Showing posts with label Globalization. Show all posts
Showing posts with label Globalization. Show all posts
Friday, March 14, 2025
Professor Robert MacCulloch: Famous US Economists are Looking like Hypocrites & Fools....
Labels: Globalization, Professor Robert MacCullochFamous US Economists are Looking like Hypocrites & Fools with their Attacks on Trump's Policies. NZ Labour is Secretly being Advised by them.
Nobel Laureate Joseph Stiglitz, who has visited NZ and has a close relative living here, and secretly advised our Labour Party during the Ardern era, wrote a best-selling book called, "Globalization and Its Discontents" in 2002. It argued that globalization had hurt many low income workers. Meanwhile, another famous American economist, Harvard Professor Danii Rodrik, wrote a follow-up book called "The Globalization Paradox" in 2011 arguing for a leaner global system "that puts national democracies front and center". It warned of "pushing economic globalization beyond the boundaries of institutions that regulate, stabilize, & legitimize markets. Hyper-globalization in trade & finance, intended to create seamlessly integrated world markets, has torn domestic societies apart". Both Stiglitz & Rodrik wrote their books before Trump became President.
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