Joseph Stiglitz - Under Ronald Reagan in the U...

Under Ronald Reagan in the United States and Margaret Thatcher in the U.K., there was a rewriting of the basic rules of capitalism. These two governments changed the rules governing labour bargaining, weakening trade unions, and they weakened anti-trust enforcement, allowing more monopolies to be created.

Joseph Stiglitz

American Economist

Born: Feb 9, 1943

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Capitalism, Unions, Changed, States, Rules, Weakened, Weakening, More, Allowing, Trade, Trade Unions, Reagan, Governing, Governments, Labour, Thatcher, Rewriting, Ronald Reagan, Created, Enforcement, Bargaining, United, United States, Basic, Margaret, Margaret Thatcher, Two, Monopolies

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Quotes To Explore

Capitalism does not permit an even flow of economic resources. With this system, a small privileged few are rich beyond conscience, and almost all others are doomed to be poor at some level. That's the way the system works. And since we know that the system will not change the rules, we are going to have to change the system. Martin Luther King, Jr.

Capitalism Change Will Few Rich Others Resources Way Rules System Some Small Economic Almost Almost All Since Beyond Know Does Permit Privileged Going Doomed Poor Works Even Conscience Level Flow

The inherent vice of capitalism is the unequal sharing of blessings; the inherent virtue of socialism is the equal sharing of miseries. Winston Churchill

Capitalism Socialism Virtue Miseries Sharing Blessings Equal Unequal Vice Inherent

Socialism states that you owe me something simply because I exist. Capitalism, by contrast, results in a sort of reality-forced altruism: I may not want to help you, I may dislike you, but if I don't give you a product or service you want, I will starve. Voluntary exchange is more moral than forced redistribution. Ben Shapiro

Service Me You Capitalism Socialism Will Starve States Moral Give Something More Results Exchange Simply Voluntary Forced Sort Because Redistribution Altruism Exist Contrast Than Owe May Want Dislike Product Help