Power: "Mr Krugman, how would you handle the situation in Syria? For me it represents a Human Rights Trap."
Krugman: "First off, they are in a grotesque liquidity and capital flight trap. I would try to get all global market participants, both states, private companies, and NGOs, to dump, by heavy governmental subsidies (based on taxes) and incentives, as many goods and financial services of all types, with as few restraints on movements of goods and capital, both in and out of there, as the global market will bear."
Power: "Sounds like you just want to bail Syria out of war. What if those there on the ground try to stop that?"
Krugman: "I recommend that the free market forces of private enterprise be turned loose against those opposing the free movement of heavily subsidized goods and capital through that area."
Power: "Can those subsidized free market forces use any methods they deem appropriate to free up that area for enhanced global trade?"
Krugman: "Yes."
Power: "Do human rights play any part in your calculations regarding appropriateness of methods to free up that global market area?"
Krugman: "Yes. Market participants, public and private, can decide for themselves, based on cost benefit calculations, the extent to which human rights issues, government interference costs and tax costs, figure into the overall global cost benefit, profit loss, taxation cost benefit, calculation processes."
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