Wall Street and the Third World: vanityfair.com

A good article by Joseph Stiglitz about the damage that has been done by the current economic crisis to the idea of market forces. America has prescribed tough medicine (spending cutbacks, no bailouts) for other parts of the world when they have faced economic crises, but then it does the opposite when facing its own crisis. The ideas of the West in regards to global economics have been under suspicion in the developing world, because the ideas seem to benefit primarily the West and not all the world.

Wall Street and the Third World: vanityfair.com

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