why the fruits of development are not reaching the poor in usa?
December 28, 2006 7:02am CST
Mr. Joseph Stiglitz, Nobel Laurate 2001 in an interview felt that Trickledown Economics failed to work in USA. US has a good GDP growth rate. Then why the fruits of its development are not reaching the American poor?
4 Jan 07
Trickle down economics says that when Govt. spends more on its activities particularly development, the benefits should percolate down to the grass root levels. It fails because distributive justice is not the goal or aim of the politicians who rule any country.