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Author Topic: Money  (Read 7760 times)

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AGelbert

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Re: Money
« Reply #450 on: November 04, 2018, 09:15:38 pm »

Stiglitz explains why "The American Economy is Rigged" and why Trump doesn't want to talk about it


Shockwave  Community

Sunday November 04, 2018 · 12:06 PM EST

SNIPPET:

Trump is not talking economy much in these last days before the midterm.  Could it be because he read this Scientific American article, The American Economy Is Rigged ?

Quote
By most accounts, the U.S. has the highest level of economic inequality among developed countries. It has the world's greatest per capita health expenditures yet the lowest life expectancy among comparable countries. It is also one of a few developed countries jostling for the dubious distinction of having the lowest measures of equality of opportunity.
...

It is not the laws of nature that have led to this dire situation: it is the laws of humankind. Markets do not exist in a vacuum: they are shaped by rules and regulations, which can be designed to favor one group over another. President Donald Trump was right in saying that the system is rigged—by those in the inherited plutocracy of which he himself is a member. And he is making it much, much worse.

Read more:

https://www.dailykos.com/stories/2018/11/4/1809793/-Stiglitz-explains-why-The-American-Economy-is-Rigged-and-why-Trump-doesn-t-to-talk-about-it
Hope deferred maketh the heart sick: but when the desire cometh, it is a tree of life. Pr. 13:12

 

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