npr.org — Paul Krugman has won the Nobel Prize in economics. The Royal Swedish Academy of Sciences says the Princeton economist won "for his analysis of trade patterns and location of economic activity." Krugman is also a columnist for The New York Times.. Reporter Curt Nickisch talks with Renee Montagne about Krugman's work.
Oct 13, 2008 View in Crawl 4
blackoliveOct 14, 2008
@ KyleGoetzYou're right on Darwin, but the rest of the list is sound. I'll remove darwin & find someone new to add.
Closed AccountOct 14, 2008
We did the same thing to the dairy, coffee and banana industries in Jamaica. It's not about taking down those industries to drive the residents out of the country, though. It's about getting cheap labor. NAFTA was a response to the end of the Cold War. When the Cold War ended we suddenly found a labor pool of two billion workers from India, China and the former Soviet Union that were willing to work for peanuts. It undermined every facet of American industry. The businesses that didn't want to or couldn't outsource to those areas needed sources of cheap labor to remain competitive. NAFTA opened up Mexico as an unskilled labor pool with no EPA regulations and Canada for skilled labor that didn't require an employer investment in health care. Ugly, but that's the way it is.
texanrudeboyOct 14, 2008
So sovereign nations can't conduct trade?
soulgrubOct 15, 2008
Oh right, this crisis is happening because the market isn't free enough.
nickespinosaOct 15, 2008
"NAFTA opened up Mexico as an unskilled labor pool"Yes, and also opened another market to dump our subsidized crops into. Its all about profit. Borders are opened for free trade of goods, and factories, but not for human beings, esentially trapping people with the negative effects of trade, while we enjoy the benefits.
quiqqOct 17, 2008
me loves some KrugmanGLOBALIZE THIS:humanity and its needs = some form of individual sustenance or market system to deliver material caches within the communitydemocratically derived levels of capitalism AND socialism = balance of rewards with protection of individual equities and other interests within the system