When the current crisis is over, the reputation of American-style capitalism will have taken a beating--not least because of the gap between what Washington practices and what it preaches. Disillusioned developing nations may well turn their backs on the free market, warns Nobel laureate Joseph E. Stiglitz, posing new threats to global stability and U.S. security.

We want to hear what you think about this article. Submit a letter to the editor or write to letters@theatlantic.com.