Krugman: “We need to rein markets and neoliberalism”

15 September 2016
120 Views

American economist and Nobel Laureate Paul Krugman is currently in Greece for the 4th Athens Democracy Forum organized under the auspices of the President of the Hellenic Republic Prokopis Pavlopoulos.

“Neoliberalism can mean many things, but if it means letting markets reign without restrains is always the answer then I’m also against neoliberalism” Krugman told the Athens-Macedonia News Agency in an interview.

Krugman explained that he found the Greek President’s speech to be interesting. “A very interesting speech, there were a few themes in there that are dear to my own heart. It is good to see someone talking about the necessity of reining in. We are from market economies but there need to be some ground rules. I was happy to hear it”.

Asked on the austerity imposed, the US economist explained that “as I took it, it was more about the obsession with structural reform which can be a good thing but it is often taken to mean simply remove all restrictions, which is not what you want”.

Finally, commenting on the upcoming US elections, Krugman argued that “the New York Times model says 80 percent Hilary Clinton. I hope that is true. Well, no, I’m not allowed to do endorsements, sorry, but God knows”. The Nobel Laureate further elaborated that “it is frightening that we have a risk of a very, very bad accident right now and I will not be relaxed until the day after”.

You may be interested

Syros: Greek tradition & western influence come to a harmonious marriage
GREECE
shares55 views
GREECE
shares55 views

Syros: Greek tradition & western influence come to a harmonious marriage

Panos - Oct 20, 2017

Ermoúpoli (meaning “the city of Hermes”) is the island’s capital town and has been the first important trade and industrial…

Environment may have partially led to the fall of Queen Cleopatra, research suggests
WORLD
shares60 views
WORLD
shares60 views

Environment may have partially led to the fall of Queen Cleopatra, research suggests

Panos - Oct 20, 2017

Environmental records and historic documents suggest a volcanic eruption could have aided the Romans in victory According to a report…

Greek astronomer in Germany discovers spindle-like galaxies
GREECE
shares58 views
GREECE
shares58 views

Greek astronomer in Germany discovers spindle-like galaxies

Panos - Oct 20, 2017

Athanasia Tatsi is another Greek scientist at the forefront of global scientific research this time in the field of Astronomy.…

Leave a Comment

Your email address will not be published.