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The author isn't a journalist. Joseph Stiglitz is a Nobel-prize-winning economist.

• 001sky 13y ago
  That's not an excuse. He should understand political econnomy. Its perfectly 'rational'. Using rationality as a proxy for morality is a 20th century affectation. Its fake science, in other words. "My analysis rational, so if you disagree you must be irrational". But, politics are rational. And avoiding or dismissing political logic is not rational. Economics is mereley a subset of political ratinoality in this regards. And Stiglitz is a big boy. We don't need to treat him with kid gloves.
  • pm90 13y ago
    He isn't dismissing political logic, merely pointing out that it isn't the best logic to go by. That its not serving the interests of the country as a whole to have the political system so aligned towards the interests of so few. It's interesting to see how these things pan out though, In India, discontinuing a program to provide assistance to the poor gets you voted out of office. I guess the number of poor people in the US are not large enough for that to happen? There is a large middle-class though, and it would help if they showed more interest in the lives of the downtrodden....especially when there are more than enough resources to go around
    • deleted 13y ago
      [deleted]
    • ddebernardy 13y ago
      "I guess the number of poor people in the US are not large enough for that to happen?" More like: they've a long and entrenched track record of voting against their own interests, on the basis of keeping a hypothetical fable called the American Dream alive.