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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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We won’t have an economic recovery until Covid-19 is under control.
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American inequality didn’t just happen. It was created.
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Economists often like startling theorems, results which seem to run counter to conventional wisdom.
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Climate change poses an existential threat to the planet that is no less dire than that posed by North Korea’s nuclear ambitions.
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Letting bygones be bygones is a basic principle in economics.
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It’s easy to get rich by getting a state asset at a deep discount.
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The U.S. won’t be free of Covid-19 until the world is.
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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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The problem is a lot of what is called economics is not economics. It is more ideology or religion.
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Poverty is what we call the extremes at the bottom.
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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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The U.S. basically wrote the rules and created the institutions of globalisation.
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But while I loved all of these courses, there was an irresistible attraction of economics.
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In developing countries, lack of infrastructure is a far more serious barrier to trade than tariffs.
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Nationalization of private debts undermines prudential lender behavior and is a government intervention in the market.
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Ask not what your country can do for you, ask what you can do for your country.
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