Progressive capitalism – an oxymoron | Michael Roberts

by Graham H. Cox last modified 2019-04-27T08:21:28-04:00
"Stiglitz’s views are either pure naivety or clever sophistry –or maybe both. Does he really think that there was a period when capitalism benefited both workers and corporations; rich and poor? The ‘golden age’ after 1945 up the late 1960s was the exception in advanced capitalist economies and then only for those economies, not for Latin America, Asia, the Middle East and Africa. For the greater part of the globe, those decades were ones of dire poverty and a battle against imperialist exploitation."
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