[lbo-talk] Why did Stiglitz endorse Volcker?

[Doug Henwood]

Another point re: whether Paul Adolph Volcker is a neoliberal and/or  
deregulator. There's a good chance that an Obama admin will tend  
towards some Progressive Era-style rationalization of capitalism after  
the wreckage of another Gilded Age. It will be about consolidating  
capitalist power, but it won't look like the previous freewheeling  
era. Shouldn't part of the task of a left in such a period be to point  
out that the change might not be as radical as it looks to some? To  
misread Volcker as another neolib/dereg'er would be to miss that.

Doug