If it was "of the 1%" that would be great. He meant to say "(rule) "of the 99% by the 1% for the 1%" - so when is he going to call for debt repudiation - debt-free national currency - and social credit ("helicopter") distribution of all new money exclusively to the household sector on a regular basis. Stiglitz becomes savior of the day as soon as he violates the constraint of the usury system -- where all of our purchasing power is loans and all loans must be paid back plus compound interest
WAKE-UP !D,NOW!THINK ABOUT BIG PICTURE !ITS NOT DEM OR REPS!ITS BIG GOVERNANCE OBAMAS BERNANKES CO X SMALL GOVERNANCE RON PAUL!!AGAINST CDS &FINANCIAL SPECULATORS!
I agree with Stiglitz on everything he said. Fuck Wall Street bankers, bailouts, corporate welfare. What I don't understand is his inability to even admit that the government played a huge role in the housing crisis with forced lending to underqualified borrowers, the Federal reserve's low interest rates and after the crisis secret bailouts; Congress's TARP, another bailout.
Stiglitz is correct...we are moving toward a neofeudalism. A small number (1%) of rich people living in mansions (like kings, queens, princes, princesses, barons, dukes, earls....etc) own everything and the rest of the people (99%) will live in cold, wet mud huts...back to the middle ages and New Somalia (USA).
the founding fathers had one worry - how to prevent the tyrrany of royalty from rising again? they knew tyranny was a natural outcome without checks and balances. and now we are threatened by the tyranny of the 0.1% of economic royalists like the Kochs and the Waltons. And the supposed patriots of Murdoch's propaganda channel are encouraging it all the way, protecting the super wealthy with tax cuts like they are as endangered as spotted owls, like Buffet said.
Joesph Stiglitz, I've read your books. You're no economist, you're a socialist who disguises socialist ideas in the guise of being economics. You don't talk about individuals meeting their needs like real economists do, you talk about groups of people and what's best for them... aka socialism. If you're going to advocate socialism, why disguise it?
Real arguments of economics do NOT engage in class warfare. It's all about consumers, producers, workers, investors, etc... not rich, poor, etc.
@DOHC2L Why don't you dispute the facts - the statistics on distribution of wealth, the decline of the middle class, and such? If Stiglitz is presenting untrue facts, prove it. But don't go around slinging stupid labels.
@DOHC2L and who are you to judge Joe Stiglitz? What do you really know about socialism? Can't you see that neoclassical economics have failed and proved to be wrong so many times? I think there is a middle way between these theories but because of people like you, the debates over them won't bring any results. How is that if someone criticises your beloved neoclassical equations, he must be a socialist? Grab this book again, and read it more carefully!
This, of course, is because the USA is neither a Democracy nor a Republic, but rather it is clearly a CORPORATOCRACY. A government run by the CORPORATIONS which have also been recently fully given "citizenship" and all the rights of citizenship that entails, such as voting. They ensure that Corporate citizens do not pay taxes, and have the freedom to not pay to export jobs overseas, or pay to import the products that are manufactured overseas.
(cont)... Corporate Citizenship benefit the Wealthiest 1% of the few who own the corporations without the wealthy suffering from any detriment caused by their corporations, and still able to give themselves EXTREME Bonuses and Bailouts paid for by those who actually DO pay taxes.
No need for modern new words like 'CORPORATOCRACY', western political thought has much older and much more accurate word PLUTOCRACY... and OLIGARCHY comes to mind, fuck it... corporatocracy is acctually fascism by it's proper definiton, the unity between state and private capital
Without the Fed absorbing the financial crisis, each and every one of us would be denied more of our own money. For the Fed to take on debt, that allows taxpayers to pay less in taxes. It must balance. If you don't understand that simple equation, please take a basic economics course or read a good textbook.
How to get idiots to stop voting against their own class interests?→Registration cards, handed out at birth, that tell you whether you are of "peasant," "proletariat" (which subsumes the "professional" or "middle" class), or "ruling" class→Voting against your own interests is permitted, but only after providing a detailed (and sound) explanation of why you wish to do so.
