Joe Stiglitz: Why the world economy's malaise continues

[ish mailian]

The world is not not suffering from too little demand but with too much
supply and with too much capacity.








On Thu, Jan 14, 2016 at 3:00 PM, David Morris <fqmorris at gmail.com> wrote:

> The economics of this inertia is easy to understand, and there are readily
> available remedies. The world faces a deficiency of aggregate demand,
> brought on by a combination of growing inequality and a mindless wave of
> fiscal austerity. Those at the top spend far less than those at the bottom,
> so that as money moves up, demand goes down. And countries like Germany
> that consistently maintain external surpluses are contributing
> significantly to the key problem of insufficient global demand.
>
> At the same time, the U.S. suffers from a milder form of the fiscal
> austerity prevailing in Europe. Indeed, some 500,000
> <http://thinkprogress.org/yglesias/2011/07/08/263588/the-conservative-recovery-continues-2/> fewer
> people are employed by the public sector in the U.S. than before the
> crisis. With normal expansion in government employment since 2008, there
> would have been two million more.
>
> On Thu, Jan 14, 2016 at 1:39 PM, Robert Mahnke <rpmahnke at gmail.com> wrote:
>
>>
>>
>> http://www.huffingtonpost.com/joseph-e-stiglitz/world-economy-2016_b_8908560.html?utm_hp_ref=world
>>
>>
>>
>
>
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