Stiglitz writes: "President John F. Kennedy once said that a rising tide lifts all boats. But now, in the receding tide, Americans are beginning to see not only that those with taller masts had been lifted far higher, but also that many of the smaller boats had been dashed to pieces in their wake."
Joseph E. Stiglitz speaks at the World Economic Forum annual meeting, 01/26/11. (photo: Getty Images)
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