Freedom and Democracy now means all rights go to the top 1% of the population. The bottom 95% of the population are just livestock to be managed as efficiently as possible. Just keep telling yourself its freedom?
The reason these provisions exist (allowing speculators to pay low tax rates) is because they bought Washington! There is nothing your average Joe can do at this point.
That's a complete lie. It the same game of words they have played for decades. The say they're going to do something to get elected and then, when it is not done, they blame it on the Democrats and vice-versa. What has Obama banana done so far from all the things he promised?. Not a single f* thing!!. International bankers and corporations own this country, not the people. Not until we fire ALL corrupted traitor politicians from government and put real ones, we'll take our country back.
"budget proposal for 2012 that cuts 5.8 trillion dollars over next decade" very correct lie
syalcin123 2 weeks ago
If it was "of the 1%" that would be great. He meant to say "(rule) "of the 99% by the 1% for the 1%" - so when is he going to call for debt repudiation - debt-free national currency - and social credit ("helicopter") distribution of all new money exclusively to the household sector on a regular basis. Stiglitz becomes savior of the day as soon as he violates the constraint of the usury system -- where all of our purchasing power is loans and all loans must be paid back plus compound interest
oldickeastman 1 month ago
THE PROBLEM : THE 5 BANKS!THAT CONTROL ALL !TAX OBAMAS CONTRIBUTORS: THE BANKS!
klarekerry 2 months ago
WAKE-UP !D,NOW!THINK ABOUT BIG PICTURE !ITS NOT DEM OR REPS!ITS BIG GOVERNANCE OBAMAS BERNANKES CO X SMALL GOVERNANCE RON PAUL!!AGAINST CDS &FINANCIAL SPECULATORS!
klarekerry 2 months ago
SMALL GOVERNMENT!RON PAUL!
klarekerry 2 months ago
We need to stop feeding these greedy corporations
coSMia2010 2 months ago
Appreciate his comment that nuclear power has never been and can't be economically viable, not even mentioning the environmental price.
jackemlyn062 2 months ago 2
I agree with Stiglitz on everything he said. Fuck Wall Street bankers, bailouts, corporate welfare. What I don't understand is his inability to even admit that the government played a huge role in the housing crisis with forced lending to underqualified borrowers, the Federal reserve's low interest rates and after the crisis secret bailouts; Congress's TARP, another bailout.
LogicalFlawDetector 2 months ago 2
America = No King - No Pope
NoFearOfGod 3 months ago
In my high school economics class it was called 'Facsism".
KearaJay 3 months ago
I never thought I'd see Joe Stiglitz on Democracy Now.
mojorhythm 3 months ago
Stiglitz is correct...we are moving toward a neofeudalism. A small number (1%) of rich people living in mansions (like kings, queens, princes, princesses, barons, dukes, earls....etc) own everything and the rest of the people (99%) will live in cold, wet mud huts...back to the middle ages and New Somalia (USA).
poosta7 3 months ago
Well, those values are ours. It really is as simple as that. We take it back, and leave the banksters with a decent middle class wage.
rubenshein 3 months ago
the founding fathers had one worry - how to prevent the tyrrany of royalty from rising again? they knew tyranny was a natural outcome without checks and balances. and now we are threatened by the tyranny of the 0.1% of economic royalists like the Kochs and the Waltons. And the supposed patriots of Murdoch's propaganda channel are encouraging it all the way, protecting the super wealthy with tax cuts like they are as endangered as spotted owls, like Buffet said.
pn2543 5 months ago 2
The United States is a Plutocracy. That is all.
Blaphtome 5 months ago 2
LIBERTARIANMONARCHY . COM
ecnerwal999 6 months ago
@DOHC2L you little prick..being a smart ass,huh? if Stiglitz is a socialist, then ur a piece of shit
xiongyali1 9 months ago
Feudalism
bimmjim 10 months ago
Joesph Stiglitz, I've read your books. You're no economist, you're a socialist who disguises socialist ideas in the guise of being economics. You don't talk about individuals meeting their needs like real economists do, you talk about groups of people and what's best for them... aka socialism. If you're going to advocate socialism, why disguise it?
