Globalization: Social & Geographic Perspectives

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Blog post option: Stiglitz on “Of the 1%, by the 1%, for the 1%”

April 8th, 2011 · 1 Comment
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Joseph Stiglitz, Nobel prize winner in economics and former Chief Economist of the World Bank, writes in May 2011 issue of Vanity Fair:

Americans have been watching protests against oppressive regimes that concentrate massive wealth in the hands of an elite few. Yet in our own democracy, 1 percent of the people take nearly a quarter of the nation’s income—an inequality even the wealthy will come to regret.

Read the Vanity Fair article and/or watch the video below and discuss in a blog post for credit by April 10th.

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1 response so far ↓

  • 1    anthonymunozjr // Apr 8, 2011 at 4:59 pm

    Stiglitz definitely put the tax ride offs of Wall Street into perspective. What I found the most memorable about video was his analysis of the 1% lifestyle. As seen in the article of from the Atlantic, the rich usually associate with other rich people. They aren’t in tune with what goes on in the average American life. To alleviate themselves for caring, they label everyone as lazy.

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