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FORA.tv Series: Is Capitalism Dead?

Naomi Klein and Joseph Stiglitz on Economic Power

The Graduate Center, CUNY
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Michael A. Thompson Avatar
Michael A. Thompson
Posts: 20
Posted: 11.08.08, 05:00 AM
I agree 100% with de Soto! The problem is not with partially free market capitalism but with the lack of information that underlines it. Though our current national policy of financial mercantilism is certainly no small contributor to the problem.
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brushes9 Avatar
brushes9
Posts: 9
Posted: 11.09.08, 06:23 PM
Sorry, but Soto sounds like an 18th century philosopher, providing us with a "theory of everything" that belongs in a museum, not in the real world. For example, cars are well documented as property, but "perfect" documentation of a car's identity and ownership still does not protect the system from "lemons" being introduced into the system and causing havoc. Moody's and S&P "fraudulantly" rated the sub-prime derivatives triple A? How can that narrowly be solved by Soto's precise system of property documentation? Stiglitz pointed out how CEO's have incentives that make them rich, but bankrupt the company, a corporate governance issue. Stiglitz didn't take Soto to school only because he was busy being charmed by beautiful Naomi.
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Q. Turner Avatar
Q. Turner
Posts: 0
Posted: 11.14.08, 09:38 AM
Naomi Klein makes me gnash my teeth with her soppy non-sequiturs but Stieglitz and De Soto are worth listening to, David Harvey asks the right questions.
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farber2 Avatar
farber2
Posts: 64
Posted: 11.24.08, 05:12 PM
no system can work with corruption, and deregulating to the point of scam.
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farber2 Avatar
farber2
Posts: 64
Posted: 11.24.08, 05:13 PM
naomi is great.
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Newspeaker Avatar
Newspeaker
Posts: 37
Posted: 12.02.08, 11:06 AM
Naomi does reach with her broad, conclusionary statements from time to time, but overall I think she is more right than wrong. I appreciate the chances she takes and her provocative viewpoints are what we need more of.
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celt goshawk Avatar
celt goshawk
Posts: 0
Posted: 12.05.08, 08:37 PM
My comment is more on the comments. These forums open up content for dialogue beyond the stage.
It is overwhelming trying to understand where we are financially. How we got here is impossible to see . It is to soon. I applaud these courageous challengers attempting to move the jigsawed pieces about.
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brushes9 Avatar
brushes9
Posts: 9
Posted: 12.07.08, 04:03 PM
No, it is really not very complicated. Soto is right only in a Zen manner, but then I could say that the financial crises stems from improper breathing. Proper breathing is the mark of and enlightened mind, whom would never have led us to this disaster. I am right just like Soto is right, but people like you are left thinking that this is a "complicated" subject. It is not. It is simple fraud and theft.
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sactownjudge Avatar
sactownjudge
Posts: 40
Posted: 12.07.08, 05:58 PM
Naomi Klein is an embarrassment - her research is hysterically shoddy. And it's odd to see so many members of a credulous public falling for her pseudo-scholarship.

Here's Jonathan Chait of The New Republic breaking it all down. It doesn't matter how you feel about TNR or Chait - you can't read this and escape the conclusion that Klein doesn't have the first clue what she's talking about and that the "Shock Doctrine" is just a book-length exercise in politicized self-indulgence.
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sactownjudge Avatar
sactownjudge
Posts: 40
Posted: 12.07.08, 07:43 PM
Here it is....
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