KRUGMAN: Trump is going to bring about 'an era of corrupt governance unprecedented in US history'
(Paul KrugmanNeilson Barnard/Getty Images) Paul Krugman, the Nobel-winning economist and New York Times columnist, once again took to Twitter on Monday to express his discontent with the future Donald Trump administration.
In a series of tweets, Krugman decried the possibility of corruption within the Trump administration, particularly in regard to Trump’s massive proposed infrastructure plan and foreign policy.
“We’re about to enter, or may already have entered, an era of corrupt governance unprecedented in US history,” Krugman tweeted on Monday.
Krugman suggested he believes that the public-private co-investment strategy of Trump’s proposed $550 billion infrastructure package would allow the president-elect to give favorable contracts to associates or even his own companies. Krugman wrote that Trump’s family could take $10 billion “skimmed off the top” without anyone noticing.
“Expect to see lots of privatization and a general shift from transparent to murky so that favors can be traded,” Krugman wrote.
Trump has already prompted questions about his business dealings and family as he transitions into the presidency. Presidents typically put their private business interests in a blind trust during their terms. Trump has said that his business interests would be shifted to his children.
Additionally, Krugman said the president-elect’s foreign policy would be tilted toward authoritarian governments that could trade favors with Trump.
“And think about the pro-tyrant bias of foreign policy,” Krugman wrote.
“Democratic regimes — say, in Europe — are by their own rules unable to offer de-facto personal bribes to the US president,” he continued. “Putin’s Russia or, for that matter, Xi’s China, will be fine with sending huge business to the profiteer-in-chief. And that will cause a tilt of US policy toward authoritarian regimes.”