Joe Stiglitz challenges 5 key myths about contemporary capitalism, which serve as the basis of the Romney-Ryan economic program:
(1) America is a land of opportunity.
(2) Trickle-down economics works (a k a “a rising tide lifts all boats”).
(3) The rich are the “job creators,” so giving them more money leads to more and better jobs.
(4) The cost of reducing inequality is so great that, as much as idealists would like to do so, we would be killing the goose that lays the golden egg.