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
Renegade Inc – Sunset on the West? with Lee Jones and Mitch Feierstein
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Economics
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Inequality
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12 February 2025 The material needs of working class people in America continue to be obscured and co-opted by politicians and people claiming to know what’s best on both sides of the political aisle. While […]
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