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This is the Tom Hartman program.

Paul Kruban has a fascinating piece in the New York Times title will put and kill the global

economy. And basically what he's talking about is that what we are watching right now is the

unwinding of 40 years of neoliberal free trade policy. And the reason why it's going to

unwind even more rapidly than it has so far is not just because Russia is being pushed out of the

free trade sphere because we don't buy much stuff from Russia anyway outside of a little bit of

petroleum. But because business people around the world are suddenly realizing that this thing

that was sold to us back, you know, by George Herbert Walker Bush with NAFTA and GAT, the WTO

and all this stuff, and the Democrats bought into as well back in the 90s, that this stuff that

was sold to us isn't all that safe and reliable when it's being run by authoritarian countries.

Now obviously case in point Russia, one of the things that Paul Kruban points out in his article

is that there's this crisis in Ukraine where the country is literally being torn apart and

shelled to death and people are being murdered by Russians. That is causing a flight of capital

out of China. Now why would that be? Well, because American companies are going, okay, this is

why it happens in authoritarian countries. You can't predict what's going to happen. People do

...