Joseph Stiglitz and Lawrence Lessig at Occupy Wall Street

in Business, Current Affairs, Economics | October 12th, 2011 4 Comments

Joseph Stiglitz teach­es at the Colum­bia Busi­ness School and Columbi­a’s Depart­ment of Eco­nom­ics and, of course, won the Nobel Prize in Eco­nom­ics in 2001.

The mon­ey quote from his appear­ance had less to do with eco­nom­ics per se and more with democ­ra­cy: “We have too many reg­u­la­tions stop­ping democ­ra­cy, and not enough reg­u­la­tions stop­ping Wall Street from mis­be­hav­ing.” No bull­horns, are you seri­ous?

You prob­a­bly know Lawrence Lessig because of his work found­ing Cre­ative Com­mons and pro­mot­ing “Free Cul­ture.” (Watch his final speech on Free Cul­ture here.) Sev­er­al years ago, Lessig moved from Stan­ford to Har­vard, where he took up a new focus — gov­ern­ment cor­rup­tion. That’s what he grap­ples with in his new book, Repub­lic, Lost and this relat­ed video. Giv­en Lessig’s focus on how cor­po­rate mon­ey cor­rupts our polit­i­cal sys­tem, it’s not sur­pris­ing that he would have some­thing to say about the poten­tial of the Wall Street protests.

Relat­ed Con­tent:

Slavoj Zizek Takes the Stage at Occu­py Wall Street


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Comments (4)
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  • Mr. Dreamstream says:
    October 13, 2011 at 10:36 am

    Lessig is right this is a chance to bridge the us vs them, fake par­ti­san BS used to divide work­ing peo­ple. But one prob­lem is the blan­ket “tax the rich” (pun­ish the suc­cess­ful) idea which the right will always reject.

    What Lessig and just about every­one else miss­es is there is a dif­fer­ence between mak­ing mon­ey with a busi­ness that pro­duces real goods/services (i.e.Apple) and Pri­vate Banks that we have allowed to cre­ate all mon­ey as debt via Frac­tion­al Reserve Bank­ing to reap obscene prof­its and put con­sumers, gov­ern­ment and busi­ness­es into debt.

    If peo­ple were edu­cat­ed there are 2 things most would agree on:
    END THE CORRUPT DEBT-BASED MONETARY SYSTEM THAT PROFITS PRIVATE BANKS
    Sup­port HR 6550.

    Restore Arti­cle 1 Trade Tar­iffs that fund­ed gov­ern­ment for most of Amer­i­can his­to­ry, until com­plete­ly destroyed by cor­po­rate flunkies Rea­gan, Clin­ton, Bush and Oba­ma; pro­tect US jobs and pro­mote fair wages for for­eign work­ers.

    Reply
  • Dimitri says:
    October 14, 2011 at 1:31 pm

    This is weird, why do they repeat after them? They’re like 3rd graders or zom­bies, and the Zizek and Stiglitz are like some sort of preach­ers. Creepy.

    Reply
  • tim says:
    October 14, 2011 at 11:19 pm

    @Dimitri … I think it has to do with the con­cept of “one voice” but it is quite annoy­ing to lis­ten to. I think they are tak­ing that con­cept to far

    Reply
  • Mr. Dreamstream says:
    October 16, 2011 at 9:51 am

    @ Dim­itri. They shout repeat­ed things like that because they can’t use any kind of loud­speak­ers with­out a per­mit, and they group shout to trans­mit infor­ma­tion. But it is one of those things that pro­test­ers get car­ried away with that looks ridicu­lous to every­one else, and any­one that posts a video like the 1st one think­ing it will impress any­one is clue­less.

    Reply

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