Globalization: Social & Geographic Perspectives

a qwriting.qc.cuny.edu blog

Stiglitz on the state of the US and global economy

October 26th, 2010 · No Comments
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This is a recent interview with J. Stiglitz on the tv/radio program “Democracy Now.”  It’s mostly Stiglitz talking, kind of lecturing – he is a professor after all – about our current economic crises, from foreclosures to military spending, and how they relate to the global economy.  It’s about 35 minutes long.  It’s a great lecture.  A very clear overview.  (And an example of a more “state-centered” approach economic globalization)  Link is below.

Nobel Laureate Joseph Stiglitz: Foreclosure Moratorium, Government Stimulus Needed to Revive US Economy

Stiglitz

As the Obama administration rejects a foreclosure moratorium and austerity protests grip Europe, we assess the state of the US and global economy with Nobel Prize-winning economist Joseph Stiglitz, author of Freefall: America, Free Markets, and the Sinking of the World Economy. Stiglitz backs calls for a foreclosure moratorium and says opponents of a new government stimulus “don’t understand basic economics.” On war, Stiglitz says Iraq and Afghanistan are “the first wars in America’s history financed totally on the credit card.”

http://www.democracynow.org/2010/10/20/nobel_laureate_joseph_stiglitz_on_how

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