Listened to some of Clinton's economic speech this morning, was pleasantly surprised to hear her call for profit-sharing and other progressive ideas. Joe Stiglitz gave the speech a thumbs up:
New York—Roosevelt Institute Chief Economist and Nobel laureate Joseph Stiglitz released the following statement following Hillary Clinton’s economic address. Stiglitz and Roosevelt staff have held multiple briefings with Clinton campaign staff over the past several months on Roosevelt’s Rewriting the Rules of the American Economy agenda.
“This speech showed a clear understanding that our economy is no longer working for most Americans, that the rules of the economy matter, and that we need to fundamentally rewrite the rules to ensure our nation and its people can live up to their full potential. Growth is not achieved by pulling a number out of thin air but by focusing on and investing in our families and communities, ensuring Americans can earn enough to afford a middle-class life, and making our financial markets work for everyday Americans rather than the short-term interests of CEOs and speculators.
Today Hillary Clinton began to offer the kind of comprehensive approach we need to tackle the enormous economic challenges we face, one that is squarely in line with what we have called for at the Roosevelt Institute.”
