A forceful argument against America's vicious circle of growing inequality by the Nobel Prize–winning economist, Joseph E. Stiglitz. The Nobel laureate assesses the current state of the U.S. economy, inequality and poverty in the country, as detailed in his text, The Price of Inequality.
The top 1 percent of Americans control 40 percent of the nation’s wealth. And, as Professor Stiglitz explains, while those at the top enjoy the best health care, education, and benefits of wealth, they fail to realize that “their fate is bound up with how the other 99 percent live.”
Here's the trailer. Watch the full interview on Tavis Smiley.
The finance industry is to blame for the growing divide between the rich and poor in the United States, says Nobel Prize-winning economics professor Joseph Stiglitz.
ReplyDeleteIn an interview with SPIEGEL, he accuses the industry of preying on the poor and buying government policies that help them get richer.
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