Nobel Laureate Deaton on Globalization, Inequality

The transcript covers discussions from a G7 meeting, focusing on global trade, inequality, and the decline of American manufacturing jobs due to globalization and technological change. It examines the impact of President Trump's policies, particularly his tax plan, on US economic growth and job creation. The conversation also highlights the challenges faced by the white working class and the need for healthcare reform to improve US competitiveness.

What are the two main factors contributing to the decline in American manufacturing jobs?

• High corporate taxes and regulations

• Increased tariffs and trade wars

• Lack of skilled labor and education

• Globalization and technological change

Which group is mentioned as being partially responsible for electing President Trump?

• Urban professionals

• White working class

• Immigrant communities

• Young millennials

What is the critique of President Trump's tax plan according to the speaker?

• It will increase foreign investments in the US

• It will significantly reduce the national debt

• It is massively redistributive and unlikely to boost growth

• It will create more jobs in the technology sector

What healthcare system does the speaker advocate for to improve American competitiveness?

• Single-payer healthcare

• Private insurance-based system

• Employer-sponsored healthcare

• Health savings accounts

What is the speaker's view on the Laffer Curve in relation to tax cuts?

• It is the best approach for economic growth

• It is irrelevant to current economic policies

• It is not effective in stimulating the economy

• It is a proven method to increase revenue