Joe Stiglitz: Why the world economy's malaise continues

[Robert Mahnke]

Why do you say that?

On Thu, Jan 14, 2016 at 12:37 PM, ish mailian <ishmailian at gmail.com> wrote:

> The world is not not suffering from too little demand but with too much
> supply and with too much capacity.
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> On Thu, Jan 14, 2016 at 3:00 PM, David Morris <fqmorris at gmail.com> wrote:
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>> 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.
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>> 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.
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>> On Thu, Jan 14, 2016 at 1:39 PM, Robert Mahnke <rpmahnke at gmail.com>
>> wrote:
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>>> http://www.huffingtonpost.com/joseph-e-stiglitz/world-economy-2016_b_8908560.html?utm_hp_ref=world
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