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Joseph Stiglitz on "Of the 1%, by the 1%, for the 1%" (Vanity Fair) & Analysis of GOP Budget. 1 of 2

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Published on Apr 7, 2011

DemocracyNow.org -
This week Republicans unveiled a budget proposal for 2012 that cuts more than $5.8 trillion in government spending over the next decade. Democracy Now! interviews Nobel Prize-winning economist Joseph Stiglitz, who addresses the growing class divide taking place in the United States and inequality in a new Vanity Fair article titled, "Of the 1%, by the 1%, for the 1%."

Watch Part 2: http://youtu.be/v8s1p7NdHm0

Stiglitz is a professor at Columbia University and author of numerous books, most recently, "Freefall: America, Free Markets, and the Sinking of the World Economy."

"It's not just that the people at the top are getting richer," Stiglitz says. "Actually, they're gaining, and everybody else is decreasing... And right now, we are worse than Old Europe."

For the video/audio podcast, transcript, to sign up for the daily news digest, and for today's entire show, visit http://www.democracynow.org/2011/4/7/...

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