Commentary on Political Economy

Tuesday 4 October 2011

Addendum to Previous Post

Friends who follow this site and who wish for a blatant, pellucid illustration of the kind of colossal stupidity and asininity of the "do-good" economic analysts who have not the slightest clue about what is wrong with this system, need look no further than this article by Nobel laureate Joseph Stiglitz. If you read this in the light of what we have just discussed, you will see how Stiglitz attributes the current crisis to a simple "inequality of distribution of income"! There is no mention of the social antagonism intrinsic to the wage relation! None at all! See for yourselves, here is the link:

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