Wednesday, March 20, 2013

Singapore’s Lessons for an Unequal America - NYTimes.com

  • Editorial by Stiglitz where he highlights Singapore as a role model of economic equality. Stiglitz has stated and written elsewhere many times that he believes in government wealth redistribution. He gives lip service to Singapore's non-democratic, authoritarian government that does have any First Amendment freedoms. He fails to mention that Singapore's economy is almost completely based on exports. He also fails to mention that the huge labor force of foreign worker are non-citizens who make much less money and have even fewer rights than citizens. For example, if they dare unionize, they are subject to expulsion. I find it strange and hypocritical that Stiglitz, a supporter of strong unions and labor rights, deliberately omits this. He is a bizarre and bitter person, who apparently hates America. He has the strange had of interjecting inappropriate forced smiles into his conversation.

    tags: stiglitz economics

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