Reply #1: Here's an earlier one that was better. [View All]

[Zan_of_Texas]

The interview on NPR that I thought was better was several weeks ago, longer, including good called-in questions.

Same topic, Joseph Stiglitz, on his new book. Stiglitz became well-known also for speaking out against the World Bank's policies, from the insider's view.

http://www.npr.org/features/feature.php?wfId=1471754


One of the things he said, as to battles he wished he'd won (my paraphrase):

We fought for a more balanced form of globalization. It was the end of the Cold War, a new global order without Communism. We didn't have a vision. We really let commercial and financial interests, to a large extent, dictate what we did.

...Many of the major companies in the US today have underfunded pension funds, amounting to literally 200, 300, or 400 billion dollars. There will either be a bailout, or some retirees will have to suffer. People today, somebody, will have to pay the price.