https://paulkrugman.substack.com/p/a-globalist-comeback
A Globalist Comeback? - Hints of a business break with MAGA
 |
| Paul Krugman |
Okay, that’s a lie. That wasn’t what the article was titled, but it was, in effect, what it said. (..)
So what did Dimon call for? Well, he basically said, we need to repair the Western alliance. We need to bring the Western world, the advanced democracies, above all the United States and Europe, back together in part as a way to stand up against the threat of a rising China. And his proposal for how to do that was to negotiate a free trade agreement between the United States and the European Union. (..)
(..) free trade agreements can be a way of not just enhancing trade, which is important, but maybe not as important as economists would like to think. But they can also be a way of binding countries closer together. They can be a gesture of alliance. And Dimon obviously thinks that this is possible, or at least thinks that it might be possible — close enough to being something that would really be on the table, that it’s worth making a case for it, and that it’s worth positioning himself and his institution for a post-MAGA era. And as I said, Dimon is a smart guy with a very, very good political judgment.
So that op-ed was one of the most encouraging things I’ve seen in months. (..) [Destaque Avebarna]
2026-10-03
