Asia Times Online Fri 2010-02-05 10:49 EST
Stiglitz pinpoints 'moral' core of crisis
Nobel Laureate economist Joseph Stiglitz rightly condemns the "ersatz capitalism" of the United States, yet the government there is fixated on resurrecting the morally depraved system that led to the present crisis. Reformists forget that predatory lenders in the US in theory forfeit any right of collection. Start to fix that, and a new economic order could emerge. - Henry CK Liu
Asia Times Online; core; Crisis; morale; Stiglitz pinpoints.