Joseph Stiglitz explains how inequality hurts the US economy

joseph-stiglitz

Stiglitz insists that increasing inequality in the United States comes from a breakdown of the political and economic systems. Failure to hold any banker accountable for actions that contributed to the recent economic crisis is a prime cause. The current level of inequality increases instability, reduces productivity, and undermines democracy. He shows that the consequences include a monopolistic redistribution powerful enough to have caused massive distortions in the U.S. [...]

Joseph E. Stiglitz | The Price of Inequality

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By Joseph E Stiglitz, Project Syndicate | News Analysis

In Joseph E. Stiglitz’s new book, ”The Price of Inequality: How Today’s Divided Society Endangers Our Future,” the Nobel Prize-winning economist argues that there is a price to be paid for economic inequality. 

New York – America likes to think of itself as a land of opportunity, and others view it in much the same light. But, while [...]

America’s socialism for the rich

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By Joseph Stiglitz |

The US has a huge corporate safety net, allowing the banks to gamble with impunity, but offers little to struggling individuals

With all the talk of “green shoots” of economic recovery, America’s banks are pushing back on efforts to regulate them. While politicians talk about their commitment to regulatory reform to prevent a recurrence of the crisis, this is one area where the devil [...]

Joseph Stiglitz on the Budget and ‘the 1%’

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Nobel Prize-winning economist Joseph Stiglitz was Amy Goodman’s timely guest on “Democracy Now!” on Thursday, giving his much-needed perspective on the proposed 2012 budget and his must-read Vanity Fair article, “Of the 1%, by the 1%, for the 1%.”

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