Clinton, Atkinson, Stiglitz and reducing inequality
Excellent, sharp analysis from Economist Michael Roberts on inequality and the solutions being looked at by Stiglitz, Atkinson, OECD and others. Well worth a read, reblogged here from Michael’s blog.
Apparently Hilary Clinton, the Democratic dynasty front- runner for the US presidency in 2016 is worried about rising inequality of income and wealth in America. She has recently consulted Joseph Stiglitz, Nobel prize winner in economics, and author of now two books on the issue of inequality.
However, don’t get your hopes up too high that a US president might take action on the extremes of wealth and poverty in America. Among the top ten contributors to her campaign are JPMorgan Chase, Goldman Sachs, CitiGroup and Morgan Stanley. As secretary of state under Obama, she pressured governments to change policies and sign deals that would benefit US corporations like General Electric, Exxon Mobil, Microsoft, and Boeing. Clinton served on WaltMarts board of directors from 1986 to 1992 and the law firm she worked for, Rose Law Firm, represented the corporation. During her three trips to India as secretary of state…
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