Skip to main content

View Diary: Climate change and concentration of wealth are our biggest economic problems says Joseph Stiglitz (14 comments)

Comment Preferences

  •  Thanks. Yes, I didn't preface the title with (6+ / 0-)

    "breaking - Stiglitz thinks Americans economy policy is sub-optimal, because he has expressed the theory about unequal distribution of wealth before.  

    But, this is the first time I've heard him say global warming is our biggest economic problem.  Has he said this before?

    The means is the ends in the process of becoming. - Mahatma Gandhi

    by HoundDog on Tue Jan 08, 2013 at 05:44:37 PM PST

    [ Parent ]

    •  Was in the room (7+ / 0-)

      with him years ago where he showed a reasonably strong understanding / concern as part of a group conversation.  He was w/the 2007 IPCC.

      Stiglitz joined the Clinton Administration in 1993,[39] serving first as a member during 1993-1995, and then appointed Chairman of the Council of Economic Advisers on June 28, 1995, in which capacity he also served as a member of the cabinet. He became deeply involved in environmental issues, which included serving on the Intergovernmental Panel on Climate Change, and helping draft a new law for toxic wastes (which was never passed).
      His book Making Globalization Work had climate change as a major element of the discussion.
      Among the issues Stiglitz addresses in the book are the links between globalization and the pervasive poverty, inequality, financial instability, and indebtedness that plague many developing nations. He critiques the trade and capital market liberalization that were key components of the much-reviled “Washington Consensus” of the 1990s and points to the now-widespread agreement that these policies focused “too much on just an increase in GDP, not on other things that affect living standards.” Stiglitz argues that international financial policies also “focused too little on sustainability—on whether growth could be sustained economically, socially, politically, or environmentally.”

      Stiglitz’s attention to environmental issues is significant in light of the tendency of many mainstream economists to give them short shrift. “Making economic globalization work will be of little use if we cannot solve our global environmental problems,” he writes. In particular, Stiglitz highlights the inadequacy of the current international response to climate change, criticizing the U.S. failure to participate in the Kyoto Protocol while also noting the high hurdles to bringing both the United States and large developing country emitters of greenhouse gases into the treaty’s fold. In response to these limitations, he suggests an alternative climate framework that would be based on common carbon taxes among nations rather than on negotiated emissions targets.

      Etc ...

      Blogging regularly at Get Energy Smart NOW! for a sustainable energy future.

      by A Siegel on Tue Jan 08, 2013 at 06:02:15 PM PST

      [ Parent ]

    •  Not just Joe Stiglitz (0+ / 0-)

      The US military, the German military, and the UN have all released strategic papers calling the forced movement of entire national populations under pressure of climate change as the number one problem in the world.

Subscribe or Donate to support Daily Kos.

Click here for the mobile view of the site