Who really supports freedom? | Joseph Stiglitz interview

-- Joseph Stiglitz, economist, Professor at Columbia University, Nobel laureate, and author of the new book "The Road to Freedom: Economics and the Good Society," joins David to discuss markets, rights, freedom, and much more. Get the book: amzn.to/3JwodtT
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Broadcast on April 23, 2024
#davidpakmanshow #freedom #economics

[@thedavidpakmanshow]

Tell Arizona to STOP their near-total abortion ban now! atadvocacy.com/arizona-ban-41024?ref=dp

[@Doug_Piranha]

Asked on Quora: *"Why do some British people not like Donald Trump?"* An articulate and witty writer from England, *Nate White,* wrote the following spot-on answer, *sentiments shared by people around the world in general* … “A few things spring to mind. Trump lacks certain qualities which the British traditionally esteem. For instance, he has no class, no charm, no coolness, no credibility, no compassion, no wit, no warmth, no wisdom, no subtlety, no sensitivity, no self-awareness, no humility, no honour and no grace; all qualities, funnily enough, with which his predecessor Mr. Obama was generously blessed. So for us, the stark contrast does rather throw Trump’s limitations into embarrassingly sharp relief. Plus, we like a laugh. And while Trump may be laughable, he has never once said anything wry, witty or even faintly amusing. Not once, ever. I don’t say that rhetorically, I mean it quite literally: not once, not ever. And that fact is particularly disturbing to the British sensibility. For us, to lack humour is almost inhuman. But with Trump, it’s a fact. He doesn’t even seem to understand what a joke is. His idea of a joke is a crass comment, an illiterate insult, a casual act of cruelty. Trump is a troll. And like all trolls, he is never funny and he never laughs; he only crows or jeers. And scarily, he doesn’t just talk in crude, witless insults, he actually thinks in them. His mind is a simple bot-like algorithm of petty prejudices and knee-jerk nastiness. There is never any under-layer of irony, complexity, nuance or depth. It’s all surface. Some Americans might see this as refreshingly upfront. Well, we don’t. We see it as having no inner world, no soul. And in Britain we traditionally side with David, not Goliath. All our heroes are plucky underdogs: Robin Hood, Dick Whittington, Oliver Twist. Trump is neither plucky, nor an underdog. He is the exact opposite of that. He’s not even a spoiled rich-boy, or a greedy fat-cat. He’s more a fat white slug. A Jabba the Hutt of privilege. And worse, he is that most unforgivable of all things to the British: a bully. That is, except when he is among bullies; then he suddenly transforms into a snivelling sidekick instead. There are unspoken rules to this stuff, the Queensberry rules of basic decency, and he breaks them all. He punches downwards, which a gentleman should, would, could never do, and every blow he aims is below the belt. He particularly likes to kick the vulnerable or voiceless, and he kicks them when they are down. So the fact that a significant minority, perhaps a third, of Americans look at what he does, listen to what he says, and then think ‘Yeah, he seems like my kind of guy’ is a matter of some confusion and no little distress to British people, given that: - Americans are supposed to be nicer than us, and mostly are. - You don’t need a particularly keen eye for detail to spot a few flaws in the man. This last point is what especially confuses and dismays British people, and many other people too; his faults seem pretty bloody hard to miss. After all, it’s impossible to read a single tweet, or hear him speak a sentence or two, without staring deep into the abyss. He turns being artless into an art form; he is a Picasso of pettiness; a Shakespeare of shit. His faults are fractal: even his flaws have flaws, and so on ad infinitum. God knows there have always been stupid people in the world, and plenty of nasty people too. But rarely has stupidity been so nasty, or nastiness so stupid. He makes Nixon look trustworthy and George W look smart. In fact, if Frankenstein decided to make a monster assembled entirely from human flaws, he would make a Trump. And a remorseful Doctor Frankenstein would clutch out big clumps of hair and scream in anguish: ‘My God, what have I created?’ If being a twat was a TV show, Trump would be the boxed set.”

[@gregcable3250]

In the words of the great Pat Paulsen: Picky, picky, picky.

