Award-winning economist, Joseph Stiglitz, author of Freefall: Free Markets and the Sinking of the Global Economy, lays out not only the course of the financial crisis which began in 2007, but its underlying causes, and shows why much more radical reforms are needed than are currently being contemplated if we are to avoid similar ‘systemic’ crises in the future. Showing why the bailout has been only marginally effective and how it could have been much more so, and outlines the enormous opportunity – not yet taken – to design a new global financial architecture.
Naomi Klein, Hernando de Soto and Joseph Stiglitz speaking on economic power at the Graduate Centre, CUNY, moderated by David Harvey. See speaker biographies over the fold. From the fora.tv series ‘Is capitalism dead‘? Run time is 62 minutes, with a ten minute preview.Vodpod videos no longer available.
From New York to Dubai and Bangladesh, Empire looks at the impact of US-style capitalism and asks: What does the future hold for crony capitalism? And what are the alternatives to neo-liberal globalisation?
Joseph Stiglitz and our friend Tariq Ali on Al Jazeera’s Empire.