"Turn Left for Growth"

Joseph E. Stiglitz, Columbia University | August 18, 2008

In times of elections, it becomes obvious that both the right and the left promise the same thing which is economic growth. ++ However, the growth strategies and the ideas about the role of the state differ from each other. ++ The right-wing assumption that in the long run markets are "self-correcting" was proven wrong by recent developments in the US economy. ++ Therefore, the left has a more coherent agenda today, one that offers higher economic growth, as well as social justice. ++ Voters should think about this before election day.