Wednesday, April 6, 2011

Of the 1%, by the 1%, for the 1% Society:

Joseph Stiglitz, "Of the 1%, by the 1%, for the 1%," Vanity Fair, May 2011

. . . a modern economy requires “collective action”—it needs government to invest in infrastructure, education, and technology. The United States and the world have benefited greatly from government-sponsored research that led to the Internet, to advances in public health, and so on. But America has long suffered from an under-investment in infrastructure (look at the condition of our highways and bridges, our railroads and airports), in basic research, and in education at all levels. Further cutbacks in these areas lie ahead. . . . <more>

Of the 1&#37;, by the 1&#37;, for the 1&#37; Society:

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