erik lundegaard

Monday December 15, 2014

The True Innovation of the Very Rich

“Those at the top have learned how to suck money from the rest in ways that the rest are hardly aware of. That is their true innovation.”

-- Joseph Stiglitz, Chair of the Council of Economist Advisors (1995-97) and chief economist at the World Bank (1997-2000), in “The Price of Inequality,” as quoted in Nick Davies'“Hack Attack: How the Truth Caught Up with Rupert Murdoch.”

Posted at 06:09 PM on Monday December 15, 2014 in category Quote of the Day  
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