Tuesday, October 4, 2011

Bankster Economist Supports 'Occupy Wall Street'

Nobel Prize winning economist Joseph Stiglitz showed up at “Occupy Wall Street” this week to show his support for the protest, reports Raw Story.

Stiglitz is the former Senior Vice President and Chief Economist of the World Bank and is as elitist and anti-free markets as you can get. He calls free market advocates, free market fundamentalists.

Stiglitz joined the Clinton Administration in 1993, and became Chairman of the Council of Economic Advisers during the period 1995-1997. He became deeply involved in environmental issues, which included serving on the Intergovernmental Panel on Climate Change, and helping draft a new law for toxic wastes.

Here's Stiglitz at Occupy Wall Street, which is apparently also an anti-bullhorn movement. Stiglitz does hit one high note explaining that for the major banks losses have been socialized and profits privatized, but from there he calls for more regulation.

1 comment:

  1. That repeating the speaker thing is what they are doing at the Occupy Boston event as well. I saw many of the regular socialist leaders I have seen at various anti-war rallies over the years...talked to one Ron Paul supporter. He was a unemployed young electrician...plans on camping out there for quite a while. He said that someone stole his ron paul signs the first night.