Stiglitz v. Bush

Joseph Stiglitz had a very interesting article in December 2007's edition of Vanity Fair: 'The Economic Consequences of Mr Bush'. Good title, eh? I first came across Stiglitz through his 2006 book, Globalization and its Discontents; very much an awareness raising analysis of what is more commonly known as "Americanization" - the act of publicising every asset, from hospitals to the government. He described the actions of the International Monetary Fund (IMF) and how their unguarded persistence led to fiscal decline throughout much of China and the East. It was an awakening read and a book I highly recommend. Here, he describes the devastation caused by Bush's policies on national economics, let alone the knock-on effects of the war in Iraq; something, he says, that will take generations to resolve (that's assuming an adept president is elected next time around). Depressingly, Stiglitz runs out of column inches to suggest ways that these circumstances can be reversed. Perhaps then the damage is irreversible.