Deindustrialization: Causes and Consequences
Update: 2025-05-24
Description
In this episode, we unpack Paul Krugman’s take on deindustrialization in America. Challenging the popular blame placed on globalization and trade deficits, Krugman argues that the decline in manufacturing is part of a broader economic evolution—not a crisis to be reversed. We explore his case for moving beyond nostalgic policies and focusing instead on real solutions to support today’s workers in a changing economy.
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