Joseph Stiglitz Quotes About Capitalism

Quotes about: Capitalism

• Wall Street banks have used the same tactic that Bush used in the war on terror - fear - and they've basically said that if you don't do what we tell you, the sky will fall. If you don't do what we tell you, it will be the end of capitalism as we know it. The failure of Lehman Brothers lent some credence to those fears.

  Joseph Stiglitz

  Brother, Wall, War

  Interview with Amitabh Pal, www.sharedhost.progressive.org. May 27, 2011.

• I think that for the developing world there are many versions of capitalism, and countries have to choose one that's appropriate.

  Joseph Stiglitz

  Country, Thinking, World

  Interview with Amitabh Pal, www.sharedhost.progressive.org. May 27, 2011.

• Unfettered market American-style capitalism doesn't work. Developing countries can't afford that kind of luxury. They just can't afford it. Period. If there's a mistake, they can't afford to put out $2 trillion.

  Joseph Stiglitz

  Country, Mistake, Luxury

  Interview with Amitabh Pal, www.sharedhost.progressive.org. May 27, 2011.

• Anybody who knows about capitalism knows that bankruptcy is an essential part of capitalism.

  Joseph Stiglitz

  Essentials, Bankruptcy, Capitalism

  Source: www.progressive.org

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