Joseph Stiglitz

In a long term prediction 22 months ago, Stiglitz told listeners of the Alex Jones show that he believed a global economic crash would occur within 2 years. With major financial institutions now folding every week, others touting mergers just to stay afloat and stocks continually plummeting on a daily basis it seems that prediction is coming to pass.

Read the whole article. It is interesting. Many others, including myself, made this prediction, but the analysis is still interesting. I am not sure who Alex Jones is or what agenda, orientation, or background his show may have. I am just taking note.

Axé.


2 thoughts on “Joseph Stiglitz

  1. Aha! Not wrong, but they are often simpler than the reality which has even more players. My brother always says my lefty analyses of things are conspiracy theories but I say no, they just take history into account and things happen not because of conspiracy but because of overdetermination.

    What do you think of these proposed analogies?

    Conspiracy – like intelligent design theory, one well coordinated mind behind it all
    Overdetermination – like natural selection, increasingly complex

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