Ex-World Bank chief economist exposes “failure” of austerity, deregulation

Joseph Stiglitz, a senior OECD expert, slams OECD’s own policies to prevent global slowdown. In a little-known speech at the United Nations University, renowned Nobel Prize-winning economist Joseph Stiglitz criticised Western approaches to addressing the global economic crisis for being obsessed with market solutions that cannot work. His remarks were made just two months before the Organisation for Economic Cooperation […]
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