Quotes from Joseph E. Stiglitz

Minimum wages have not kept up with inflation (so that the real federal minimum wage in the United States in 2011 is 15 percent lower than it was almost a third of a century ago, in 1980);

una economía que crezca más rápidamente, con una prosperidad compartida en que el tipo de vida al que aspira la mayoría de los estadounidenses no sea ya más un simple castillo en el aire sino una realidad alcanzable.

On every criterion by which performance is usually measured, the eurozone has been failing. Its performance has been poor relative to the United States, from which the crisis originated, and relative to non-eurozone Europe. Even Germany could not escape.

Americans like to think of wealth inequality here as being different from that in old Europe, based on a landed aristocracy of a bygone era. But we have been evolving into a twenty-first-century inherited plutocracy.

hay un conjunto de políticas en esencia asequibles y capaces de hacer de una vida de clase media —una vida que parecía a nuestro alcance a mediados del siglo precedente y ahora parece cada vez más lejana— la norma en lugar de la excepción.

Individuals say they are working so hard for the family, but as they work so hard there is less and less time for the family, and family life deteriorates. Somehow, the means prove inconsistent with the stated end. T

El mismo presidente George H. W. Bush llamó a la política económica de Reagan de subsidio a la oferta economía vudú. La de Trump es una economía vudú con esteroides.

Individuals can often be better motivated by intrinsic rewards—by the satisfaction of doing a job well—than by extrinsic rewards (money).

It shouldn't, of course, come as a big surprise that some of the wealthiest Americans are promoting an economic fantasy in which their further enrichment benefits everyone. It is, perhaps, a surprise that they've done such a good job of selling these fantasies to so many Americans. The

Primero, por sí solos los mercados no logran la prosperidad compartida y duradera.

Como Trump, Reagan explotaba el miedo y la intolerancia: en su caso, apuntaba que quien había despojado de su dinero a los estadounidenses mejor situados era la reina malvada del Estado de bienestar. El mensaje omitía, por cierto, a los afroamericanos.

Especialmente en este contexto, el apoyo de la comunidad empresarial al presidente Trump resulta cínico y descorazonador, sobre todo para quienes guardan aunque sea un débil recuerdo del surgimiento del fascismo en la década de 1930.

El éxito de Trump ha sido el de formar una coalición con la comunidad empresarial, igual que entonces: los fascistas solo llegaron al poder con el apoyo de una amplia coalición conservadora que incluía al empresariado.

Throughout its history, America has struggled with inequality. But with the tax policies and regulations that existed in the post–World War II war period—and the heavy investments in education, like the GI Bill—matters were improving. The tax cuts at the top and deregulation that began in the Reagan years reversed that trend. There

In America the share of national income going to the top .01% (some 16,000 families) has risen from just over 1% in 1980 to almost 5% now—an even bigger slice than the top .01% got in the Gilded Age."9

Y hay otras semejanzas entre Reagan y Trump: una de ellas es la voluntad abierta de servir a los intereses de las grandes corporaciones

Entre 1995 y 2005, por ejemplo, los inmigrantes fundaron el 52 por ciento de todas las nuevas compañías de Silicon Valley.[41] Y fundaron, a su vez, más del 40 por ciento de las empresas incluidas en 2017 en el listado Fortune 500 de Estados Unidos.[42]

The failures in politics and economics are related, and they reinforce each other. A political system that amplifies the voice of the wealthy provides ample opportunity for laws and regulations—and the administration of them—to be designed in ways that not only fail to protect the ordinary citizens against the wealthy but also further enrich the wealthy at the expense of the rest of society. This

The economic elite have pushed for a framework that benefits them at the expense of the rest, but it is an economic system that is neither efficient nor fair. I explain how our inequality gets reflected in every important decision that we make as a nation—from our budget to our monetary policy, even to our system of justice—and show how these decisions themselves help perpetuate and exacerbate this inequality.13 Given

from 2007 to 2010, median wealth—the wealth of those in the middle—fell by almost 40 percent

Esos ataques y el empeño de crear una realidad alternativa han sido siempre una parte constitutiva del fascismo, desde la gran mentira de los Goebbels en adelante.

Trickle-up economics can work, even when trickle-down economics doesn't. Even

The eurozone was flawed at birth.

Reagan se las ingenió para subastar los recursos naturales, una liquidación que posibilitó a las grandes compañías petroleras exportar la enorme abundancia de crudo del país a una fracción de su valor.