Wednesday, August 28, 2013
The State Of Black America 50 Years After The March On Washington
Joe Stiglitz describes his experience 50 years ago when he participated in the march on Washington. He also reminds us that the social injustices that stimulated the protest have not been addressed. He attended the protest with the son of a Supreme Court Justice who worked hard to deal with the inequalities that existed 50 years ago. He would be saddened to observe the changes that have taken place in the Supreme Court and in America. We have gone backwards instead of forward. The economics profession has also been part of the problem. Some of its Nobel Prize winners have used economic theory to explain away the problems of inequality and social injustice. Many of their economic ideals have been embedded in our legal system.