Yesterday we started looking at Joseph Stiglitz, the massively influential Columbia University economist who derides “American-style capitalism” while preaching government intervention as the key to prosperity. We ended up by stating that while Stiglitz has been called a liberal, it really makes more sense to call him a socialist. Why?
Well, to begin with, quite simply, he’s a card-carrying member of the Socialist International. In 2008, he chaired a Socialist International commission charged with “tackling the global financial crisis.” The commission’s other members included not just socialists but out-and-out Communists from around the world.
As great as Stiglitz’s enthusiasm for the UN is his contempt for the International Monetary Fund. In his 2002 book Globalization and Its Discontents, according to Irwin M. Stelzer, Stiglitz “almost equates the consequences of policy failures by the International Monetary Fund with the consequences of Nazi Germany’s final solution.” What, in Stiglitz’s view, needs to be done to fix the IMF? Easy: give more power to the African countries that are the chief beneficiaries of its largesse. As Stelzer put it, “in a perfect world it would be sensible to confer more power on the recipients of IMF assistance so that the funds might be deployed more effectively. But we don’t live in that world. Ours is one in which kleptocratic African regimes impoverish their nations with a combination of misrule, military adventures, and policies that discourage inward investment.”
Then there’s Stiglitz’s connection to George Soros, the far-left multibillionaire who is actively seeking to use his wealth to transform the world – and, not least, as we’ve seen in previous posts on this site, diminish American power and American freedom. Soros, as Cliff Kincaid has observed, “wants to phase out the U.S. dollar as the international reserve currency and bring the U.S. into a system of international socialism, with new and more powerful global agencies deciding our economic and financial fate.” And who is Soros’s “point man” on this alarming project? None other than Joe Stiglitz – who, as head of a Soros-funded NGO called the Initiative for Policy Dialogue, is fighting for the institution of “a new international currency” and of an international taxation system.
Yes, you read that right: an international taxation system.