Re:Why Are Corporations Hoarding Trillions?
by roymurdock on Friday January 22, 2016 @12:18AM
(#10950912)
The economics of this inertia is easy to understand, and there are readily available remedies. The world faces a deficiency of aggregate demand, brought on by a combination of growing inequality and a mindless wave of fiscal austerity...The only cure for the world's malaise is an increase in aggregate demand. Far-reaching redistribution of income would help, as would deep reform of our financial system -- not just to prevent it from imposing harm on the rest of us, but also to get banks and other financial institutions to do what they are supposed to do: match long-term savings to long-term investment needs.
Simplified primer by Joseph stiglitz.
http://huffpost.com/us/entry/world-economy-2016_b_8908560.ht...