Krugman won a Nobel prize? Lmao
No, just the economics wanna-be Nobel prize
Peter Nobel describes the Bank of Sweden Prize in Economic Sciences in Memory of Alfred Nobel as a “false Nobel prize” that dishonours his relative Alfred Nobel, after whom the prize is named, and considers economics to be a pseudoscience.
Not to be confused with the “joke nobel”, the one that was once awarded to Kissinger.
Traditional theory builds on the idea that countries differ in resources like capital and labour, thereby explaining why poor countries export agricultural products and import industrial goods from richer countries. But traditional theory does not explain why, in reality, world trade is dominated by rich countries trading similar goods with each other. For instance, a country like Sweden exports Volvo and SAAB cars but also imports BMW and Toyota cars.
there’s some interesting work to be done to understand why krugman was given a nobel prize, from a marxist-leninist viewpoint. his work ultimately serves to justify imperialism, to provide a naturalistic explanation for the disparity between rich and poor countries, and thereby obfuscating the role that neocolonial violence plays in suppressing wages and extracting resources for the benefit of the imperial core. and that the nobel prize committee serves to glorify and reinforce this practice for aspiring economists, as a means of ensuring their loyalty to the regime’s ideology and stamping out heresy by withholding their imprimatur.
his award lays bare the farce that is the nobel prize. lmao indeed.
We did it. The price of food went from “not cheap” to “holy shit” and its still at “holy shit”. We won.
Now everybody needs to stop asking for those fucking raises.
i saw the smallest boxes of the same type of cereal i used to eat as a kid at the grocery store today. $3.99 for a 7.9 oz box of count chocula which was on sale. Pretty sure when I was a kid the boxes were at least twice that size, probably more, and were cheaper by at least $1
Wow, great news for off-grid homesteaders living in the middle of fucking nowhere and literally no one else
Economists are the high priests of capital
as long as you don’t need food, protection from the elements, or warmth, Bidenomics works for you.
pile of currency begins cheering
The US is just the UK if it was Tories vs the BNP.
Dems are literally pulling the Tory trick of telling the dumb poors that everything is actually going well, and they’re just too stupid to realize. Sure, they have to take one for the team and learn to live in austerity, but when the poors have stuff, the economy will implode.
![[Not the Onion] Nobel Prize winning economist says Bidenomics is working if you exclude food, energy, shelter, and used cars.(hexbear.net)](https://hexbear.net/pictrs/image/056e2b2f-c3f7-43b4-84ae-511a72338a87.png){kind=link}