Interview with Economist Joseph Stiglitz: 'The American Dream Has Become a Myth'

[sysop]

The finance industry is to blame for the growing divide between the rich and poor in the United States, says Nobel Prize-winning economics professor Joseph Stiglitz. In an interview with SPIEGEL, he accuses the industry of preying on the poor and buying government policies that help them get richer.

http://www.spiegel.de/international/...-a-858906.html

[longknife]

Another tenured left wing nut in a left wing school spouting the usual socialist cry of "unfair! unfair! The rich must pay their share!"

The USA is STILL the land where anyone with a little bit of sweat can turn a simple idea into something that results in wealth and providing jobs for those who wish to work.

The Democrats are fighting hard to bring an end to it - especially with lefties like Stiglitz - who has probably never held a real job in his entire life - doing everything to belittle and denigrate our free enterprise system.

Lenin and Marx are probably smiling in their graves. Germans, weren't they?

[fear_less]

Originally Posted by longknife

The USA is STILL the land where anyone with a little bit of sweat can turn a simple idea into something that results in wealth...

Let me rephrase that for you:

The USA is still the land where anyone - by the sweat of others - can turn a simple idea into something that results in wealth...



From Bertolt Brecht "Alfabet" (1934):

Reicher Mann und armer Mann
Standen da und sahn sich an.
Und der Arme sagte bleich:
Wär ich nicht arm, wärst du nicht reich.


Translated without rhyme:

Rich man and poor man
Stood there and looked at each other.
And the poor man turned pale and said:
If I weren't poor, you wouldn't be rich.

Originally Posted by longknife

Lenin and Marx are probably smiling in their graves. Germans, weren't they?

Yeah, Wladimir Iljitsch Uljanow - aka Lenin - was German.