[afpx]

That’s called the Appeal to Authority Fallacy.

[1] https://en.m.wikipedia.org/wiki/Argument_from_authority

[r00fus]

It's not really; Stiglitz actually worked at the World Bank - and wrote a book about it.

Another book to read is "Confessions of an Economic Hitman". Both describe essentially what both the USA and China appear to be doing - increasing global power and influence using subtler means than gunboat diplomacy.

[changchuming]

And your argument is just an anecdote. Now who would we trust more, a random stranger on the internet or a Nobel laureate?