An interesting Vanity Fair article by economist Joseph Stiglitz.
I agree with much of his thought. However, there is a deeply profound question that he leaves unanswered. I think as an economist he does not address the implications of his article.
The question: What social ethic does the American society implement to transition to a new economy? In essence, Stiglitz, as an economist, examines the political economy. Our salvation, in my humble opinion, lies in developing a new economic ethic that integrates the human condition and the natural condition. Investments in environmental economics, preventative healthcare, agro-ecology, and information technology (‘meaningful’ social networks) will lead the way. We need a genome project of our social intellect.