan boy like Steve!
Economics
Steve Keen – Does Modern Monetary Theory make sense?
Steve Keen takes a critical look at Monetary Monetary Theory.
Climate Crisis
Steve Keen: What economists get wrong about climate change
Leading us towards another crisis Read here
Economics
Branko Milanović – If Capitalism Is Our Future, What Will It Look Like?
Starts somewhat later, but there is no way to fast forward Capitalism works, says economist Branko Milanovic, but it comes with a price. We look at new models of capitalism that can break the cycles […]
Be the first to comment