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22 Quotes from People, Power and Profits by Joseph Stiglitz

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Nobel prize winner economist Joseph Stiglitz has written a new book called People, Power and Profits . In this book he describes how, since the mid-1970s has been dominated by a conservative ideology which, step-by-step has brought every increasing inequality and the undermining of democracy. In the book, Stiglitz explains what's wrong and what's needed and how to move forward.

Races don't exist

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Nowadays we hear a lot about racism and how bad it is. Famous football players, in a UEFA campaign, are sending the message to say 'no' to racism. By using the word racism we refer to the underlying concept of race. Races, subspecies, exist throughout biology. We all understand, perhaps not precisely, but roughly what is meant when we talk about human races and racism. I say that we understand roughly what is meant, because we all associate the term race with concepts like the with race, the black race, the Jewish race, and the Asian race. I say that we do not know precisely what is meant, because we do not know exactly, for example, what makes someone a Jew, and whether Chinese people and Indian people belong to the same race. It also gets confusing when we think about the race of president Obama. Does he belong to the 'black' race? That is what is often said ("the first black president' of the United States) but what about the fact that his mother was '...