I became convinced that the advanced industrial countries, through international organizations like the International Monetary Fund (IMF), the World Trade Organization (WTO), and the World Bank, were not only not doing all that they could to help these [developing] countries but were sometimes making their life more difficult. IMF programs had clearly worsened the East Asian crisis, and the "shock therapy" they had pushed in the former Soviet Union and its satellites played an important role in the failure of the transition. Joseph E. Stiglitz
Some Similar Quotes
  1. I don't care a damn about men who are loyal to the people who pay them, to organizations... I don't think even my country means all that much. There are many countries in our blood, aren't there, but only one person. Would the world be... - Graham Greene
  2. I can see how it might be possible for a man to look down upon the earth and be an atheist, but I cannot conceive how a man could look up into the heavens and say there is no God. - Abraham Lincoln
  3. Civilized men are more discourteous than savages because they know they can be impolite without having their skulls split, as a general thing. - Robert E. Howard
  4. In my many years I have come to a conclusion that one useless man is a shame, two is a law firm, and three or more is a congress. - Peter Stone
  5. You know what's truly weird about any financial crisis? We made it up. Currency, money, finance, they're all social inventions. When the sun comes up in the morning it's shining on the same physical landscape, all the atoms are in place. - Bruce Sterling
More Quotes By Joseph E. Stiglitz
  1. Rather than justice for all, we are evolving into a system of justice for those who can afford it. We have banks that are not only too big to fail, but too big to be held accountable.
  2. The protesters have called into question whether there is a real democracy. Real democracy is more than the right to vote once every two or four years. The choices have to be meaningful. But increasingly, and especially in the US, it seems that the political...
  3. Democracy, we now know, is more than periodic elections in some countries, such elections have been used to legitimize essentially authoritarian regimes and deprive large parts of the citizenry of basic rights.
  4. Suppose someone were to describe a small country that provided free education through university for all of its citizens, transportation for schoolchildren, and free health care - including heart surgery - for all. You might suspect that a country is either phenomenally rich or on...
  5. The only true and sustainable prosperity is shared prosperity.
Related Topics