2016 Postmortem
Related: About this forumStiglitz: Sanders is right - The US can afford to provide basic needs of middle class life to all
http://www.democracynow.org/2015/11/12/stiglitz_sanders_is_right_everybody_has
daleanime
(17,796 posts)99Forever
(14,524 posts)... it might hurt the botto... errr ... I mean JOBS. Yes that's the ticket... JOBS!11!!!!!11!1!!
Gregorian
(23,867 posts)We have surely stooped in a hundred years.
However, on the bright side, we're witnessing a once in a lifetime candidate with exceptional experience and vision. It's not that it's complicated; it's just coming from the right direction.
zentrum
(9,865 posts)It is inciteful. That's part of what his appearance on SNL so shocking. The country condones this kind of speech so long as it's from the rightwing.
DirkGently
(12,151 posts)Dont call me Shirley
(10,998 posts)stupidicus
(2,570 posts)it represents one of the very largest of actions we can take as a nation to diminish the death toll and equally immoral and unnecessary human misery associated with a lack of proper/adequate healthcare
if I were to use their logic, I'd ask why they hate their fellow citizens so...
cantbeserious
(13,039 posts)eom
stupidicus
(2,570 posts)the things they are willing to overlook or live with that she will more likely provide -- foreign entanglements of the military kind, etc -- and won't, like support for single payer.
and both those things, in terms of the human condition, dwarf anything and everything where she might reasonably be considered superior -- not that I can think of any...lol
cantbeserious
(13,039 posts)eom
rhett o rick
(55,981 posts)The perception of security from strong (tough) authoritarian leadership. Read the short essay, "The Authoritarian Personality" by Eric Fromm or "The Authoritarians" by Robert Altemeyer. They will open your eyes.
Agony
(2,605 posts)rhett o rick
(55,981 posts)essay is more concise and well written. As I see it, some of us were raised to bow down and never question their authority figures. They are immature, as Fromm says, and not open-minded. They seek leaders that are tough, strong and promise to take good care of them. We've all seen in on the play ground. Some kids gravitate to the biggest bully to follow.
tclambert
(11,087 posts)(I'm absolutely FOR the last three, and partially for the first one. I want a hybrid system--part socialism, part capitalism, and would love to discuss how much of each is best. No Republican I've ever met will begin to undertake such a conversation. They insist on 100% pure capitalism, 100% pure free market, a recipe that leads to horrors.)
AdHocSolver
(2,561 posts)NAFTA and its cousins (like TPP) are NOT plans for promoting free markets. They are a means of controlling trade for the sole benefit of a royal plutocracy, an "in" crowd.
A capitalistic system requires competition among economic entities and the possibility of business failure as prerequisites in order to work in the public interest. Moreover, the government should have the ability to regulate businesses in the public interest in those areas of business operations in which competition alone won't work.
The corporation is designed to enable business entities to pool large amounts of capital while limiting liability of the investors for business failure solely to the money that they gave to the business.
The Glass-Steagal act separated investment banks from commercial banks to prevent investment banks from using depositors' money in commercial banks (such as CD's, savings accounts, retirement accounts, etc.) to gamble away those assets on risky and/or illegal investments.
When the "too-big-to-fail" banks did gamble the money away, the government should have immediately separated the banks and re-instituted the Glass-Steagal Act. Unfortunately, that didn't happen.
The aim of the 1 percent is to build and maintain royal dynasties of inherited wealth, in other words, a return to feudalism.
tex-wyo-dem
(3,190 posts)tclambert
(11,087 posts)Uncontrolled "free" markets end up ruled by monopolies and oligopolies that kill competition. Rather than being ruled by the marketplace, which is in turn ruled by customers, these mega-corporations rule the marketplace themselves. Then all the benefits of a competitive market vanish. For instance, we have a handful of gasoline brands here in Michigan. It looks like you pick one gas station over another and that's competition at work. It turns out they all get their gasoline from the same refinery. It's what George Carlin called "the illusion of competition."
What big business calls a "free market" isn't nearly the same as a "competitive market." They want a marketplace free from regulation and free from competition.
I agree with you completely about Glass-Steagall and the "too-big-to-fail" banks. With all the mergers and acquisitions since the 80s, I fear many other industries have fallen prey to "too-big-to-fail" corporations.
think
(11,641 posts)OCTOBER 27, 2015
AMY GOODMAN: Glass-Steagall?
JOSEPH STIGLITZ: Glass-Steagall is another important
AMY GOODMAN: Explain what it is.
JOSEPH STIGLITZ: So, Glass-Steagall wasagain, after the Great Depression, we divided the banks into two groups: the commercial banks, that take your deposits, ordinary people, supposed to give money to small businesses to help grow the economy; and then you had the investment banks, taking money from rich people, investing it in more speculative activities. And we had a big fight during the Clinton administration over whether we should eliminate that division. I strongly opposed it. And when was chairman of the Council of Economic Advisers, it didnt happen.
AMY GOODMAN: Under Clinton.
JOSEPH STIGLITZ: Under Clinton. But then, insteadyou know, Citibank wanted to bring together these various financial institutions, and
AMY GOODMAN: Who surround Clinton.
JOSEPH STIGLITZ: And the result of that was that we repealed Glass-Steagall. And what I was worried about precisely happened. We wound up with bigger banks that became too big to fail. The culture of risk taking, thats associated with the investment bank, spread to the whole banking system, and so all the banks became speculators, actually lending to small businesses lower than it was before the crisis. And the kinds of conflicts of interest that were rampant in the years before the Great Depression started to appear all over the place in our financial sector.
AMY GOODMAN: So Bernie Sanders has called for the reinstatement of Glass-Steagall. Hillary Clinton has not.
JOSEPH STIGLITZ: Yeah, I hope that she will. But I think the fundamental issue here is, we have to tame the financial sector. And in our book, Rewriting the Rules, we describe how that can be done.
Full interview:
http://www.democracynow.org/2015/10/27/nobel_laureate_joseph_stiglitz_on_rewriting
Cheese Sandwich
(9,086 posts)The Trans-Pacific Partnership charade: TPP isnt about free trade at all
You will hear much about the importance of the TPP for free trade. The reality is that this is an agreement to manage its members trade and investment relations and to do so on behalf of each countrys most powerful business lobbies. Make no mistake: It is evident from the main outstanding issues, over which negotiators are still haggling, that the TPP is not about free trade.
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appalachiablue
(41,177 posts)it aired live and was very impressed. It wasn't up yet on the DN website and I kept checking to add it here but then forgot. Glad you caught it and posted. There's so much info. circulating out there, even here.
Brilliant minds like Stiglitz, Richard Wolff, Robert Reich, Richard Escow and many others have been educating and advocating, esp. since 2008 for reform and a more progressive direction. But they're not in official govt. positions or getting any younger and this political revolution that could use their experience needs to get started.
Cheese Sandwich
(9,086 posts)I'm more of a Rick Wolff fan but Stiglitz is a giant so, ya know he can't be ignored.
Doctor_J
(36,392 posts)She doesn't think so
sabrina 1
(62,325 posts)Krugman got it wrong on this!
Go Bernie!
merrily
(45,251 posts)Just posted that on another thread.
merrily
(45,251 posts)Luminous Animal
(27,310 posts)SoapBox
(18,791 posts)azmom
(5,208 posts)fbc
(1,668 posts)"We're America... small businesses... blah blah blah"
It's like listening to a republican half the time.