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Friday, November 04, 2011

Stiglitz nails it again

The Globalization of Protest
Joseph E. Stiglitz
2011-11-04

"NEW YORK – The protest movement that began in Tunisia in January, subsequently spreading to Egypt, and then to Spain, has now become global, with the protests engulfing Wall Street and cities across America....

...The rise in inequality is the product of a vicious spiral: the rich rent-seekers use their wealth to shape legislation in order to protect and increase their wealth – and their influence...."

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