Home | About | Donate

Nobel Economist Joseph Stiglitz Warns US Barreling Toward Second 'Great Depression' Thanks to Trump-GOP Failed Covid-19 Response

The problem is systemic. The system is Capitalism.

19 Likes

I was being sarcastic, Trump, the pathological liar… has not done anything legitimate in his whole life!

7 Likes

Ok, thanks. I have lost my sense of humor lately.

4 Likes

I would say start by changing the narrative. It is not going to be easy. Set realistic goals, a lot of small goals can equal one big goal.

3 Likes

Don’t be so sure about Trump stealing the next election. The economy is apt to be so bad, that he will get blamed. We tend to punish the guy holding the bag, even though the previous president caused the problem.

2 Likes

We never had a POTUS 180 degrees from Harry the buck stops here Truman. Trump and the GOP blame somebody else for everything except when they are taking credit for things that never actually happened. They and their media repeat these lies every 15 minutes 24/7, thereby turning the lies into facts, just as Goebbels’ play book dictates.

“The guy holding the bag” becomes whoever Trump and the GOP’s alternative facts allege is holding the bag. The cult takes great pride in their team getting away with more egregious lies than they did the day before.

6 Likes

For Trump to have to steal an election from the lifelong shill for the Banking and Corporate Secrecy Legal Fiction state of Delaware in the Private Interested persons of the poorly spoken House of Biden is barely conceivable.

See Hunter Biden in Ukraine on board of Burisma with his salary and lack of credentials while Status Quo Joe Biden was Obama’s VP Chief of Anti-Corruption Investigations in Ukrainian-U.S. relations, the silence of Democratic Leadership was ethically and morally deadening in that Cold War Kissinger & Associates way.

In itself that is only slightly more humiliating to the thief than Trump having to steal an election from the House of Clinton!
ttps://www.politico.com/story/2016/11/chelsea-clinton-foundation-marc-husband-230859
ttps://books.google.com/books?id=BhgAAAAAMBAJ&pg=PA12&lpg=PA12&dq=Clinton+cabinet+member+Ron+Brown%27s+role+in+Haiti&source=bl&ots=YeDEQ9AIWo&sig=ACfU3U2SjBrMbnz5Yy5EEsLcLomaffr8DQ&hl=en&sa=X&ved=2ahUKEwi53M6J7PzoAhX4JDQIHXHtALAQ6AEwCnoECAwQAQ#v=onepage&q=Clinton%20cabinet%20member%20Ron%20Brown’s%20role%20in%20Haiti&f=false

Which itself was only slightly less humiliating than Bush-Cheney needing to steal an election from no-accounts like Al Gore and Status Quo Joe Lieberman, the pious Senator from Legal Fiction postage stamp sized state of the Insurance industry of Connecticut!

Devolution in theory and political practice is easier to qualify than to quantify. I’m not up to the task being much more a generalist than any kind of specialist.

Mitch Ritter\Paradigm Sifters, Shifters and Song Chasers
Lay-Low Studios, Ore-Wa
Media Discussion List

3 Likes

Yes, the narrative is always important. Though humans in the not-so-distant past used exile as non-lethal punishment, it seems unlikely that’ll be invoked here - if for no other reason than the sociopathic figureheads are well-entrenched, so the question arises as to which entity(ies) have the authority, if indeed it exists at all.

1 Like

I’m not an economist, of any sort, and I can see that we are barreling towards a great depression. But I can also see that republicans are only half of the problem. Why no mention of neo-liberal policies and betrayals?

17 Likes

True. At one point exile had the potential to be lethal. People are a social species and aggregate intentionally. It is funny you mentioned this, earlier I envisioned the White House press Core standing up and walking out on the presidential briefing (until he stops lying) Another form of extinction. (extinction meaning removing reinforcement)

3 Likes

Perhaps because we have to begin at the source, which is, generally, the ascent of Reagan(omics) and then the shameful shift to the right by the Democrats.

9 Likes

A “prolonged depression” is exactly what I see hurling toward us. It’s mainly because the Trump gang has chosen to help the wrong people again and again. As Professor Stiglitz states the prolongation of current down turn is a direct result of Trump and GOP’s abhorrent, unprecedented stupidity. True that after the dust settles people will have no money to spend due to lack of jobs and long term unemployment.

5 Likes

Not so sure about that but then again it depends on what we mean by “legitimate”.

2 Likes

There will be an election? I’m not so optimistic.

3 Likes

And come to think of it, it’s a global depression which means no commerce as before and if coupled with run away inflation we’d be lucky to see any recovery for the next decade.

6 Likes

Perhaps you haven’t noticed, but the Democrats have been aiding and abetting this latest, massive and still ongoing heist being perpetrated on the working class. It’s both parties that are digging the dwindling middle class even deeper into the hole, a reality so often ignored here. And the tribes seem to be just fine with it. Certainly, Trump is more popular than ever with his Death Cult and, just as certainly, Nancy “Let them eat cake!” Pelosi is as popular as ever among the Dems.

9 Likes

Touche!
Thank you, Austin

1 Like

Hi bruce bennett:
Maybe we should start referring to the president as Covid Trump----because he is somehow able to infiltrate and poison so many minds—and with deadly consequences too! : (

2 Likes

Hi fern:
Ohhh I thought of something fun too. At his next news conference, reporters will make a pact to have a silly SNL style show They will speak in gibberish when asking questions and pretend that they understand what each other are saying—and maybe Trump will freak out and think that he is going crazy. It might be fun for a minute or two. : ) It would certainly wipe the hubris from his face—even if for a bit : )
It’s kind of like," THE Emperors New Clothes," but with words being incomprehensible instead of Trump being naked. : )

5 Likes

Joseph Stiglitz has a problematic belief in economic growth to infinity on a finite planet. “So much wealth has been lost that people may not spend like they did before, he points out. The stimulus was not big enough.”

Ignored in this erudite analysis is the way people were spending before was rapidly ending life for warm blooded animals. The way we were spending before clouded clear blue skies with poisonous pollution.

The second great depression might lead to exodus from wage slavery that destroys Earth for a few dimwits who want to die rich. I say communicate. Tell stories. Send songs. Recognize representative democracy represents capital growing faster and faster to infinity on one Earth.

4 Likes