[lbo-talk] my comment on the Stiglitz/Madrick you tube

[Joanne Landy]

Below is the comment I posted on Facebook after seeing the YouTube of 
Joseph Stiglitz and Jeff Madrick speaking at the Wall Street Occupation:

I watched most of this, and enjoyed the jovial and relaxed presentations. 
But I didn't agree with Stiglitz's apparent argument that if we only had 
"real" capitalism things would be ok. Though of course we have to try to 
regulate the Wall Street highway robbers, the corrupt "distortions" of the 
system are endemic since those with hugely disproportionate economic power 
will always be able to distort the political regulatory process in their 
favor. That's why we need socialism.

--Joanne