[@Stefita83]

OMG, this is pure gold! 🙌🏻🙌🏻🙌🏻 He hits the nail right on the head, so well said, bravo! 👏🏻👏🏻👏🏻 As a Canadian, I agree 100%

[@jimohara]

I couldn’t even be bothered reading all that tosh. The writer may as well have said they were brainwashed by the BBC and Channel 4 News and had no actual idea what they were talking about. A large part of the rest of the world hasn’t forgotten the British Empire and how insufferable some Brits can be.

[@reubenhandel210]

Here in America we like that Trump is one of the only world leaders to actually accomplish something outside of politics and did not get wealthy by taking bribes like his opponents did. We also liked his foreign policy which is the primary role of the President because he ended wars and made peace deals, again unlike his opponents. You hate him because he isn't part of the club. He's Rodney Dangerfield in caddyshack and you are the blue blood old money corrupt guard at the country club

[@jeffjapan055]

Perfect

[@jgnmtz]

Freedom is a euphemism in our founding docs for ‘you’re free from fear of improper and/or unjust persecution, punishment and death . To me, it always stood for ‘if you play by the rules of the game, you will prosper, remain unshackled and be held as an example of the good that comes from a society and a govt that believes its people are the important things . However , corporations took that from us when they bought the Supreme Court . The ruling declaring corporations as ‘people’ suddenly made it seem that ‘freedom’ should protect corporations and the rich from being responsible, accountable for misdeed and endangering the public , and /or killing people for profit . Once that went into place, the idea that people we the priority in our democratic republic went out the window . Reagan lead a new war ! A war on living wages . A war on unions ! A war on safety nets ! A war on public health ! A war on fair taxation of the rich and powerful ! A war on the poor, the homeless and the mentally ill ! A war on all of our founding fathers protections against religion infiltrating our govt and our courts . Bush lead the war on Medicare by creating the donut hole ! He also lead the war on the USPS by forcing them to pay 75 years of benefits, pensions and other liabilities ‘in advance ‘ . Bush lead us into invading Iraq and the deaths of thousands of troops in order to win his reelection. All along, the military industrial complex began to demand more and more of our tax budget every year. We now have bases all over the world . We are the terrorist organization to try to rule the world . The U.S utilizes lies about ‘protect democracy ‘ & ‘protect children’ in order to invade other nations and steal their money, resources and install dictators who are friendly to our demands regardless of the suffering of their peoples . America , what a county JFC!

[@benjaminhenderson5025]

What a crock. Defend democracy by claiming anyone who votes any other way is destroying democracy. Not much of a democracy actually.

[@dribrom]

To create a just and prosperous society you have to start with teaching people moral values that benefits a just and prosperous society. You can't accept or condone people who behave selfishly and are greedy.

[@rickrinke1443]

You think governments aren’t greedy? You think government bureaucrats aren’t greedy? Time to grow up my friend!

[@dribrom]

@@rickrinke1443 All humans can be greedy and selfish, regardless of social/economic status. That is way I sad we need to start with teach people moral values. It's not something a government can regulate. Your reading comprehension is not the best....

[@rickrinke1443]

@@dribrom sorry you’re correct!!! I was responding to many on this issue and put the wrong reply to your post!!

[@rickrinke1443]

@madreese69 correct and socialism is not the answer to your claim! Prosperity is based on individual achievement thru direction and hard work!

[@peach495]

People in this country complain about "regulations" here. Then wonder how a 3rd story balcony could collapse with people on it in another country.

[@user-ki2lw8qk1t]

The problem with any kind of capitalism, especially with European social democratic "capitalism with a smile" is that the profit drive always overcomes the regulations designed to limit it. The collapse of social democracy around the globe between 1971--2024 and onward is ample evidence of this. We HAD a very prosperous social democracy under the New Deal, it created a basic floor and a ceiling on income, but it still allowed the capitalists to continue to accumulate huge amounts of money that they spent to deconstruct the New Deal. Theres no way to safeguard around this without taking the means of production away from the capitalists, because the law of capitalism is maximal profit accumulation. It will rip apart any regulation or limit that gets in its way, and because corporations live basically forever, they can do this work over the course of centuries. It took them 100 years to get from the New Deal to now, where they are poised to get rid of the last ragged remnants of it. Social democracy just resets the struggle without ending it. Only transitioning from capitalist to cooperative ownership of the corporation will solve the problem and end the cycle. I don't think state socialism works well either, in fact nationalization is just state capitalism, so it just recreates the problem, which is why most socialists today, at least in the US and EU, don't advocate for nationalization and believe in cooperative ownership instead as a better way to end the cycle for good.

