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Tue Apr 23, 2019, 11:49 PM

Raw Story article, with VIDEO, of what Krugman said on CNN this evening

https://www.rawstory.com/2019/04/if-youre-not-terrified-youre-not-paying-attention-paul-krugman/


It’s a vast pattern. It’s not some event,” Krugman said.

“You write that it’s very much up in the air whether America as we know it will survive,” Cooper said.

“Institutions depend upon the willingness of people to obey norms, and occasionally to say, okay, ‘this is not how we do things in our country,'” Krugman said. “This didn’t start with Trump there’s been a steady erosion of those norms. This has been building for a long time, and we’re very close to the edge right now.”

“When you say close to the edge, what does that mean to you?” Cooper asked.

“You know, on paper, we’ll stay a democracy, but I worry very much about us sort of Hungary type situation where you have on paper the institutions of democracy. You even hold votes, but the system is rigged, and in fact, it’s become effectively you have a one-party rule,” he said.

“We’re very close. If Trump is re-elected if the Republicans retake control of the House, what are the odds that we will really have a functioning democracy after that?”Krugman said.

“I mean, that’s a pretty terrifying idea,” Cooper said.

“If you’re not terrified, you’re not paying attention,” Krugman said.



Video at the link. The segment with Krugman starts about 4 minutes in.

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Reply Raw Story article, with VIDEO, of what Krugman said on CNN this evening (Original post)
highplainsdem Apr 2019 OP
Prosper Apr 2019 #1
triron Apr 2019 #2
SunSeeker Apr 2019 #3

Response to highplainsdem (Original post)

Wed Apr 24, 2019, 12:16 AM

1. It didn't start with Trump .

From the OP:
“Institutions depend upon the willingness of people to obey norms, and occasionally to say, okay, ‘this is not how we do things in our country,'” Krugman said. “This didn’t start with Trump there’s been a steady erosion of those norms. This has been building for a long time, and we’re very close to the edge right now.”

It started as retribution for FDR. Every conceivable law to make transferring of wealth cheaper, faster and easier for the upper 1% was passed. The crowning achievement of greed was the 2000 Commodities Futures Modernization Act. Unopposed. Krugman is right but who is going to turn it???? Or benign status quo wins. Trump is confusing poverty with surrender. His artificially stimulated tax cut economy is on dangerous ground . Record setting stock prices without reciprocating valuation is an axiom for recession and correction.

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Response to highplainsdem (Original post)

Wed Apr 24, 2019, 01:29 AM

2. Krugman is probably worth listening to.

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Response to highplainsdem (Original post)

Wed Apr 24, 2019, 01:52 AM

3. Krugman genuinely looked scared for our country. nt

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