This is a short video of Stiglitz who is the author of "Freefall" the current book I am reading.He was an economic advisor for President Clinton with Robert Reich,Robert Rubin,Larry Summers,Alan Blinder and Laura Tyson.That Council of Economic Advisers was diverse with Reich on the left,Rubin and Summers on the right, and Blinder,Tyson and Stiglitz in the center. According to Stiglitz,the right usually won the discussions with Clinton especially after the 1994 elections due to the realities of politics and money.Reich and Stiglitz argued with resources scarce,the role of government is to make the economy more efficient and help the poor and those who can't fend for themselves.I agree with this perspective wholeheartedly and feel it is the moral obligation of the government to carry out this model. To turn ones back and wave the flag of market capitalism to solve the problems of the poor is a denigration of every soldier who died for our country. It is a turning that can only bring a scar on the self worth of a nation and a message to all that our formal religions that they have failed to open the hearts of the misinformed.
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