A Quote by Joseph Stiglitz

The problem with NAFTA was with what we wanted. And there, the agenda had been set by our corporations. So what is true is that workers in the United States and workers in the developing countries were often disadvantaged. They were worse off. The big winners were our corporations.
In fact, what were called the socialist countries in Eastern Europe were the most anti-socialist systems in the world. Workers had more rights in the United States and England than they had in Russia, and it was somehow still called socialism.
We must do better for our people by implementing a robust jobs agenda that prioritizes workers - not out-of-state corporations and CEOs.
The political establishment has brought about the destruction of our factories, and our jobs, as they flee to Mexico, China and other countries all around the world. Our just-announced job numbers are anemic. Our gross domestic product, or GDP, is barely above 1 percent. And going down. Workers in the United States are making less than they were almost 20 years ago, and yet they are working harder.
To the extent that our workers compete with low-paid Mexicans, it is as much through undocumented immigration as trade. This pattern threatens low-paid, low-skill U.S. workers. The combination of domestic reforms and NAFTA-related growth in Mexico will keep more Mexicans at home. It is likely that a reduction in immigration will increase the real wages of low-skilled urban and rural workers in the United States.
All the revolutions have happened when a Fidel or Marx or Lenin or whatever, who were intellectuals, were able to get through to the workers. They got a good pocket of people together and the workers seemed to understand that they were in a repressed state.
There is nothing wrong with corporations. Corporations are a good thing. But corporations should not be running our government. Corporations are good because they drive our economy, they encourage people to assemble wealth and to risk it and then create jobs.
Democracy no longer means what it was meant to. It has been taken back into the workshop. Each of its institutions has been hollowed out, and it has been returned to us as a vehicle for the free market, of the corporations. For the corporations, by the corporations. Even if we do vote, we should just spend less time and intellectual energy on our choices and keep our eye on the ball.
Many governments and corporations take no moral responsibility for the enslavement of migrant workers and freely do business with states built on the back of slave labour. Illicit financial flows and tax evasion are ignored in the interests of some nations and their corporations, stripping the tax base that is so vital for essential services.
I think that if a United States of Europe were to be formed, it would be in our interests to fight for it, as all our old traditions would remain in such a united Europe, whereas if we were to start now as part of the Russian Empire, everything that had ever been in Germany would disappear.
We have an obligation to each other to not only push our politicians, but to push companies to do right by their workers. They wouldn't even have successful companies without their workers. They are the glue that keeps things together. How, in the 21st century, we have mega-corporations that have lost sight of that boggles my mind.
When American workers are losing their jobs to people in other countries, Washington cannot afford to ignore this disturbing trend any longer. While Democratic presidential candidates want to just blame U.S. corporations, the reality is that their strategy won't help protect American workers or save their jobs.
Real wages for male workers in the United States are about what they were in the '60s.
All the technology of our production was still pre-War. They were sort of '38, '39 and the War had been stable and so we were infinitely behind whatever had been going on in the United States for instance.
Union membership is not the sole guarantor of job security and a living wage, but nonunion factory workers do not enjoy the same protections as union workers. They're subject to exploitation, underpayment and lower standards of workplace safety - which is also often the case for manufacturing workers outside the United States.
Corporations are a good thing. But corporations should not be running our government... They have driven the American economy since its founding, and the prosperity of our country is largely dependent on the free operation of corporations. But some corporations don't want free markets, and they don't want democracy. They want profits.
Free trade is an important component of our economy, but it also has to be fair. Too often, the needs of American workers are ignored while the interests of huge corporations are the focus of these trade deals.
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