Nobel Laureate economist: U.S. getting worse off and the future looks bad

See this recent article by Joe Stiglitz summarizing the U.S.'s contemporary economic woes.

He still thinks economic growth is a good thing, but we can forgive him that for now since he's a Nobel Laureate economist. We shouldn't expect someone that eminently respected to have a clue about the real radical transformations that have to take place. He's alright, for a Nobel Laureate, that is!