Anti-Globalization in the Era of Trump: Joseph Stiglitz on Shared Prosperity Without Protectionism

In the updated edition of Nobel Prize winning economist Joseph Stiglitz’s new book, “Globalization and Its Discontents Revisited: Anti-Globalization in the Era of Trump,” he argues that when Trump became president, he “threw a hand grenade into the global economic order.” We speak with Stiglitz about the impact of free trade agreements that Trump has criticized.

Prosperity Without Austerity - Sweden
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David Cameron: 'The World Doesn't Owe Us a Living
THE TELEGRAPH: Britain has no automatic right to prosperity, David Cameron has said, declaring: “The world doesn’t owe us a living.”

Mr Cameron told business leaders in London that Britain has no automatic right to prosperity. Photograph: The Telegraph
The Prime Minister said many people are under the “delusion” that just because the UK has historically been one of the richest countries on earth, it will always remain so.

Only if we “reboot and rebuild” the UK economy can the country’s future prosperity be assured, he said.

Mr Cameron used a speech to business leaders in London to argue that the spending cuts and other changes his Government is planning are not discretionary political choices but essential economic moves to stop the country falling behind its competitors.

He said: “I think too many people in this country are living under the delusion that a prosperous past guarantees a prosperous future. But it isn’t written anywhere that this country deserves a place at the top table.

He added: “It was once said that freedom once won is not won for ever; it’s like an insurance premium – each generation must renew it. Economic prosperity is the same. Just because we’ve had it before doesn’t mean we’ll automatically get it again.” >>> James Kirkup, Political Correspondent | Monday, June 28, 2010

Margaret Thatcher's Revolution 30 Years On
THE TELEGRAPH: Her successors ruined the prosperous Britain she created. Now we must strive to re-build it, says Edwina Currie.

We should value Margaret Thatcher for what she did, not what she was. Photo courtesy of The Telegraph
She was a small, pretty woman with chintzy blouses and a nervous habit of clearing her throat. A stiff leather handbag hung like a weapon over her arm; if a wisp of hair escaped from the helmet of her coiffure, she fiddled with it anxiously. In mid-campaign, she was given a grubby calf to hold and didn't know what to do with it. Our first views of Margaret Thatcher weren't reassuring.

Yet it was la difference that underwrote her astonishing success. The unthinkable – a woman prime minister – had been made flesh. Suddenly anything seemed possible. I was a city councillor in Birmingham with two small children. I knew, with total certainty, that if she could do it, then so could I.

Mrs Thatcher learnt very quickly to turn her outsider status to advantage. Declaring that she didn't know much about economics but did understand a household budget was an election strategy of genius. It allied her with the victims of strikes and disruption, those who had to make ends meet, the "hard-working families" of modern parlance who had to put aside doubts if they were to vote for her. However bizarre it may seem to have a woman in charge, they reasoned, she talked sense and should be given a chance: she couldn't be worse than the men.

Within her first term the doubts vanished. The Iron Lady had seen off Galtieri and was preparing the same treatment for Scargill, so all one had to do was sound rather like her. I sailed into Parliament at my first attempt in 1983, one of 397 Tory MPs (some 200 more than now). It was not really a surprise to find myself the first maiden speaker of the new intake, treated as a representative of a new breed, and soon a minister.

It was a fantastic and terrifying experience. Come to a meeting not properly briefed and you'd be mincemeat, and rightly so. Get something right and she would praise you embarrassingly in public. With a blue-eyed stare that could turn men to stone, she would snap out orders and expect them delivered. Once, in a cold spell in January 1987, she insisted that no vagrant was to be found frozen to the pavements and I was given the job. We managed it, with the help of the charities and an open purse, a now-forgotten episode entirely to her credit; the Rough Sleepers initiative was the outcome. No inquiries, no reviews, no soundbites, no pointless legislation: just get on and do it. >>> Edwina Currie | Sunday, April 26, 2009