Krugman, Fable 5, and Europe in Decline?

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× On May 21, 2026, Paul Krugman concluded a long argument that Europe was not really in economic decline. He made one exception. Europe, he wrote, “can’t be sure that it will always have access to new technologies developed and produced in the other superpowers.” He added that “the risk of being cut off from strategically important technologies, once minimal, is now very…

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