Go Joe! Stiglitz that is – Worth Watching in 2007
Joseph Stiglitz is working himself up from simply winning a Nobel prize to being one of the leading critical commentators on all things economic and many things political. He doesn’t seem exactly shy, he writes well, he’s prepared to stir things up, and his credentials give him a platform that few others have. My prediction – watch him become more prominent and more controversial in the months to come. Go Joe!
Here are two examples.
Via slashdot, an editorial in the British Medical Journal about intellectual property rights, which is an issue that will only get bigger in the next few year. He not only lambasts the existing system, but actually has an alternative to propose (a medical prize to fund innovations). Here are some extracts:
… In 1995 the Uruguay round trade negotiations concluded in the establishment of the World Trade Organization, which imposed US style intellectual property rights around the world. These rights were intended to reduce access to generic medicines and they succeeded. As generic medicines cost a fraction of their brand name counterparts, billions could no longer afford the drugs they needed. For example, a year’s treatment with a generic cocktail of AIDS drugs might cost $130 (£65; Continue reading