Joseph Stiglitz: Free Trade?

"We don't have free trade," says Stiglitz. In this interview with Carnegie Council Senior Fellow Jere Van Dyk, Economist Joseph Stiglitz discusses internal and artificial barriers to a free trade regime.

This Carnegie Council interview took place on April 3, 2006. For complete video, audio, and transcript, go to http://www.cceia.org

Category:

News & Politics

Tags:

• Joseph Stiglitz
• Jere Van Dyk
• free trade
• fair trade
• developing countries
• subsidies

[LogicalFlawDetector]

Stiglitz is an idiot. If we subsidize a certain industry which competes in the international market, the poor countries, which are affected, will get the goods cheaper and of a higher quality. Of course, the native industries suffer short-term job losses. The money in the form of their respective currency they use to buy import goods will find their way in the international economy back to that country as demand for its goods--increasing employment elsewhere in export industries.

[KrugmanTheKing]

@control1029

You won't see Stiglitz very often because he's entertaining only to intelligent people, whereas guys like Schiff are entertaining to everyone, but not for the same reasons. Stiglitz stimulates your thought and it has a sort of analytic eloquence to it... market fundamentalists are comforting idiots in their convictions and, for intelligent people, they constitute a never depleted source of laughs. So, we're providing channels with incentives to "speak dumb."

[ChaoticSouls]

He made a great point republicans should listen up it shows free trade has less benefits for developing countries.

[control1029]

Here we know why he isn't on the mainstream media more; he actually has intelligent positions based on empirical realities.

All those yahoo's in middle America, who keep hollaring that "Obama is a socialist", I hope they are equally petitioning their congressmen and senators to remove all the obscene subsidies for Agri-business, bio-fuels, and here in the Midwest "Corn."

[MacroTraficante]

smart man, nice to hear honesty once in a while