A Quote by Joseph Stiglitz

The median family income in the U.S. is lower than it was a quarter-century ago, and if people don't have income, they can't consume, and you can't have a strong economy. There's significant risk - actually it's no longer a risk - a significant likelihood of a marked slowdown not only in China, but also in a lot of other countries like Brazil, which is in recession. All of the other countries that depend on commodities, including Canada, are facing difficulties. So it's hard to see a story of a strong U.S. economy.

Joseph Stiglitz

Quote Topics

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Quote Author

Joseph Stiglitz
American - Economist
Born: February 9, 1943

The confidence is really driven by the woman - whether she can have the confidence that there will be enough earning or income to finance all the domestic spending - but also by the middle-income class, which for many Asian countries has become the growth power for the economy.

Sri Mulyani Indrawati

We have a nation where the elite thinks it's OK to advocate a war and send the lower-income people to do the fighting. It's natural for such a people to think that the lower-income people should also have a worse health care experience. And the other countries are not there - I always say, not there yet. I tell the Germans and the Swiss, "You're not there yet, but if you're not very, very careful, if we Americans come over there and rearrange ... your health care system, you will be just like us."

Uwe Reinhardt

Nowadays, however strong an economy is, not all roads will lead only there. There will be other links between countries in Asia, with America, with Europe, and China will fit into this global network.

Lee Hsien Loong

?I believe that it is very difficult in the world of today to continue with G-8 only without taking in account the importance of Brazil, China, India, many in the world economy, because these countries are great consumers, large consumers, and we're also becoming great producers, and also because we were better prepared than the rich countries for the nowadays global crisis.

Luiz Inacio Lula da Silva

We do see significant signs of a slowdown, in the economy worldwide.

Marek Belka

You know, the elites always want to shame the poor - right? - and everyone else. I mean, the fact is, this economy is based on 70 percent of the people driving consumer demand. If people do not purchase goods and services, this economy will grind to recession. And that is why, if you are going to do a tax cut, it ought to really be aimed at low-income and middle-income people.

Keith Ellison

People are tired of working longer hours for lower wages, of seeing decent paying jobs go to China and other low-wage countries, of billionaires not paying any federal income taxes and of not being able to afford a college education for their kids - all while the very rich become much richer.

Bernie Sanders

In a world that has gone global, we no longer have a choice. If we don't export freedom, we risk importing the viruses which have corrupted other nations. ... Some critics complained that President Bush was arrogant when he suggested America can and should export freedom to other countries. This implies the people of unfree countries may not wish to be free. Which is the greater arrogance?

Cal Thomas

There's a lotta countries that do very well at dropping bombs. There are other things that Canada actually does better than most other countries. And one of them is training people on the ground.

Justin Trudeau

I don't think Canada is very inexpensive anymore. I travel there all the time; it's rather on the expensive side. I think there's significant risk to the Canadian economy.

Marc Faber

Some people say that the West has a cruel history. These people also may see the achievements of Western countries - in terms of the economy, education, health, and social achievements - as a result of exploitation of poorer countries, including Arab countries. Western nations get rich by using resources such as Arab oil. Meanwhile, the countries supplying them raw materials remain poor. Due to such injustices, jealousies are created.

Dalai Lama

America is among the countries the advance countries with the least equality of opportunity, which means that the - while I prospects of young American, a more dependent on the income and education's parents (ph) than another - other countries. So this notion of equal opportunity is sort of American dream is, is now a myth.

Jedediah Bila

Globalization has produced a new of level of interdependence among us. The economy and multinational supply chains do not abide by political boundaries. A computer ordered in Brazil is designed in California and assembled in several other countries. Economic integration was the first strong evidence of a new era.

Eduardo Paes

We have agreements with many countries including Iran, including Russia, including other countries that are about different things including armament. It's cooperation like any cooperation between any two countries, which is normal. It's not related to the crisis.