The Economics Show The Wolf-Krugman Exchange: how the old economic order fell out of favour
31 snips
Jun 11, 2025 
Nobel Prize-winning economist Paul Krugman, a professor and Substack writer, joins Martin Wolf, the Financial Times’ chief economics commentator. They delve into how economic fractures threaten liberal democracies in America and Europe. The discussion navigates rising inequality, the appeal of right-wing populism, and the challenges posed by deindustrialization. Krugman emphasizes the role of government in fostering innovation, while exploring the complex dynamics of economic change and regional identity. An insightful conversation about the shifting economic landscape!
AI Snips
Chapters
Books
Transcript
Episode notes
Wealth, Power, and Ego Clash
- Wealth and power do not guarantee happiness or wisdom, as seen with Elon Musk and Donald Trump.
- Both figures appear driven by ego rather than substantive policy or principles.
U.S. Science at Risk
- U.S. science leadership heavily depends on government funding and foreign talent.
- Current policies slash funding and restrict immigration, harming U.S. scientific preeminence.
Inequality Fuels Polarization
- Rising inequality and economic dislocation have fueled deep social grievances.
- Wealth concentration at the top drives political polarization and radicalization, not just wage stagnation.
