Paul Krugman Weighs In on the Politics of Trade

The transcript discusses the unexpected prominence of trade in political campaigns, despite its longstanding economic impacts. It highlights the symbolic nature of trade issues for the white working class and examines geopolitical arguments for trade agreements like the TPP. The discussion also covers the real threats to jobs from technology and economic changes, rather than trade alone, and how these issues are leveraged politically.

Why has trade become a significant political issue despite its longstanding economic impacts?

• Because world trade is rapidly increasing

• Because of recent increases in manufacturing jobs

• Due to new trade agreements being signed

• Due to the symbolic nature of trade for white working class anxiety

What is the main argument against using geopolitics to justify trade agreements like the TPP?

• Geopolitical arguments are always invalid

• Economic benefits should be the primary justification

• Geopolitical arguments are too complex

• The TPP has no geopolitical impact

What is a major cause of job disruption and loss of premiums for professions?

• Technological advancements

• Rising import tariffs

• Increased unionization

• Trade agreements

What is often blamed for the decline of working-class incomes?

• Increased foreign investments

• The destruction of the Union movement

• Higher education costs

• Rising healthcare expenses

Why might politicians focus on trade as a cause of economic problems?

• Trade is the only cause of economic issues

• It is easy to explain and politically appealing

• Trade impacts are well understood by the public

• Trade agreements are simple to renegotiate