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Stiglitz: Sanders is right - The US can afford to provide basic needs of middle class life to all (Original Post) Cheese Sandwich Nov 2015 OP
K&R..... daleanime Nov 2015 #1
Butt ermagird.... 99Forever Nov 2015 #2
I find Trump's behavior frightening. It's almost inciteful. Gregorian Nov 2015 #3
Yes, you're right. zentrum Nov 2015 #7
KNR n/t DirkGently Nov 2015 #4
Bernie is absolutely right, Joe, right for America! Dont call me Shirley Nov 2015 #5
why doesn't Hillary and her supporters want that? stupidicus Nov 2015 #6
Stupidicus - That Is A Gold Star Question - Thank You cantbeserious Nov 2015 #9
UR welcome. It's been mindboggling to me stupidicus Nov 2015 #12
Mind Boggling To This One As Well cantbeserious Nov 2015 #14
Because there is something way more important to some than freedom, liberty and Democratic Principle rhett o rick Nov 2015 #27
Altemeyer's book is an eye opener. link to a pdf at his website for the interested Agony Nov 2015 #28
It's free for downloading and inexpensive to buy. Well worth it. Eric Fromm's rhett o rick Nov 2015 #29
But socialism! Class warfare! Redistribution of wealth! Raising taxes on the rich! tclambert Nov 2015 #8
The goal of the 1 percent is not pure capitalism. It is feudalism. AdHocSolver Nov 2015 #23
Spot on! Nt tex-wyo-dem Nov 2015 #24
I think unregulated capitalism leads to a type of feudalism. tclambert Nov 2015 #25
Stiglitz hopes Hillary Clinton will push for reinstating Glass Steagall too: think Nov 2015 #10
Oh yeah hmmm.... He called the TPP a charade too Cheese Sandwich Nov 2015 #17
K & R. Important comments by Stiglitz about the economy and Bernie. I saw this when appalachiablue Nov 2015 #11
Sure yep Cheese Sandwich Nov 2015 #16
He should tell Mrs Clinton, his advisee Doctor_J Nov 2015 #13
Who should we believe, Stiglitz, Warren, Bernie and a host of other economists, or Krugman? I guess sabrina 1 Nov 2015 #15
No surprise. Krugman never met an establishment Democratic position or pol he didn't like. merrily Nov 2015 #20
If the US taxed eveyrone fairly and collected all taxes it is due, it could afford that even more.nt merrily Nov 2015 #18
Kick. Luminous Animal Nov 2015 #19
K & R! SoapBox Nov 2015 #21
K&R azmom Nov 2015 #22
Good video. I had forgotten how horrible Hillary's answer to that question was fbc Nov 2015 #26

99Forever

(14,524 posts)
2. Butt ermagird....
Sun Nov 15, 2015, 08:01 PM
Nov 2015

... it might hurt the botto... errr ... I mean JOBS. Yes that's the ticket... JOBS!11!!!!!11!1!!

Gregorian

(23,867 posts)
3. I find Trump's behavior frightening. It's almost inciteful.
Sun Nov 15, 2015, 08:36 PM
Nov 2015

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)
7. Yes, you're right.
Sun Nov 15, 2015, 09:19 PM
Nov 2015

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.

 

stupidicus

(2,570 posts)
6. why doesn't Hillary and her supporters want that?
Sun Nov 15, 2015, 09:11 PM
Nov 2015

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...

 

stupidicus

(2,570 posts)
12. UR welcome. It's been mindboggling to me
Sun Nov 15, 2015, 09:44 PM
Nov 2015

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

 

rhett o rick

(55,981 posts)
27. Because there is something way more important to some than freedom, liberty and Democratic Principle
Mon Nov 16, 2015, 05:47 PM
Nov 2015

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.

 

rhett o rick

(55,981 posts)
29. It's free for downloading and inexpensive to buy. Well worth it. Eric Fromm's
Mon Nov 16, 2015, 07:28 PM
Nov 2015

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)
8. But socialism! Class warfare! Redistribution of wealth! Raising taxes on the rich!
Sun Nov 15, 2015, 09:30 PM
Nov 2015

(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)
23. The goal of the 1 percent is not pure capitalism. It is feudalism.
Sun Nov 15, 2015, 11:18 PM
Nov 2015

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.


tclambert

(11,087 posts)
25. I think unregulated capitalism leads to a type of feudalism.
Mon Nov 16, 2015, 03:48 PM
Nov 2015

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)
10. Stiglitz hopes Hillary Clinton will push for reinstating Glass Steagall too:
Sun Nov 15, 2015, 09:40 PM
Nov 2015
Nobel Laureate Joseph Stiglitz on "Rewriting the Rules of the American Economy"

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 was—again, 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 didn’t happen.

AMY GOODMAN: Under Clinton.

JOSEPH STIGLITZ: Under Clinton. But then, instead—you 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, that’s 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)
17. Oh yeah hmmm.... He called the TPP a charade too
Sun Nov 15, 2015, 09:56 PM
Nov 2015

The Trans-Pacific Partnership charade: TPP isn’t about ‘free’ trade at all

As negotiators and ministers from the United States and 11 other Pacific Rim countries meet in Atlanta in an effort to finalize the details of the sweeping new Trans-Pacific Partnership (TPP), some sober analysis is warranted. The biggest regional trade and investment agreement in history is not what it seems.

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 country’s 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.
...
more: http://www.marketwatch.com/story/the-trans-pacific-partnership-charade-tpp-isnt-about-free-trade-at-all-2015-10-05

appalachiablue

(41,177 posts)
11. K & R. Important comments by Stiglitz about the economy and Bernie. I saw this when
Sun Nov 15, 2015, 09:41 PM
Nov 2015

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.

sabrina 1

(62,325 posts)
15. Who should we believe, Stiglitz, Warren, Bernie and a host of other economists, or Krugman? I guess
Sun Nov 15, 2015, 09:50 PM
Nov 2015

Krugman got it wrong on this!

Go Bernie!

merrily

(45,251 posts)
20. No surprise. Krugman never met an establishment Democratic position or pol he didn't like.
Sun Nov 15, 2015, 10:25 PM
Nov 2015

Just posted that on another thread.

 

fbc

(1,668 posts)
26. Good video. I had forgotten how horrible Hillary's answer to that question was
Mon Nov 16, 2015, 04:03 PM
Nov 2015

"We're America... small businesses... blah blah blah"

It's like listening to a republican half the time.

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