Joseph Stiglitz: Investments in Politics Pay Off Very Well for The Corporations

Joseph Stiglitz: The Corporations Have No Citizenship and Pay No Taxes








 How is it possible that corporations are able to avoid paying taxes? What does that say about the civic responsibility of these companies? Joseph E. Stiglitz, former Chief Economist of the World Bank and founder of the Initiative for Policy Dialogue, has some clear words about what's wrong in economics and politics today.Professor Stiglitz discusses the developed world's management of the global financial crisis and growing inequality with ANU PhD candidate Belinda Thompson. He focuses on the importance of education and the value of income contingent loans.

Professor Stiglitz is widely recognised as one of the world's leading and influential economists. He is University Professor at Columbia University in New York, having previously taught at Oxford, Yale, MIT, Stanford, and Princeton.

In 2001, he was awarded the Nobel Prize in economics for his analyses of markets with asymmetric information, and he was a lead author of the 1995 Report of the Intergovernmental Panel on Climate Change, which shared the 2007 Nobel Peace Prize.

In 2011, Time named Professor Stiglitz one of the 100 most influential people in the world. He is now serving as President of the International Economic Association.

Belinda Thompson is a PhD candidate with the Menzies Centre for Health Policy at ANU. Belinda holds a BA with 1st Class Honours and a Master of Arts from Deakin University. She was recently successful in obtaining an Australian Postgraduate Award.

Belinda is a communications specialist who has worked with several health-related NGOs. Her specific interest in hospitals developed while she was Director of Corporate Affairs for the Hospital of Hope Timor-Leste. She has worked in Thailand and Bangladesh with The Alliance for Safe Children and was the National Communications Manager for the Royal Life Saving Society Australia.

Her thesis will explore the operation of non-government, not-for-profit hospitals and large-scale clinics in developing countries. Her aim is that this research will have a tangible, practical impact on this area of health policy. This aligns with the Menzies Centre for Health Policy vision that Australia and our neighbouring regions have health policies and systems that aim to deliver safe, high quality health care that is sustainable in the long term.













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Joseph Stiglitz on "Rewriting the Rules of the American Economy"

Democracynow.org - As presidential candidates spar over economic policies and Congress debates the TPP, one of the nation’s leading economists is calling for a comprehensive overhaul of the U.S. economy. Nobel Prize-winning economist and Columbia University professor Joseph Stiglitz has just published a new book called "Rewriting the Rules of the American Economy: An Agenda for Growth and Shared Prosperity."











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Joseph Stiglitz Confirms that Multinationals Hardly Pay Taxes

 Economist and professor Joseph Stiglitz in a recent interview about the G20 summit confirmed to a reporter that the large multinational corporations barely pay any taxes and find ways through every tax loophole.











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Joseph Stiglitz : The Great Divide Growing Wider

'Great Divide' Growing Wider as Inequality Rises Says Joseph Stiglitz






America has more inequality than any of the other advanced countries and it's only getting worse, said Joseph Stiglitz, author of 'The Great Divide' and Nobel Prize winning economist. Stiglitz added that America also excels at inequality when it comes to opportunity. He said the shift started during the Reagan administration with introduction of supply side economics and increasing deregulation. Stiglitz said the opening of China and technology gains also played a role in the dislocation of the American middle class, yet globalization has failed to make the nation wealthier and raise the middle class. Finally, Stiglitz said the best ways to narrow the 'Great Divide' is through education, a change in tax policies and stricter anti-trust laws.


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Joseph Stiglitz Hails New BRICS Bank Challenging U.S.-Dominated World Bank & IMF

A group of five countries have launched their own development bank to challenge the U.S.-dominated World Bank and International Monetary Fund. Leaders from the so-called BRICS countries -- Brazil, Russia, India, China and South Africa -- unveiled the New Development Bank at a summit in the Brazilian city of Fortaleza. The bank will be headquartered in Shanghai. Together, BRICS countries account for 25 percent of global GDP and 40 percent of the world's population. To discuss this development, we are joined by Nobel Prize-winning economist Joseph Stiglitz, a professor at Columbia University and the World Bank's former chief economist. "It's very important in many ways," Stiglitz says of the New Development Bank's founding. "This is adding to the flow of money that will go to finance infrastructure, adaptation to climate change -- all the needs that are so evident in the poorest countries. It [also] reflects a fundamental change in global economic and political power. The BRICS countries today are richer than the advanced countries were when the World Bank and the IMF were founded. We're in a different world -- but the old institutions haven't kept up."

Stiglitz -- END CORPORATE WELFARE NOW

END CORPORATE WELFARE , How Tax Reform Can Save the Middle Class , At the very least, for the cheaters anyway. Economist Joseph E. Stiglitz says corporate tax abuse has helped make America unequal and undemocratic.The Nobel Prize-winning economist on why America's future prosperity depends on tax reform today.
Stiglitz should campaign for President.  He's about the only one who has the understanding, experience and contacts and can talk the talk to the financial community to get some fixes done.  We can go back and forth with ignoramuses like Bushs and Clintons ... while meaningless time wasting arbuments lead us all off the track.  





The top 0.1% have had it in for this country ever since the workers fought for unions and benefits.  They had the long range plan of dropping the American worker to their knees.  I heard this decades ago when they said when prices are too high in America this was all going to move overseas.  Other countries protect their integrity and citizens, America just protects money, money that comes from anywhere and seeks to do anything.  Money can be much more dangerous than bombs and weapons, yet somehow we continue to do nothing and to deny we have any problems, because the only people who get to talk or who get to be taken seriously are the 0.1%.

The only way to seriously take these people down and prevent this now and from happening in the future is to tax them severely, but at this point they may just go overseas and declare virtual war on America if the people ever had such an awakening.  This never would have happened either if the people were not so stupid, and we can blame our schools for that, and mind rotting TV.

Joseph Stiglitz on Global Poverty and the World Bank Financial Services Committee (2007)

Stiglitz was born in Gary, Indiana, to Jewish parents, Charlotte (née Fishman) and Nathaniel D. Stiglitz. From 1960 to 1963, he studied at Amherst College, where he was a highly active member of the debate team and president of the student government. He went to the Massachusetts Institute of Technology (MIT) for his fourth year as an undergraduate, where he later pursued graduate work. His undergraduate degree was awarded from Amherst College. From 1965 to 1966, he moved to the University of Chicago to do research under Hirofumi Uzawa who had received an NSF grant. He studied for his PhD from MIT from 1966 to 1967, during which time he also held an MIT assistant professorship. Stiglitz stated that the particular style of MIT economics suited him well -- simple and concrete models, directed at answering important and relevant questions. From 1966 to 1970 he was a research fellow at Cambridge University: he arrived at Fitzwilliam College as a Fulbright Scholar in 1965 and then won a Tapp Junior Research Fellowship at Gonville and Caius College. In subsequent years, he held academic positions at Yale, Stanford, Duke, Oxford, and Princeton. Stiglitz is now a professor at Columbia University, with appointments at the Business School, the Department of Economics and the School of International and Public Affairs (SIPA), and is editor of The Economists' Voice journal with J. Bradford DeLong and Aaron Edlin. He also gives classes for a double-degree program between Sciences Po Paris and École Polytechnique in 'Economics and Public Policy'. He has chaired The Brooks World Poverty Institute at the University of Manchester since 2005.[16][17] Stiglitz is a New-Keynesian economist.

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.[20] He was a lead author for the Intergovernmental Panel on Climate Change, which received the Nobel Peace Prize in 2007.