Democracy Gone Astray

Democracy, being a human construct, needs to be thought of as directionality rather than an object. As such, to understand it requires not so much a description of existing structures and/or other related phenomena but a declaration of intentionality.
This blog aims at creating labeled lists of published infringements of such intentionality, of points in time where democracy strays from its intended directionality. In addition to outright infringements, this blog also collects important contemporary information and/or discussions that impact our socio-political landscape.

All the posts here were published in the electronic media – main-stream as well as fringe, and maintain links to the original texts.

[NOTE: Due to changes I haven't caught on time in the blogging software, all of the 'Original Article' links were nullified between September 11, 2012 and December 11, 2012. My apologies.]

Wednesday, June 06, 2012

Joseph Stiglitz on Occupy Wall Street & Why US-Europe Austerity Will Only Weaken Economic Recovery

As European leaders scramble to address the sovereign debt crisis, Nobel Prize-winning economist Joseph Stiglitz argues the austerity measures pushed by Germany, the United States and international creditors are only "going to make the countries weaker and weaker." If European economies contract, Stiglitz predicts that "our economy [will] go down further into the hole. ... Those policies then increase the probability of our weak economy tipping over into recession." Stiglitz’s new book is "The Price of Inequality: How Today’s Divided Society Endangers our Future."

Video
Source: Democracy Now!
Author: ---
Topics: , , , , , , ,

No comments:

Post a Comment

Subscribe to: Post Comments (Atom)