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Joseph Stiglitz : The Roaring Nineties

ur emerging understanding of the 1990s requires that we admit, to ourselves and to the world, that we were engaged in a misguided attempt to achieve growth on the cheap.


We are still so well off that we may not suffer immediately from this diminution in our wealth, but the consequences are already becoming clear: a loss of confidence not only in markets, and especially the stock market, but in government; a suspicion that the system is rigged to be an insider's game; a blow to America's moral leadership abroad. The attack on American-style globalization may be driven by Luddites and protectionistsóbut it is fed by a perception of American hypocrisy and the unfairness of the new global regime.

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Me : 0.1 ←††→ Arundhati Roy : Not Again