Nice, so a political economy that fuses corporate interests with the state (might call it, hmm, corporatism), crushes dissent with police violence and lawfare, commits to privatizing public goods, and overthrows democratically elected leaders, contributes to fascism? Damn that’s crazy cuz that already just sounds like fascism, lol
You don’t say. You’re telling me that heightening the contradictions of capitalism while also crushing socialism and labor-oriented solutions leads people toward the waiting embrace of reactionary politics, national chauvinism, and fascism? No way!
How did our new gilded age lead to fascism when that’s what happened last time! How could anyone have seen this coming?!
Gee no shit pal. They give out the Nobel for stating the obvious now?
Not really obvious to most liberals I assume
Stiglitz didn’t get the Nobel prize for claiming that neoliberal capitalism contributes to the rise of fascism. He got it for explaining how information asymmetries destroy the fantasy of perfect markets.
I mean, even a cursory look into the history of the nobel prize should show anyone how much of a joke they’ve always been
Wow. I didn’t know that. You are telling me now for the first time.
Land value tax fixes this
-Joseph Sitglitz
reminder that there’s no such thing as a Nobel prize in economics, and this guy won the “Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel”
Give this man free parking at UC Berlekey.
Oh yeah, well Nobel laureate Paul Krugman says “nuh-uh!”. Checkmate leftists!
Fascism has led to fascism
Wooooww
I find it’s more the admission itself. It’s something we’ve all known, but now we have it from a mainstream liberal.
ya don’t say
Nobel laureate
is it a real Nobel or that shit-ass fake economics one
EDIT: it’s the shit-ass fake one
No shit!
Well they’re not all idiots lol.
Stiglitz regularly contributes to CEPR, which is half decent.
They are liberal but one if the few honest and humanistic ones.
Ironic, because “Center for Economic and Policy Research” sounds like the sort of institution that would put out articles like “How the war in Gaza is good for America’s GDP” or “The financial case for ending free school lunches.”
Yeah it does look. They do cool stuff like report the impact of US sanctions on Venezuela in terms of dead civilians
