Joseph Stiglitz - "Market Fundamentalism Is Dead"

Complete video at:

http://fora.tv/2008/10/20/Naomi_Klein_and_Joseph_Stiglitz_on_Economic_Power

Nobel Prize-winning economist Joseph Stiglitz criticizes American financial leadership in the run-up to the current economic crisis, and declares free-market fundamentalism "dead" as a guiding principle of the U.S. economy.

What is the role of the U.S. in the disposition of the world's economic and environmental resources? How are financial markets best defended from economic shock? Does liberalization ensure prosperity?

Journalist Naomi Klein speaks with economists Joseph Stiglitz and Hernando de Soto in a conversation moderated by David Harvey, Distinguished Professor of Anthropology at the Graduate Center - City University of New York (CUNY)

Joseph Stiglitz was chief economist at the World Bank until January 2000. Before that he was the chairman of President Clinton's Council of Economic Advisers. He was awarded the Nobel Prize in economics in 2001. He is currently a finance and economics professor at Columbia University. He is the author of Globalization and Its Discontents and The Roaring Nineties.