Paul Krugman

You know, if you have a community that is based around an industry that ceases to exist because it's either because of globalization, which is what mostly is the focus, but also just technology or even changes in taste.

So, I mean, I like to talk about the detachable collar and cuff industry of Troy, New York, right?

That just went away, right?

And when it does, you can have a safety net that ensures that nobody starves or goes without health care.

Maybe not in America, you can't, but anyway.

But you can't restore the community and you can't restore necessarily the dignity.

And that's, I don't have an answer for that.

I mean, you do what you can, but we are going to be seeing a lot.

I just want to key in on one point you said.

The technology may not, we may not be at a point

where it replaces people of exceptional creativity or whatever, but it does enhance their reach.

Yeah, absolutely.

And we've been seeing that for quite a while.

I mean, I still have some ties in academia, which is a poor model, but I think it may have something to do with, I think it's also true in things like the legal profession, which is that the very top people can actually do a lot better

can basically cover a lot more bases because of technology and which actually makes things more hierarchical.

I mean, I used to joke about a couple of fields that I followed that we were now at a stage where there were only three people in the top 10.

And that's a, again, it's an unequalizing effect of the technology to which I have no answer.

Yeah, it is a general drag on growth.

Now, a little bit funny, the whole, you know, tariffs on everything.

push.