Days of Change

Day 1089 – Who is Joseph Stiglitz? | October 29, 2011

I really wanted to stop doing Occupy posts, but this is just too bothersome to me.

Last week, I was reading an old blog post of mine from April and poster turned Occupy drone ralphb had the following comment on my debt ceiling post.

It goes to the Joe Stiglitz Maxim: a government of the 1%, by the 1%, and for the 1%.

He’s generally right. In one article some time back, he wrote that economics was a failed profession which should be re-invented from the ground up. No matter what, I like Stiglitz.

Well, if this guy was talking 1% from a while back, I figured he must have something to do with OWS. Actually, Stiglitz is bigger than that. Besides being an economist who seems to hate every other economist (kind of like a less famous Paul Krugman) and he loves protesters.

From Wikipedia:

On July 25, 2011, Stiglitz participated to the “I Foro Social del 15M” organized in Madrid (Spain) expressing his support to the 2011 Spanish protests.

He also spoke at an Occupy rally back on October 2.

It turns out that Stiglitz shows up on the boards of a number of George Soros funded organizations. His economic theories call for more government ownership of the business and banking sectors, while he claims to oppose socialism.

The next time I read a post about Stiglitz, it linked to this article from the IMF (now with less rapists!) about the recovery in Iceland brought about by devaluing their currency (back door inflation) and by letting banks collapse. This has followed with something of a recovery, but while the poor are on a generous government dole, the middle class is saddled with foreign bank debt and devalued wages. Still, some people love this solution because it supposedly stuck it to the banks.

So, let’s take inadequate free-market capitalism, a putative denial of socialism, thumbs up to government control of the economy, the middle finger to bank bailouts and the lionization of street mobs. What do you get? Anarchy.

Here’s the trick. No one really wants anarchy. Some people want it for a while and they are the agitators. After a while, even those people get sick of people with no rules messing with them. Anarchy is, however, an excellent means to an end. The “smart” people are sick of the dumb people making the rules. Imposing order is hard in a democracy, because people get to choose all kinds of wrong things for themselves. You would need to break down society for the general public to accept that kind of order.

The Occupiers are already at the anarchy stage. Most cities have made minor concessions and are frequently thwarted anyway. Arrest them and your city spends a fortune on incarceration. Disperse them and they sue for millions. If this crap keeps going, you’ll see large-scale government crackdowns and the people will enjoy the spectacle. Then we have real old-time fascism.

Anyone who thinks that the average 53%er who pays taxes and thinks the protesters are a bunch of whiny kids is really some big money capitalist whip kisser, watch what happens when the real whips show up. This 0.01% calling themselves the 99% are the dupes for a much more sinister model of fascists waiting for the world to break down.

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  1. Until the MSM reports on OWS honestly, we need more facts behind the fury to back up our suspicions that OWS is a cover for a more sinister group of anti-Americans.

    Keep on keeping on Days 😀

    Comment by DeniseVB — October 29, 2011 @ 11:51 am

  2. I know. I really don’t want to keep writing these posts and add oxygen, but this is just a big Potemkin village where half the tents are unoccupied and no one knows where the OWS contributions come from.

    Comment by 1539days — October 29, 2011 @ 5:49 pm

  3. Stiglitz was the chief of Bill Clinton’s economic council. He left the WH to become the chief economist of the World Bank. He was fired by the world bank in 1999 for being openly critical of their policies. After he was fired he was sharply critical of the World Bank and the IMF. I know he was interviewed extensively by Greg Palast for one and those interviews are still available on Palast’s website.

    I believe he’s currently a professor at Columbia. He is also a Nobel winning economist (2001) and many say he is the next Keynes. He may not be as well known in the US as Krugman, but internationally he is far better known.

    If you really want to know what he’s all about google “Stiglitz Report”. In 2008 in the wake of the financial melt down the UN asked him to head up a committee to determine the cause and how to avoid it in the future. The resulting report was dubbed The Stiglitz Report.

    Yes he hearts George Soros and George Soros hearts him……..funny how so many roads lead back to Soros isn’t it?

    He’s a NWO kind of guy (in a nutshell, but it’s more complicated than that) and also a climate change disciple.

    So Ralph B is out there with the occupiers??? Seriously???

    Comment by Somebody — October 29, 2011 @ 9:34 pm

  4. This 0.01% calling themselves the 99% are the dupes for a much more sinister model of fascists waiting for the world to break down.

    Got it in one, 15. I repeat: George Soros, far from being a Jewoh Holocausr victim or a Communiszt, is a left-over Hitler Nazi. He doen’t want to destroy the WWst, and especially the US, to promote “social justice.” He wanta to punish us for beinging down Hitler.

    Further, he is the liaison between the NWO–a phrase and aim that are a dead give-away of his link to Hitler–
    and obama.

    Comment by Mary — October 29, 2011 @ 9:57 pm

  5. Somebody,

    His habit of burning bridges makes me think he’s opposed to the application of economic policy. Basically, he knows what’s right and doesn’t think anyone else has the courage to do it. That’s the perfect recipe for a fascist.

    Comment by 1539days — October 29, 2011 @ 10:16 pm

  6. Yep you nailed it 1539. In this case he has the ears of many of the rich and/or powerful. As I said before many hail him as the next Keynes and he’s already making plenty of headway to claim that title.

    I think it would do us all good to become acquainted with his ideals for that reason. I also find his interviews from 2000/2001 regarding the tactics of the IMF instructive. If I recall he talked about planned protests basically bringing governments to their knees and thus agreeing to the terms of the IMF and World Bank……..hmmmm.

    BTW here is an article titled by the same quote that Ralph B quoted in April…..this happens to be from the May issue of Vanity Fair

    Comment by Somebody — October 29, 2011 @ 10:53 pm

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