In a state worthy of the name there is no liberty. The people want to exercise power but what on earth would they do with it if it were given to them?
— Lenin
Joseph Stiglitz
Joseph Stiglitz went from academia on to some of the most powerful positions in the world possible for an economist, from advisor to the Clinton government to chief economist at the World Bank, he also picked up the 2001 Nobel Prize for Economics along the way. Stellar credentials indeed, yet I have heard reports that at meetings of the major world economic institutions, he is forced to stand behind the barriers along with the protestors, barriers which make sure the economic tyranny is not threatened by an outbreak of social democracy. His crime is to look at economics from a...