A Quote by Joseph Stiglitz

What I argued in 'The Great Divide' is that societies can't function without trust, both politically and economically. — © Joseph Stiglitz
What I argued in 'The Great Divide' is that societies can't function without trust, both politically and economically.
To have peace and not war, the drift toward a war economy, as facilitated by the moves and the demands of the sophisticated conservatives, must be stopped; to have peace without slump, the tactics and policies of the practical right must be overcome. The political and economic power of both must be broken. The power of these giants of main drift is both economically and politically anchored; both unions and an independent labor party are needed to struggle effective.
Successful societies-those which progress economically and politically and can control the terms on which they deal with the outside world-succeed because they have found ways to match individual self-interest to the collective good.
The reason I made women's issues central to American foreign policy, was not because I was a feminist, but because we know that societies are more stable if women are politically and economically empowered.
Trust is a function of both character and competence. Of course you can't trust someone who lacks integrity, but if someone is honest but they can't perform, you're not going to trust them either. You won't trust them to get the job done.
Honesty . . . is the foundation upon which relationships and many societies are built. Without it . . . there can be no trust. Widespread lying destroys the fabric of democratic societies, in which the necessary assumption is that people mostly tell the truth.
What social safety net does is provide a glimmer of hope for what a democratic socialist society might look like. It makes the claim that without social provisions, without a welfare state, without a social contract, society can't survive. We need a foundation for people - economically, politically, and socially - where what the Right considers "entitlements" are really rights.
We need to have a grown-up conversation about what kind of system do we need, both politically and legally and culturally and economically, that will stop this ridiculous, outrageous harming that we're doing to ourselves and the planet.
The public don't want to authorize the internet to become a battleground. We need to do everything we can as a society to keep that a neutral zone, to keep that an economic zone that can reflect our values, both politically, socially, and economically.
Trust is perhaps the most critical single building block underlying effectiveness. Without trust leaders do not have followers. Without trust, leaders are impotent despite great rhetoric or splendid ideas. Trust rests on the belief among followers that the leader is transparent: What you see is what there is. Trust means followers believe there is no duplicity; no manipulation just to satisfy the leader's ego. Very simply: The effective leader is transparent; that's why that person is trusted.
Communism is a monopolistic system, economically and politically.
It is much more difficult to get implemented politically what might be desirable economically. Even if you came out with an economic argument in favor of equalization - and I think there are arguments on both sides - I would still come down in favour of some sort of a scheme on strict economic grounds.
The young people of India will build a strong and powerful nation, a nation that is politically mature and economically strong, a nation whose people enjoy both a high quality of life as well as justice.
Without education, we are weaker economically. Without economic power, we are weaker in terms of national security. No great military power has ever remained so without great economic power.
For some time, Scotland's greatest exports to England have included whisky and Scottish MPs. Or, in the case of Charles Kennedy, both. All these links, politically, economically, culturally, are part of my Union. Would Glasgow's brilliant Commonwealth Games or the Edinburgh Festival be any better for our being independent? I doubt it.
The problem we have is not Democrats versus Republicans. It is a Washington cartel. I've said many times the biggest divide we have politically is not between Republicans and Democrats. It's between career politicians in both parties and the American people.
American civil rights leader, Where Do We Go from Here: Chaos or Community? Lynching is a murder. For the past four hundred years our people have been lynched physically, but now it's done politically. We're lynched politically, we're lynched economically, we're lynched socially, we're lynched in every way that you can imagine.
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