Quote:
Originally Posted by Bri
Stiglitz is one of the top minds in the field and what he says deserves a bit more attention than the usual quacks in editorials.
The size of the country is fairly irrelevant to the points he discuses. He states a number of points that have helped equality in two successful economic regions in the world. Promoting home-ownership and savings, implementation of progressive taxation, collective bargaining for wages, and investment in research and education.
He suggest this leads to an improved economic outcome compared to the more predatory form of capitalism now in place the US and in case of the Nordic countries ultimately leads to better political representation. I can't really fault his argumentation.
|
Singapore has relatively low levels of home ownership. Most of the housing for the non-uber wealthy is state owned. U.S. policies regarding encouraging home ownership helped cause the financial crisis. Carry on.