ECONOMICS KRUGMAN PIKETTY SAMUELSON CHICAGO SCHOOL FRIEDMAN SYLLOGISM

I.  Nationalist capitalism leads to patrimonial capitalism.
II. Globalization solves away monopolistic nationalist patrimonial capitalism.
BUT:
III. Globalization leads to global patrimonial capitalism.
SOLUTION:
IV. More free trade, please. (Brooks, Friedman)

Free trade: carrot.
Sanctions: stick.