The Globalizer Who Came In From the Cold Joe Stiglitz: Today's Winner of the Nobel Prize in Economics
The World Bank’s former Chief Economist’s accusations are eye-popping – including how the IMF and US Treasury fixed the Russian elections
“It has condemned people to death,” the former apparatchik told me. This was like a scene out of Le Carre. The brilliant old agent comes in from the cold, crosses to our side, and in hours of debriefing, empties his memory of horrors committed in the name of a political ideology he now realizes has gone rotten.
A truly curious letter appeared in the New York Times two years ago headed, ‘It’s time to repay America’, by one Tony Blair. In it, he thanked Bill Clinton and the whole of the US for introducing him to the pleasures of governing the American Way. That, he wrote, meant ‘results, not theology… free from preconceptions and bureaucratic wrangling… Government should not hinder the logic of the market!’