Democracy is an illusion! It’s become a political system fostered by the élite, for the élite, in order to fool the people that they have a stake in the system. In actual fact, they have virtually none. The whole political system in the modern era, despite having noble beginnings, is now used to benefit the few at the expense of the many. – Mark Alexander, June 29, 2018
Sunday, 9 October 2016
Joseph Stiglitz on the Loss of the American Dream, Trickle Down Economics and TTIP
An Interview with Nobel Laureate Joseph Stiglitz in 2015. The GED team’s, Uli Schoof sat down with Nobel Laureate, Joseph Stiglitz recently to get his views on inequality, inclusive growth and free trade. In the resulting interview, Professor Stiglitz shared his thoughts on the “American Dream”, multi-national trade agreements and the failure of “Trickle Down” economics while contrasting the European and North American response to the financial crisis.
