Stiglitz on Globalization in the Era of Trump

The transcript discusses the economic policies of the Trump administration, focusing on public opinion and the impact of corporate tax cuts. It highlights the negative effects of globalization on wages and suggests better management strategies. The discussion also explores Scandinavian models of social protection as potential solutions.

What is the general sentiment of Americans towards the bill discussed in the video?

• They are unaware of it.

• They think it is a bad bill.

• They are indifferent to it.

• They believe it is beneficial.

According to the video, what is a major consequence of globalization as structured?

• Increased wages for American workers

• Suppression of wages

• Equal distribution of wealth

• Decrease in corporate profits

What is one of the reasons for the suppression of wages in the United States?

• High domestic production costs

• Direct competition with low-wage workers in China

• Lack of technological advancement

• Increased tariffs on imports

What is suggested as a way to manage globalization better?

• Implementing protectionism

• Adopting a tax system for social protection

• Increasing corporate tax rates

• Reducing education funding

What can be learned from Scandinavian countries regarding economic policies?

• The necessity of protectionism

• The effectiveness of social protection systems

• The importance of reducing taxes

• The benefits of isolationism