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He insisted an incoming Labour government should embark on a massive process of nationalisation, remove controls on trades unions, withdraw from the EEC and abolish the House of Lords.
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Talk of nationalisation or unilateralism seemed crazy.
Mr Krugman seems to be strongly in favour of nationalisation.
Drip-feeding equity as needed avoids the appearance of nationalisation.
It also helps ward off the threat of nationalisation.
It may not be imminent or desirable but the threat of nationalisation is looming ever larger.
The threat of nationalisation has receded, reinvigorating the banks' share prices.
Willem Buiter is among those warning of the danger of nationalisation of all major British banks.
But as Mr Johnson says, it's not clear that the threat of nationalisation is credible.
MPs had only four hours to debate the principle of nationalisation.
But it also could have made the prospect of nationalisation a self-fulfilling prophecy.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com