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« Robin Williams With Charlie Rose On Wall Street Bailout Junkies: "Listen Man, I Just Need Some Liquidity" | Main | VIDEO - Clueless Corporate Apologist Meets Wall Street Protesters - #OccupyWallStreet »

VIDEO - Nobel Prize Winning Economist Joseph Stiglitz Addresses Wall Street Protesters - #OccupyWallStreet

Question on military Keynesianism...

Yesterday Dr. Stiglitz and author Jeff Madrick met with the “Occupy Wall Street” protesters to support their cause, speak and answer questions.

Full clip below.


Turn up the volume, as this clip can be difficult to hear in some parts.


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Reader Comments (9)

However contradictory and screwed up in terms of economic theory, that was a great answer.
Oct 3, 2011 at 8:57 PM | Registered CommenterDr. Pitchfork
I had the exact same thought. I was going to preface the clip with a comment but decided to leave it alone because his answer was so good.
Oct 3, 2011 at 10:24 PM | Registered CommenterDailyBail
Here's a scathing article on the protests. Implies Soros is involved in funding them

Read more: http://takimag.com/article/99_wrong/print#ixzz1ZmCbkgSy
Oct 3, 2011 at 10:56 PM | Unregistered CommenterCanuck
Occupy Wall Street offshoot to protest outside Goldman Sachs in Jersey City, Statehouse Annex in Trenton

Oct 4, 2011 at 12:59 AM | Registered CommenterDailyBail
Oct 4, 2011 at 1:00 AM | Registered CommenterDailyBail
why would you trust this guy? Why is he allowed to infiltrate the movement? We don't need him. History is a powerful thing.

Joseph Eugene Stiglitz, ForMemRS, FBA, (born February 9, 1943) is an American economist and a professor at Columbia University. He is a recipient of the Nobel Memorial Prize in Economic Sciences (2001) and the John Bates Clark Medal (1979). He is also the former Senior Vice President and Chief Economist of the World Bank. He is known for his critical view of the management of globalization, free-market economists (whom he calls "free market fundamentalists") and some international institutions like the International Monetary Fund and the World Bank.

In 2000, Stiglitz founded the Initiative for Policy Dialogue (IPD), a think tank on international development based at Columbia University. Since 2001, he has been a member of the Columbia faculty, and has been a University Professor since 2003. He also chairs the University of Manchester's Brooks World Poverty Institute and is a member of the Pontifical Academy of Social Sciences. Stiglitz is an honorary doctor of Durham Business School[1], an honorary professor at Tsinghua University School of Public Policy and Management and a member of the Executive and Supervisory Committee (ESC) of CERGE-EI. Stiglitz is one of the most frequently cited economists in the world.[2]

In addition to making numerous influential contributions to microeconomics, Stiglitz has played a number of policy roles. He served in the Clinton Administration as the chair of the President's Council of Economic Advisors (1995 – 1997). At the World Bank, he served as Senior Vice President and Chief Economist (1997 – 2000), in the time when unprecedented protest against international economic organizations started, most prominently with the Seattle WTO meeting of 1999. He was fired by the World Bank for expressing dissent with its policies.[10] He was a lead author for the Intergovernmental Panel on Climate Change.

He is a member of Collegium International, an organization of leaders with political, scientific, and ethical expertise whose goal is to provide new approaches in overcoming the obstacles in the way of a peaceful, socially just and an economically sustainable world. He is also a member of the scientific committee of the Fundacion IDEAS, a Spanish think tank.[11]

Stiglitz has advised American President Barack Obama, but has also been sharply critical of the Obama Administration's financial-industry rescue plan.[12] Stiglitz said that whoever designed the Obama administration's bank rescue plan is "either in the pocket of the banks or they’re incompetent."[13]

That's from Wikipedia.

Ever heard of good cop, bad cop?

Stiglitz is the good cop....get it?

Get real....we don't need these guys. None of them!!
Oct 4, 2011 at 1:21 AM | Unregistered Commenterdogismyth
Dog...we're looking to establish the legitimacy of the protests....Stiglitz is a powerful guy. When Nobel Prize winners show up to speak to a group that the corporate media considers hippies and losers, we cover it. End of discussion.
Oct 4, 2011 at 1:28 AM | Registered CommenterDailyBail
The nobel prize in economics is self-aggrandizing award given by the Swedish Central Bank, not the traditional nobel prize committee which awards prizes in medicine, chemistry, physics, etc.
It is essentially a tradeshow award, much like an oscar, emmy or toni award.
Stiglitz should get over himself.
Maybe he makes sense, but the nobel prize in economics bullshit is a canard.
Oct 4, 2011 at 6:19 AM | Unregistered CommenterFroever

I am well aware. I have done stories on Taleb ripping the Nobel Economics committee. You are missing my point. To the corporate media, the Nobel Prize in economics carries a lot of weight. So when someone like Stiglitz grants legitimacy to the protests, we highlight it in order to prod the same corporate media into granting the same legitimacy to the cause of the protesters.
Oct 4, 2011 at 8:13 AM | Registered CommenterDailyBail

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