Joseph Stiglitz: It’s Time to Get Radical on Inequality

Joseph Stiglitz discusses the role of economic theories in contributing to inequality, highlighting the Second Welfare Theorem and trickle-down economics. He critiques the focus on increasing GDP without addressing distribution, leading to growing inequality. Stiglitz emphasizes the impact of land and real estate, monopoly rents, and exploitation on wealth disparity. He warns of the societal and economic consequences of ignoring inequality and calls for radical changes to address systemic issues, including power structures and policy reforms.

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