[@guypalmiero1453]

This is a good interview. David please have on Michael Hudson. As much as I like Stiglitz, I think Hudson’s analysis of political economy is more insightful

[@kevinjenner9502]

Stiglitz 2008 book “The Three Trillion Dollar War” …Recommended

[@user-rb7jm9tv9f]

Revolution is like taking important decisions when you're drunk

[@vietnamd0820]

What about the American Revolution?

[@user-rb7jm9tv9f]

@@vietnamd0820 revolution for independence is a different thing but not all drunk decisions are bad

[@vietnamd0820]

@@user-rb7jm9tv9f Would revolution be a wise decision for people living under dictatorships like in Saudi Arabia or Russia?

[@dlcs1406]

If you take the descriptive terms literally, without progress we stagnate

[@tylerhackner9731]

Trump certainly doesn’t

[@dlariby]

I have one question: Does $2/gal of gas or $4/gal of gas make people more financially free? Guess which one occurred under Trump?

[@bevtaylor5466]

@dlariby No president has ever controlled the price of gas. However Trump allowed the Saudis to buy the largest oil refinery in Texas which gives them more power to drive the price up by refining less. Blame Trump if you’re going to blame anybody. Biden has increased oil production since he has been president.

[@wchristian2000]

@@dlariby I’m genuinely curious, where was gas $2/gal in the last 8 years?

[@dlariby]

@@wchristian2000 In the midwest it was about that price near the end of Trump's presidency.

[@wchristian2000]

@@dlariby interesting, I remember gas prices were about 3.25 where I am

[@crobinson2624]

What is freedom these days? In my view the only freedom is financial freedom.

[@user-cz5lj2vx1f]

Really? My question is""financial freedom" for WHO? ONLY Billionaires, Multi-Milionaires & Big Corporations? That;'s what we ALREADY have now!

[@xiaoka]

😂 that’s because you have no fear of losing your freedom of speech, assembly or travel. You’ll discover those are real freedoms as soon as you’re at risk of losing them.

[@crobinson2624]

@@user-cz5lj2vx1f when you have no debt, and make enough money to live and put a roof over your head, that’s freedom. And there are millions of Americans who are still in the shackles of debt.

[@stephenriggs8177]

I don't think the progressive arm is radical or calling for any kind of revolution. Universal health care and climate legislation are urgent needs of our society, especially as the demographics shift older.

[@Wordsmith1991]

Here's the real question which one of them is gonna drop like a ROCK, 1st and 2nd... before the Election?!

[@DeliveryDuoMax23]

Neither one...our freedom of speech is deemed Disorderly conduct by police while doing protected activity...

[@toddchavez8274]

I think an important distinction should be made that stoplights are not zero some mechanisms. There’s a yellow light, not just a green and red. We need to keep that in mind if we’re going to be thinking about any sort of coercion. There needs to be a zone, where people can be flexible, and having their need for flexibility. Can’t fall into the trap of deprivation. Resources aren’t limited, only creativity.

[@eyuin5716]

Neither

[@jerryjost7675]

If Trump gets immunity, that would also apply to Biden (current presitent) wh could conceivably put Trump in jail for life without repercussions.

[@SinclairPoppins]

I took an ambien and thought I was fifty and David was my father, and this older guy was a little boy and he carried a red balloon and Father Pakman and I were laughing at him.

[@Hatchet_Jack556]

Got any left?

[@SinclairPoppins]

@@Hatchet_Jack556Camera pans out as Paul McCartney’s “Maybe I’m Amazed” plays

[@Thenamesaysitall976]

Trump 2024 🇺🇸

[@bobbobbington3615]

Real GDP growth this year is under 2%. The Fed predicted about 2.6%, saying that was ok, but not good... and we're seeing under 2%!!!

[@JohnLee-ru4qg]

This is centrist nonsense

[@Hancockjohn-pl9cm]

freedom? lmfao! you ain't free in America. .