“The raw fact is that every successful example of economic development this past century every case of a poor nation that worked its way up to a more or less decent, or at least dramatically better, standard of living has taken place via globalization, that is, by producing for the world market rather than trying for self-sufficiency.” WorldWayTryingSelfFactsPastNationsPoorCasesSuccessfulTakenEconomicCenturyExampleDevelopmentStandardsDecentGlobalizationStandards Of LivingEconomic DevelopmentSelf SufficiencySufficiencyEconomic GlobalizationPoor Nations Author:Paul Krugman
“There is no economic policy. That's really important to say. The general modus operandi of the Bushies is that they don't make policies to deal with problems. They use problems to justify things they wanted to do anyway. So there is no policy to deal with the lack of jobs. There really isn't even a policy to deal with terrorism. It's all about how can we spin what's happening out there to do what we want to do.” WantImportantUseProblemWantedJobsDealsEconomicPolicyHappeningsTerrorismJustifyEconomic PolicyModus Operandi Author:Paul Krugman
“I think if you're a liberal, you believe that we all are, at least to some extent, our brothers' keepers, you really believe that we have a sumptuary responsibility to make sure that life is decent for everybody in America, that you believe that society out to be broadly shared, and you believe that you can't have a real democracy unless you have a little bit, at least, of economic democracy.” IfsThinkingBelieveLittlesRealAmericaLife IsBitsResponsibilityDemocracyEconomicBrotherLittle BitDecentKeepers Author:Paul Krugman
“Something terrible has happened to the soul of the Republican Party. We've gone from bad economic doctrine. We've even gone beyond selfishness and special interests. At this point we're talking about a state of mind that takes positive glee in inflicting further suffering upon the already miserable.” MindSoulStatesSufferingInterestPartyTalkingGoneHappenedEconomicSpecialTerribleRepublicanDoctrineMiserableSelfishnessState Of MindRepublican PartySpecial InterestsGlee Author:Paul Krugman
“When depression economics prevails, the usual rules of economic policy no longer apply: virtue becomes vice, caution is risky and prudence is folly.” VirtueEconomicPolicyEconomicsVicesFollyUsualCautionPrudenceEconomic Policy Author:Paul Krugman
“For most Americans, economic growth is a spectator sport.” SportsGrowthEconomicSpectatorsEconomic Growth Author:Paul Krugman
“On the political as on the economic front it's important not to fall into the "not as bad as" trap. High unemployment isn't O.K. just because it hasn't hit 1933 levels; ominous political trends shouldn’t be dismissed just because there’s no Hitler in sight.” ImportantPoliticalFallLevelsEconomicFrontsSightTrendsTrapsUnemploymentOminous Author:Paul Krugman
“The raw fact is that every successful example of economic development this past century ... has taken place via globalization.” FactsPastBusinessSuccessfulTakenEconomicCenturyExampleDevelopmentGlobalizationEconomic DevelopmentSelf SufficiencyEconomic Globalization Author:Paul Krugman
“In short, it's a great economy if you're a high-level corporate executive or someone who owns a lot of stock. For most other Americans, economic growth is a spectator sport.” IfsSportsGrowthWealthLevelsEconomyEconomicCorporateExecutivesSpectatorsEconomic GrowthHigh Level Author:Paul Krugman
“The economic expansion that began in 2001, while it has been great for corporate profits, has yet to produce any significant gains for ordinary working Americans. And now it looks as if it never will.” IfsLooksHas BeensEnvironmentEconomicProduceOrdinaryGainsProfitSignificantCorporateExpansion Author:Paul Krugman
“If you had to explain America's economic success with one word, that word would be "education".... Until now, the results of educational neglect have been gradual - a slow-motion erosion of America's relative position. But things are about to get much worse, as the economic crisis ... deals a severe blow to education across the board.... We need to wake up and realize that one of the keys to our nation's historic success is now a wasting asset. Education made America great; neglect of education can reverse the process.” IfsNeedsHas BeensMadeWould BeAmericaNationsProcessRealizingResultsDealsEducationEconomicPositionKeysWake UpCrisisBlowEducationalBoardsNeglectAssetsRelativeReverseSevereHistoricOne WordErosionEconomic CrisisSlow MotionEconomic Success Author:Paul Krugman
“Yes, over the centuries economic progress has reduced some gross disparities - modern Americans are relatively unlikely to simply starve to death (though it can happen), so in that sense the gap between rich and poor has narrowed. But the question isn't whether society is, in some sense, more equal than it was in 1900. It's whether it is radically more unequal than it was in 1970. And of course it is.” HappensCoursesJusticePoorRichProgressEconomicModernCenturyEqualSocial JusticeGapsGrossUnlikelyRich And PoorDisparityEconomic Progress Author:Paul Krugman
“Europe is often held up as a cautionary tale, a demonstration that if you try to make the economy less brutal, to take better care of your fellow citizens when they're down on their luck, you end up killing economic progress. But what European experience actually demonstrates is the opposite: social justice and progress can go hand in hand.” IfsTryingEndsHandsCareSocialJusticeEconomyProgressEconomicCitizensEuropeOppositesFellowsSocial JusticeLuckKillingTalesBrutalDemonstrationHand In HandEconomic ProgressCautionary Tales Author:Paul Krugman
