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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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The problem is a lot of what is called economics is not economics. It is more ideology or religion.
JOSEPH STIGLITZ

Economy Ideology Problem Religion
The reason that the invisible hand often seems invisible is that it is often not there.
JOSEPH STIGLITZ

Invisible Reason
Ask not what your country can do for you, ask what you can do for your country.
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Country Independence Inspirational
Multinational corporations must pay their fair share of taxes.
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Business Corporation Pay Tax
Anybody who knows about capitalism knows that bankruptcy is an essential part of capitalism.
JOSEPH STIGLITZ

Bankrupt Capital Essential Investment
The U.S. won’t be free of Covid-19 until the world is.
JOSEPH STIGLITZ

Country Covid-19 World
Bitcoin is successful only because of its potential for circumvention, lack of oversight.
JOSEPH STIGLITZ

Bitcoin Lack Oversight Potential Success
It’s expensive to keep 2.3 million people in prison.
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Expensive People Prison
Inequality is a choice. It is not inevitable.
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Choice Inequality Inevitable
Letting bygones be bygones is a basic principle in economics.
JOSEPH STIGLITZ

Economy Principle
We won’t have an economic recovery until Covid-19 is under control.
JOSEPH STIGLITZ

Control Covid-19 Economy Recover
Society can’t function without shared prosperity.
JOSEPH STIGLITZ

Function Prosperity Share Society
When markets fail, as they often do, collective action becomes imperative.
JOSEPH STIGLITZ

Bitcoin Crypto Currency Failure Market Share Market
Economists often like startling theorems, results which seem to run counter to conventional wisdom.
JOSEPH STIGLITZ

Conventional Counter Economy Result Wisdom
When I said “the pocket of the banks,” it is not necessarily a mercenary relationship. It is a mindset.
JOSEPH STIGLITZ

Bank Mindset Pocket
Nationalization of private debts undermines prudential lender behavior and is a government intervention in the market.
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Behavior Debt Government Market Private

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