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The Roaring Nineties
Seeds of Destruction
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The 1990s promised prosperity for the world: a new era of unprecedented economic growth, with capitalism American-style reigning supreme. So why did it all go wrong? As chairman of Clinton´s Council of Economic Advisors and Chief Economist at the World Bank, Joseph Stiglitz was uniquely placed to watch first-hand as the ´90s unfolded. This revealing book rewrites the history of the 1990s to show how a misplaced faith in free market ideology created problems that could cost us all dearly. But more than that, it lays out a blueprint for the future. The ´90s, Stiglitz concludes, witnessed a mi...
The 1990s promised prosperity for the world: a new era of unprecedented economic growth, with capitalism American-style reigning supreme. So why did it all go wrong? As chairman of Clinton´s Council of Economic Advisors and Chief Economist at the World Bank, Joseph Stiglitz was uniquely placed to watch first-hand as the ´90s unfolded. This revealing book rewrites the history of the 1990s to show how a misplaced faith in free market ideology created problems that could cost us all dearly. But more than that, it lays out a blueprint for the future. The ´90s, Stiglitz concludes, witnessed a misguided attempt to achieve growth on the cheap - and we must learn from our mistakes or pay the price for years to come.