Joseph Stiglitz Urges U.S. Banks to Return to Lending

The video discusses the challenges small businesses face in accessing capital, contrasting their struggles with large corporations like Apple. It highlights the shift in banking focus from local to more lucrative activities like derivatives trading. The discussion includes the role of economists in policy-making and the importance of government support in innovation. The speaker calls for a new social contract to restore balance between the market, government, and civil society, especially in light of the pandemic's challenges.

In what ways has the balance between the market, government, and civil society changed over time?

What does the speaker suggest is necessary for a new social contract?