@democracynow | 699,883 followers
Nobel Prize-winning economy @JosephEStiglitz's new book calls for "progressive capitalism for an age of discontent."

"The form of capitalism that we've seen over the last 40 has not been working for most people," he says.

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In reply to @democracynow
There’s no such thing as progressive capitalism
 
Progressive capitalism sounds like an oxymoron to me. Capitalism is inherently anything but progressive. But I respect Stiglitz, so I'm willing to listen.
 
Ansiosa pra saber que raios Stiglitz tá chamando de "progressive capitalism"...
 
In reply to @democracynow
Does the 'ism' make the people, or do people make the 'ism'?
 
In reply to @democracynow
Capitalism is a wild animal.
 
In reply to @democracynow
The 40-yr period is apt. 1945-1980 it worked fairly well. 1980-now, no. From 19th century to the war, no. 1945-80 is a small window of general prosperity that was slammed shut by Reaganites, who turned the clock back to 19th-C robber-baron monopolistic extreme capitalism.
 
In reply to @democracynow
Have to be careful to avoid single acts of mere redistribution, eg. cancel student debt. History shows it's when capital and labor contract as equals, with govt as arbiter, we have a shot at general prosperity. We need systemic change in political economy. See 1945-1980 to start.
 
In reply to @democracynow
Start by undoing Reaganism and its spawn: anti-organized labor, pro-monopoly, trickle down, anti-tax, financial globalization and deregulation, pro-delocalization, Citizens United, ultra-lobbying, the buying and selling of laws, norms, democracy. Eisenhower's Ghost in 2020?
 
In reply to @democracynow
All #capitalism is parasitic and colonial, resting on pedestal of white Power designed to defend economic base of genocide & slavery Join the #AfricanRevolution and overturn this sick relationship betw/white Power & Africans. Apspuhuru.org. UHURUsolidarity.org
 
 
As always Democracy now has great information. Amy & Juan u r awesome!!! Capital Socialism is a good way to describe & title socialist that are democrats, independents. Get rid of the stupid old meaning of socialism.
 
Yep. Late capitalism has run its course. Our form started in the middle ages with coins & the marketplace. & the visibility of luxury items that u may not afford but there were cheaper stuff (consumerism) per the DANGEROUS MYSTIC MEISTER ELKHART
 

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