Tag Archives: Joseph Stiglitiz

The end of the golden weather: political choices in economic hard-times

There’s not a lot of economic good news out there at the moment, and even after the current credit-crisis passes us by, the storm-fronts of peak-oil and climate change look set to keep the economic weather looking bleak. In economic bad-times the essential nature of capitalism, the political choices that buttress it, the social costs it imposes on the most vulnerable, are much harder to gloss over and ignore – even in the societies of the rich-world.

Ironically, that is the good news, because it means a time of new choices – for compassion, fairness, for a sustainable future, for an end to poverty and oppression – is perhaps nearer than it has been for a long time. When we understand that we have a choice, we can make a choice.

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Filed under Barry, economic analysis, social justice