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Tag: Joseph Stiglitz


1 Percent ‘Literally Rich Beyond Measure’

Wealth hidden by tax shelters and non-responses to questionnaires is so undercounted that “correcting for similar lapses in income data almost erases progress made from 1988 to 2008 in narrowing the gap between the world’s rich and poor,” Bloomberg contributor Jeanna Smialek reports that a body of research has found.

Posted on Aug 7, 2014 READ MORE



kardboard604 (CC BY-NC 2.0)

GOP Food Stamp Cuts Help the Rich, Hurt the Poor and Starve the Economy

As part of the New York Times series on “The Great Divide,” Nobel Prize-winning economist Joseph Stiglitz dives into the pernicious link between campaign money, farm subsidies and starving Americans. It doesn’t speak well of us as a nation, or a political system.

Posted on Nov 19, 2013 READ MORE


Controlling the International Flow of Money

“For the past 35 years, the world’s largest financial institutions and most Western governments have worked to strip away all obstacles to the free flow of money from country to country,” and the results have been disastrous, the New Economics Foundation reports.

Posted on Feb 2, 2013 READ MORE



Abhisit Vejjajiva (CC BY 2.0)

Mitt Romney: ‘Tax Avoider on a Grand Scale’

Joseph Stiglitz, “one of the few members of the economics profession committed to scientific empiricism, not ideology or servitude to the rich,” as one reader put it, writes that the habit of tax avoidance typical of Mitt Romney’s class makes it difficult to publicly fund things like education, technology, and infrastructure, upon which modern economies depend to flourish.

Posted on Sep 4, 2012 READ MORE



woodleywonderworks (CC-BY)

This Billionaire Likes to Tinker With Government

The Wall Street Journal recently profiled Nicolas Berggruen, a billionaire who has apparently become fascinated with political gridlock and enamored with the smoke-filled room. What makes Berggruen interesting is his ability to summon personalities such as Arnold Schwarzenegger, Joseph Stiglitz, Tony Blair and Condoleezza Rice. (more)

Posted on Oct 2, 2011 READ MORE



Jackie (CC-BY)

‘The Price of 9/11’

Joseph Stiglitz, the Nobel Prize-winning economist who, along with Linda Bilmes, once calculated the staggering cost of America’s wars, takes a look at the “mostly avoidable” economic devastation we imposed on ourselves in reaction to the terrorist attacks a decade ago.

Posted on Sep 5, 2011 READ MORE



democracynow.org

Truthdigger of the Week: Joseph Stiglitz

This week we tip our hat to Nobel Prize-winning economist Joseph Stiglitz, who once helped calculate the true cost of the Iraq War, and more recently has been calling attention to the radical redistribution of wealth from middle- and working-class Americans to the richest among us.

Posted on Apr 8, 2011 READ MORE


Joseph Stiglitz on the Budget and ‘the 1%’

Nobel Prize-winning economist Joseph Stiglitz was Amy Goodman’s timely guest on “Democracy Now!” on Thursday, giving his much-needed perspective on the proposed 2012 budget and his must-read Vanity Fair article, “Of the 1%, by the 1%, for the 1%.”

Posted on Apr 7, 2011 READ MORE



AP / Jason DeCrow

The Peasants Need Pitchforks

The delusion of a classless America in which opportunity is equally distributed is the most effective deception perpetrated by the moneyed elite that controls all the key levers of power in what passes for our democracy.

Posted on Apr 6, 2011 READ MORE


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