Welcome back for another episode of Nick’s Non-fiction with your host Nick Muniz!

Nobel prize in economics recipient Joseph Stiglitz risks it all in his national bestseller, Globalization and its Discontents. A former chief economist of the world bank and resident economic advisors to Clinton, keys us into asymmetrical information and unbalanced ledgers. Directly overseeing the transition of the Soviet Union to a capitalist Russia, Stiglitz points out authoritarian trade deals which enrich governments and impoverish people showing the negative overall effects of globalization. He describes the IMF as a henchman for G-7, continuously shaking down developing nations and giving the old “bailout buy-in” to third world countries. The World Trade Org and GATT employ a join or die mentality, rather racially insensitive if your goal is to end poverty, to be regulating indigenous Ethiopian and Kenyan banks into foreclosure. Bring your snorkeling gear, this show goes deep exploring the history of the Roman debtors system and black nobility throughout the ages. The program includes eery comparisons to the ominous League of Shadows as we wait for a Batman to save planet Gotham.

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00:20 Introduction

03:15 About the Author

06:15 Ch1: Promise of Global Institutions

14:10 Ch2: Broken Promises

22:15 Ch3: Freedom to Choose

27:10 Ch4: IMF Epic Fail

35:10 Ch5: Mischievous Trade Laws

38:40 Ch6: Better Roads to the Market

42:20 Ch7: IMF Other Agendas

47:10 Ch8: The Way Ahead

55:30Next Time & Goodbye!

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