Great Interview with Joe Stiglitz on Tavis Smiley (re globalization, US...

[AP]

...economy, tax policy, etc.).


'The Roaring Nineties' and the Clinton Economy
NPR's Tavis Smiley talks to Nobel laureate, economist and Columbia University professor Joseph Stiglitz about his new book, The Roaring Nineties: A New History of the World's Most Prosperous Decade. The book takes a look at the economic mistakes of the Clinton years and the reality of the current economic numbers.


http://www.npr.org/rundowns/rundown.php?prgDate=12-Nov-2003&prgId=14

[Zan_of_Texas]

1. Here's an earlier one that was better.

The interview on NPR that I thought was better was several weeks ago, longer, including good called-in questions.

Same topic, Joseph Stiglitz, on his new book. Stiglitz became well-known also for speaking out against the World Bank's policies, from the insider's view.

http://www.npr.org/features/feature.php?wfId=1471754


One of the things he said, as to battles he wished he'd won (my paraphrase):

We fought for a more balanced form of globalization. It was the end of the Cold War, a new global order without Communism. We didn't have a vision. We really let commercial and financial interests, to a large extent, dictate what we did.

...Many of the major companies in the US today have underfunded pension funds, amounting to literally 200, 300, or 400 billion dollars. There will either be a bailout, or some retirees will have to suffer. People today, somebody, will have to pay the price.

[ithacan]

2. Stiglitz is really interesting

an insider who saw how corrupted and idiotic the system had become.