In 'Arguing with Zombies: Economics, Politics, and the Fight for a Better Future', Paul Krugman challenges the existing paradigms in economics and politics by debunking the so-called "zombie ideas". These are ideas that, despite being disproven by evidence, continue to influence policy and public opinion. One such idea is the privatization of social security, which Krugman argues against. He points out that privatization would lead to a significant percentage of worker contributions being lost to investment company fees and could leave many retirees in poverty. Thus, he advocates for a stable, guaranteed income for retirees, challenging the paradigm of privatization.
“Zombie ideas” simply refuse to die despite mountains of evidence to disprove them. How do you fight...
View summary