Stiglitz: Capitalist Fools. Why isn't this man on the Obama Team?

[edhopper]

http://www.vanityfair.com/magazine/2009/01/stiglitz200901

"Behind the debate over remaking U.S. financial policy will be a debate over who’s to blame. It’s crucial to get the history right, writes a Nobel-laureate economist, identifying five key mistakes—under Reagan, Clinton, and Bush II—and one national delusion."

[OneBlueSky]

1. it has to do with the extreme tensions Obama is going to be under . . .

wanting, on one hand, to do the right thing, and having to contend, on the other hand, with the demands of the corporate oligarchy . . .

how he resolves these tensions will determine, to a large extent, how successful (or unsuccessful) his presidency will be . . .

[NashVegas]

3. Reagan - And the Wave That Brought Him to Office - Had the Original Sin

Its continuing hits are solely the province of congress and corporate media who rolled over on all of us. Bush signed on, Clinton signed on, Bush II signed on, and now Obama will sign on unless we, the people, stop it. The work is that, we don't stop Obama from signing on by stopping Obama. We do it by stopping on congress and the media and taking control of the media away from those folks who laugh at us in "the reality-based world."

[muriel_volestrangler]

2. Newsweek was asking that last week

Chasing Stiglitz: Obama's economic team is missing the one guy who's been right all along

[SammyWinstonJack]

4. Well that article was certainly an eye opener.

"Hope and Change" :silly:

[KoKo]

5. The photo of Greenspin and Paulson alone is worth it to go over and

read...:rofl:

[Hidden Stillness]

6. Hugely Impressed with Joseph Stiglitz

A couple of months ago or whatever it was--it seems like an eternity ago--just before they passed the Wall St. corporate welfare/bonus package, I heard Joseph Stiglitz talk several times. One or two were during Congressional hearings (Waxman and/or Barney Frank, and maybe Sen. "Countrywide" Dodd), and also on Lou Dobbs, and I was so impressed with Stiglitz, I (as someone almost totally ignorant of this subject) learned so much about the backgroud and workings of things, because Stiglitz had such a clear, straightforward way of explaining these things, and had such a profound moral grasp of an economy as a thing that lives amongst a society, for its benefit, and not this "rapturous" corporate blather about how "elegant" and "wonderful" it all is, when you remove the pesky workers, as Paulson does. I remember wishing that Obama would appoint Stiglitz as Treasury Secretary (or something else, Fed Chair--anything), before any Cabinet appointments had been announced. Another one from that time, at a Congressional hearing, was Nell Minnow, who started The Corporate Library.com., and who made the clear connection between corrupt management (and hugely inflated salaries, bonuses, "perks," etc.) and the current deregulated-capitalism-caused recession; caused by its own policies. There are good people out there; Obama doesn't want them.