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Krugman: Unions Ward Off 'Gilded Age' Politics

Complete video at: Economist Paul Krugman draws a correlation between the strength of unionized workers and the status of the middle class. "Unions ... are the only organized counterweight to the power of big money," argues Krugman. He highlights how the current assault on collective bargaining in Wisconsin is increasing enthusiasm for the Democratic base. ----- Professor and journalist Peter Beinart talks with Paul Krugman, New York Times columnist and a Nobel Laureate in Economics. This program was recorded in collaboration with the City University of New York, on April 6, 2011. Paul Krugman is Professor of Economics and International Affairs at the Woodrow Wilson School of Public and International Affairs, at Princeton University, and an Op-Ed columnist for the Times. His numerous books include "The Great Unraveling," "The Conscience of a Liberal," and "The Return of Depression Economics," an updated edition of which was published in 2009. For his contributions to New Trade Theory, he received the 2008 Nobel Memorial Prize in Economic Sciences.
Length: 01:25


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