this post was submitted on 09 Dec 2025
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Has this dude never heard of the tobacco, alcohol or gun Industry ?
He's talking about commercial heroin like it's some outlandish and unthinkable idea that a harmful thing would become a billion dollar industry
He's deliberately making the point accessible because he's writing for all levels of readers, including Americans.
He won the nobel prize for economics and was one of the few sane voices during the great recession.
There is no nobel prize for economics. It's an even phonier prize made up by bankers. Even if there were an actual nobel, that's no reason for believing anybody's opinions far outside their realm of expertise (eg. krugman here).
More importantly krugman has been consistently liberal trash since forever.