Stiglitz blows the gaff - Mick Brooks reviews Joseph Stiglitz's book "Globalization and its discontents'" Maverick Nobel prize-winning economist Stiglitz lifts the lid on his years as Chief Economist to the World Bank and what really goes on behind the scenes. Though he’s certainly no Marxist, his insights confirm the correctness of the Marxist outlook on the world economy and its ruling institutions.
The beginning of the end of the US empire? Are we witnessing the beginning of the end of the American empire? The 20th century was the century of America’s rise to supremacy. Now, in spite of its present might, the US economy is showing all the signs of a future demise. It is no accident that just as the US economy begins to show its weakness, its emperors try to flex their muscles militarily. But the Empire looks as though it might be overstretching itself just when it seems that it is all-powerful.
The world economy after Iraq In the first three months of the year, the US economy grew at a 1.6% annual rate. All the signs are that the economic recession of 2001, from which 2002 saw a recovery, is now returning in 2003. The US economy is heading for what economists like to call a 'double-dip'.
