Salmond on Trump: Protectionism Makes Everybody Poorer

The transcript discusses economic issues such as austerity, inequality, and protectionism, highlighting the potential negative impacts of protectionism on global trade. It examines Brexit's effects on the UK, particularly London and Scotland, and explores currency dynamics. The discussion also covers Germany's economic reforms and its stance against protectionism, contrasting it with the populist movements in the UK and US.

What is one of the main economic consequences of protectionism according to the transcript?

• It increases international trade.

• It makes everyone wealthier.

• It leads to economic growth.

• It makes everyone poorer.

What is the role of politicians in dealing with populist instincts according to the transcript?

• To encourage populist instincts for economic growth.

• To resist populist instincts for the greater good.

• To ignore populist instincts completely.

• To promote protectionism as a solution.

How has Brexit initially affected London and Scotland according to the discussion?

• It has caused a significant increase in trade.

• It has led to immediate economic growth.

• There has been little to no immediate effect.

• There has been a dramatic economic impact.

What is the German position on labor market reforms and employment?

• Germany has not implemented any labor market reforms.

• Germany has a weak domestic situation.

• Germany's populists are leading in popularity.

• Germany has record employment due to past reforms.

What misconception about trade surpluses is highlighted by Trump advisers?

• Trade surpluses have no impact on the economy.

• Countries with surpluses are cheating in trade deals.

• Trade surpluses are irrelevant to economic discussions.

• Trade surpluses are beneficial for all countries.