Joseph Stiglitz : The end of neoliberalism and the rebirth of history

[Buckeyeblue]

115. So are you arguing in favor of trickle-down economics?

I would argue that much of the US statistical evidence you cited has more to do with the upward curve of our economy that are largely because the Obama Administration decided to not let GM and banks fail.

Other factors such as longer life spans have more to do with more people being vaccinated, increased safety requirements for cars and continued safety requirements for work, as well as social security and Medicare for those older than 65. All of these things would be rolled back or completely eliminated in a pure neoliberal approach.

Lower pregnancy rates can be attributed to access to birth control and abortion (mainly birth control). Again, a full neoliberal approach would greatly eliminate birth control and require woman who become pregnant to give birth.

Financially, most families require two paychecks just to make ends meet. There little personal savings and real wages are less than our parents and continually going down due to rising health care costs.