By Con
George-Kotzabasis
I have not
read Joseph Stiglitz’s book. But I assume from your short description of it, that
he is not contending that capitalism did not raise the standard of living of
the masses during its long development nor that it needs poverty to flourish.
All my comments, including the one you refer to address specifically these two
points and not to the ‘casino’ “financial capitalists,” that Professor Stiglitz
speaks of, which were mainly responsible, alongside government dirigisme, for the meltdown. But you are
grossly remiss in ‘cheering’ Stiglitz: the achievements of capitalism were not
span on the rolling dice of a casino.
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