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
Wednesday, 24 April 2019
Economist Joseph Stiglitz: Capitalism Hasn’t Been Working for Most People for the Last 40 Years
We look at staggering inequality and the state of the U.S. economy with Nobel Prize-winning economist Joseph Stiglitz, who served as chair of the Council of Economic Advisers under President Clinton. Joseph Stiglitz is a professor at Columbia University and chief economist for the Roosevelt Institute. His latest book, out this week, is “People, Power, and Profits: Progressive Capitalism for an Age of Discontent.”
