Freefall
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Corporatism is the problem. Government run by corporations. Free markets are the cure, not the problem. Stiglitz should read James Buchanan and Vernon Smith -- two more established Nobel prize winners in economics.
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The description of the video should be modified to: "Nobel Prize-winning economist Joseph Stiglitz on the BUSH and OBAMA administration's misguided economic policies." Actually much goes back even farther (and sure don't have much confidence will be better in the future). Don't agree with all he says, but very good talk. He's right that the incentives are still screwed up and bankers got no requirements to lend out their "welfare", which was the supposed point of the money given to them.
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Stiglitz has a better grasp than most people, but his proximity to the banskers, existing in a vacuum such as he is, has giving him an ass backwards perspective on the fundmentals of the problem.
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As you see, even if Stglitz has Alzheimer or not, is that market doesn´t regulates the market by itself. It needs the government to route the measurements in the proper way. As we saw, it didn´t want to attack the predictable effect it was coming because authorities were drank after the party they were enjoying BEFORE the benefits were tangibles. He pointed at the sleeping government since 2001. PLEASE TAKE IT INTO CONSIDERATION AND THINK ABOUT WHAT HE WAS TALKING SERIOUSLY.
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Yeah, he's not a good speaker but an excellent writer
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I know what you mean, but LOL, if you thought this guy is really annoying, check out endlessmountain ! :)
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oh my god, i can't watch this.. I'm at 5 minutes 43 Seconds and Stiglitz has muttered "uhhhhhh" like 1,097 times already. This dude's showing major signs of alzheimers or something.
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If you get past the first few minutes, he is just fine, under control and with a message that we have failed to heed once too often. Had we listened to his sane, reasonable analysis and not trusted the despicable vermin that pass for "Financial experts", we would be doing pretty well about now, not in a true Depression.
radford4333 1 year ago 6
i do that sometimes when my brain blanks out for some reasons being not knowing where to start and finding it hard to put in words since what goes around in your brain and what needs to be spat out may not be identical or simple embarrassment. it's quite natural dude.
loooooojason 2 years ago 2