Joe Stiglitz: Why the world economy's malaise continues

[David Morris]

This article is behind a paywall, but if the first two sentences portend
its content, then it seems to be saying that a glut of Chinese goods is
slowing growth.  More demand would be the solution to this problem.  Lack
of demand is its cause.

David Morris

On Thu, Jan 14, 2016 at 2:56 PM, ish mailian <ishmailian at gmail.com> wrote:

> Because it's true.
>
>
> http://www.wsj.com/articles/glut-of-chinese-goods-pinches-global-economy-1433212681
>
> On Thu, Jan 14, 2016 at 3:49 PM, Robert Mahnke <rpmahnke at gmail.com> wrote:
>
>> 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.
>>>
>>>
>>>
>>>
>>>
>>>
>>>
>>>
>>> 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
>>>>>
>>>>>
>>>>>
>>>>
>>>>
>>>
>>
>
-------------- next part --------------
An HTML attachment was scrubbed...
URL: <http://waste.org/pipermail/pynchon-l/attachments/20160114/11563a22/attachment.html>