Prairie's Reading: Stiglitz on Harsh Lessons

.
Do yourself a favor. Read this article by Nobel laureate Joseph Stiglitz on the five harsh economic lessons we must [re-]learn.

No excuses.

We cannot afford the idle luxury of thinking that somebody else will take care of things and make it all better. Whomever you think that somebody else may be.

Do your country a favor.

This article appears in China Daily. Look at the label of the clothes you're wearing. Consider who's holding America's debt. It ain't Tinkerbell.

They're learning. Will you?
.
crossposted at Clotheslineblog (Happy New Year, compadre)
.

Prairie's Recommended Read: Stiglitz on Wall Street

.
Writing in the July issue of Vanity Fair, Joseph Stiglitz gives a sobering analysis of just how much damage Wall Street has done to the economic stability of the globe.

When those who call themselves free marketers are in reality freebooters, little better than pillagers and pirates [sidebar: who can't appreciate the juxtaposition with Cap'n Jack Sparrow's alter ego Johnny Depp judiciously sprinkled all over the webpage furthering the message], long past time they be clapped in irons. And I know just the little Caribbean prison to put 'em in.

After all, it's just like Club Fed, isn't it?
.
crossposted at firedoglake's Oxdown Gazette