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What in the world was this guy smoking when he wrote this? project-syndicate.org/commentary/aft… 
If these are actually problems of "the market," by which must mean purely economic processes, then they should be explained by the smallest component of market: voluntary exchanges. But they can't; exchanges do not cause "slow growth" or "inequality" (all parties are better off).
There simply is no *economic* mechanism that causes these things. And he even writes them as limitations: "slow" economic growth--why would the economy itself slow down? What causes people to stop exchanging (other than being so well off that they instead choose leisure)? These
problems emerge as political power creates and supports privileges for the few in the economy so that they can, both, extract value for themselves. This is not "market." It is politics: restrictions on the economy, the exclusion of some (most) people fr opportunities to exchange.
Stiglitz is saying the reason you cannot jump in a house with very low ceiling is a problem of jumping--not the ceiling. He just doesn't want to see any problem with the State. This type of uncritical, unreflective, unlimited love for government is the strangest kind of religion.