Real arguments of economics do NOT engage in class warfare. It's all about consumers, producers, workers, investors, etc... not rich, poor, etc.
DOHC2L 10 months ago
@DOHC2L Why don't you dispute the facts - the statistics on distribution of wealth, the decline of the middle class, and such? If Stiglitz is presenting untrue facts, prove it. But don't go around slinging stupid labels.
walterleipzig 10 months ago
@DOHC2L and who are you to judge Joe Stiglitz? What do you really know about socialism? Can't you see that neoclassical economics have failed and proved to be wrong so many times? I think there is a middle way between these theories but because of people like you, the debates over them won't bring any results. How is that if someone criticises your beloved neoclassical equations, he must be a socialist? Grab this book again, and read it more carefully!
Thomasso11 9 months ago 3
Comment removed
Thomasso11 9 months ago
Comment removed
Thomasso11 9 months ago
@Thomasso11 Totally agree
xiongyali1 9 months ago 2
Comment removed
xiongyali1 9 months ago
This, of course, is because the USA is neither a Democracy nor a Republic, but rather it is clearly a CORPORATOCRACY. A government run by the CORPORATIONS which have also been recently fully given "citizenship" and all the rights of citizenship that entails, such as voting. They ensure that Corporate citizens do not pay taxes, and have the freedom to not pay to export jobs overseas, or pay to import the products that are manufactured overseas.
xephyr1000 10 months ago 20
(cont)... Corporate Citizenship benefit the Wealthiest 1% of the few who own the corporations without the wealthy suffering from any detriment caused by their corporations, and still able to give themselves EXTREME Bonuses and Bailouts paid for by those who actually DO pay taxes.
xephyr1000 10 months ago
@xephyr1000
No need for modern new words like 'CORPORATOCRACY', western political thought has much older and much more accurate word PLUTOCRACY... and OLIGARCHY comes to mind, fuck it... corporatocracy is acctually fascism by it's proper definiton, the unity between state and private capital
BalkanibalX 9 months ago
Without the Fed absorbing the financial crisis, each and every one of us would be denied more of our own money. For the Fed to take on debt, that allows taxpayers to pay less in taxes. It must balance. If you don't understand that simple equation, please take a basic economics course or read a good textbook.
hubhr 10 months ago
How to get idiots to stop voting against their own class interests?→Registration cards, handed out at birth, that tell you whether you are of "peasant," "proletariat" (which subsumes the "professional" or "middle" class), or "ruling" class→Voting against your own interests is permitted, but only after providing a detailed (and sound) explanation of why you wish to do so.
beholdmyswarthyface0 10 months ago
Cut the trillions in bankers party money STOLEN FROM THE PEOPLE ! Get it back!
mamasuntwinkle 10 months ago 10
Freedom and Democracy now means all rights go to the top 1% of the population. The bottom 95% of the population are just livestock to be managed as efficiently as possible. Just keep telling yourself its freedom?
workwillfreeyou 10 months ago
Strange that he fails to mention the elephant in the room.
End the FED.
jag10 10 months ago
@jag10 ...the 1% are the stockholders of the FED... but the Controllers are in The City Of London...
Will224000 10 months ago
@Will224000
I should have investigated further before commenting.
He has a common way of explaining his positions and is very convincing.
I will read his book, thank you.
jag10 10 months ago
The reason these provisions exist (allowing speculators to pay low tax rates) is because they bought Washington! There is nothing your average Joe can do at this point.
klarionc 10 months ago
That's a complete lie. It the same game of words they have played for decades. The say they're going to do something to get elected and then, when it is not done, they blame it on the Democrats and vice-versa. What has Obama banana done so far from all the things he promised?. Not a single f* thing!!. International bankers and corporations own this country, not the people. Not until we fire ALL corrupted traitor politicians from government and put real ones, we'll take our country back.
MyTube22T 10 months ago 3