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 – Ford and Edison, the anti gold bugs
Fiat Money vs. Gold and why Elon Musk is wrong Steve Keen is a Distinguished Research Fellow, Institute for Strategy, Resilience & Security, UCL Cross-posted from Steve’s website Building A New Economics I guessed that […]
Climate Crisis
Kevin Anderson: A True Paradise. Where are we Heading?
Climate scientist Kevin Anderson warns that continuing on our current path could result in a 3-4°C temperature rise by the end of the century, a catastrophic outcome to be avoided at all costs. He cautions […]
Economics
Quinn Slobodian – Neo-liberal Globalism and the Backlash from Within
Quinn Slobodian’s talk on 13 June in Berlin. We would like to thank Quinn for giving the talk and OXI Blog for making this film possible, not to forget Dustin who does the filming and […]
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