The Wolf-Krugman Exchange: America vs. the world

狼-克鲁格曼对话:美国与世界

The Economics Show

2025-12-10

41 分钟
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The US last week released its new national security strategy – and it wasn’t good news for Europe. The document, which sets out US foreign policy priorities, blasted Europe for undermining “political liberty and sovereignty”, de-emphasised the threat from Russia, reframed America’s competition with China and put influence over the western hemisphere at the top of the US agenda. In this episode, FT chief economics commentator Martin Wolf and Nobel laureate Paul Krugman discuss what the impact of this new US strategy may be. How should Europe react to this sharp turn from its strongest historical ally? And is Trump handing China the world on a silver platter? Email any questions for Martin and Paul to economics.show@ft.com Subscribe and listen to this series of The Economics Show on Apple Podcasts, Spotify, Pocket Casts or wherever you listen to podcasts.  Read Martin’s column here  Subscribe to Paul’s Substack here Find Paul’s cultural coda here. Find Martin’s cultural coda here. Produced by Mischa Frankl-Duval. Manuela Saragosa is the executive producer. Tom Hannen is the video editor. Sound design by Breen Turner. Original music by Breen Turner. Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.
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  • Paul, good to see and talk to you again.

  • Good to see you too, Martin.

  • So according to a new national security strategy document released by the White House last week,

  • I appear to be living on a continent that faces civilizational erasure.

  • I must say, it doesn't feel like that.

  • Yeah,

  • the same document says that we're going to help Europe correct its current trajectory by helping,

  • among other things, patriotic parties.

  • which I think basically means parties like Germany's AFD.

  • Well, the help that is being offered certainly makes me nervous.

  • So there's no question, there's a lot to break down in our discussion today.

  • So let's crack on.

  • Hello, I'm Martin Wolf, chief economics commentator at the Financial Times.

  • And I'm Paul Krugman, professor at the City University of New York,

  • and now an independent newsletter writer on Substack.