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Anybody who knows about capitalism knows that bankruptcy is an essential part of capitalism.

Joseph Stiglitz

Related Topics

Bankrupt Capital Essential Investment

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Ask not what your country can do for you, ask what you can do for your country.
JOSEPH STIGLITZ

Country Independence Inspirational
What you measure affects what you do. If you don’t measure the right thing, you don’t do the right thing.
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Affect Measure Right
Letting bygones be bygones is a basic principle in economics.
JOSEPH STIGLITZ

Economy Principle
It’s easy to get rich by getting a state asset at a deep discount.
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Asset Discount Rich Strategy
Anybody who knows about capitalism knows that bankruptcy is an essential part of capitalism.
JOSEPH STIGLITZ

Bankrupt Capital Essential Investment
When you don’t have equality of opportunity because you don’t have equal access to education, it just seems so outrageous. It weakens our economy and leads to more inequality.
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Economy Education Equality Inequality Opportunity
The U.S. won’t be free of Covid-19 until the world is.
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Country Covid-19 World
Multinational corporations must pay their fair share of taxes.
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Business Corporation Pay Tax
Development is about transforming the lives of people, not just transforming economies.
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Development Economy Live People Transformation
In developing countries, lack of infrastructure is a far more serious barrier to trade than tariffs.
JOSEPH STIGLITZ

Country Development Infrastructure Serious Trade
The extra curricular activity in which I was most engaged – debating – helped shape my interests in public policy.
JOSEPH STIGLITZ

Activity Circular Debt Help Interest Policy Public
Bitcoin is successful only because of its potential for circumvention, lack of oversight.
JOSEPH STIGLITZ

Bitcoin Lack Oversight Potential Success
The reason that the invisible hand often seems invisible is that it is often not there.
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Invisible Reason
When markets fail, as they often do, collective action becomes imperative.
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Bitcoin Crypto Currency Failure Market Share Market
The more divided a society becomes in terms of wealth, the more reluctant the wealthy are to spend money on common needs.
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Money Need Society Spend Wealth
Nationalization of private debts undermines prudential lender behavior and is a government intervention in the market.
JOSEPH STIGLITZ

Behavior Debt Government Market Private

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