{"id":3783,"date":"2012-06-10T22:36:34","date_gmt":"2012-06-11T03:36:34","guid":{"rendered":"http:\/\/www.progressivefox.com\/?p=3783"},"modified":"2018-08-16T15:51:01","modified_gmt":"2018-08-16T20:51:01","slug":"joseph-stiglitz-on-occupy-and-why-us-europe-austerity-will-only-weaken-economic-recovery","status":"publish","type":"post","link":"http:\/\/www.progressivefox.com\/?p=3783","title":{"rendered":"Joseph Stiglitz on Occupy and Why U.S.-Europe Austerity Will Only Weaken Economic Recovery"},"content":{"rendered":"<p><em>from <a href=\"http:\/\/www.democracynow.org\/\">Democracy Now!<\/a><\/em><\/p>\n<p><iframe width=\"450\" height=\"253\" src=\"http:\/\/www.youtube.com\/embed\/b9panueQ27I?rel=0\" frameborder=\"0\" allowfullscreen><\/iframe><\/p>\n<p>As European leaders scramble to address the sovereign debt crisis, Nobel Prize-winning economist Joseph Stiglitz argues the austerity measures pushed by Germany, the United States and international creditors are only &#8220;going to make the countries weaker and weaker.&#8221; If European economies contract, Stiglitz predicts that &#8220;our economy [will] go down further into the hole. &#8230; Those policies then increase the probability of our weak economy tipping over into recession.&#8221; Stiglitz&#8217;s new book is &#8220;The Price of Inequality: How Today&#8217;s Divided Society Endangers our Future.&#8221; Stigliz continues: &#8220;Occupy Wall Street was a reflection of a lot of American&#8217;s perspective that our economic system is unfair. &#8230; There was a hope after the crisis, that government would fix things, it didn&#8217;t. Or didn&#8217;t do enough, and that combination of economic unfairness and a political system that doesn&#8217;t seem capable of correcting these injustices, I think is what motivated a lot of the Occupy Wall Street.&#8221;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>from Democracy Now! As European leaders scramble to address the sovereign debt crisis, Nobel Prize-winning economist Joseph Stiglitz argues the austerity measures pushed by Germany, the United States and international creditors are only &#8220;going to make the countries weaker and weaker.&#8221; If European economies contract, Stiglitz predicts that &#8220;our economy [will] go down further into [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[79],"tags":[972,425,1049,1037,1127,1123,1125,124,454,1124,1126,123],"_links":{"self":[{"href":"http:\/\/www.progressivefox.com\/index.php?rest_route=\/wp\/v2\/posts\/3783"}],"collection":[{"href":"http:\/\/www.progressivefox.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/www.progressivefox.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/www.progressivefox.com\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"http:\/\/www.progressivefox.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=3783"}],"version-history":[{"count":2,"href":"http:\/\/www.progressivefox.com\/index.php?rest_route=\/wp\/v2\/posts\/3783\/revisions"}],"predecessor-version":[{"id":3786,"href":"http:\/\/www.progressivefox.com\/index.php?rest_route=\/wp\/v2\/posts\/3783\/revisions\/3786"}],"wp:attachment":[{"href":"http:\/\/www.progressivefox.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=3783"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/www.progressivefox.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=3783"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/www.progressivefox.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=3783"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}