Thursday, April 23, 2015

Lack of Political Will

Dr. Joseph Stiglitz
This episode of the Diane Rehm Show from earlier this week is sobering: Her guest, Nobel Prize winning economist, Dr. Joseph Stiglitz, talks about his new book, The Great Divide. Stiglitz clarifies what we all need to keep reminding ourselves: most of our economic problems, from unemployment to poverty to income inequality are due to a lack of political will. The “market” is not the reason we have these problems; they are the result of failed economic policies. The way out of this morass is to adopt new policies, rather than continuing to flog a dead horse. Unfortunately, we seem to lack the political will to do what it takes.

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