by Summary:
After 40 years of market fundamentalism, America and like-minded European countries are failing the vast majority of their citizens. At this point, only a new social contract – guaranteeing citizens health care, education, retirement security, affordable housing, and decent work for decent pay – can save capitalism and liberal democracy. Three years ago, US President Donald Trump’s election and the United Kingdom’s Brexit referendum confirmed what those of us who have long studied income statistics already knew: in most advanced countries, the market economy has been failing large swaths of society. Giving "market failure" new meaning.Project syndicateThe Economy We Need Joseph Stiglitz | University Professor at Columbia University and Chief Economist at the Roosevelt Institute
Topics:
Mike Norman considers the following as important: capitalism, democracy, inequality
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After 40 years of market fundamentalism, America and like-minded European countries are failing the vast majority of their citizens. At this point, only a new social contract – guaranteeing citizens health care, education, retirement security, affordable housing, and decent work for decent pay – can save capitalism and liberal democracy. Three years ago, US President Donald Trump’s election and the United Kingdom’s Brexit referendum confirmed what those of us who have long studied income statistics already knew: in most advanced countries, the market economy has been failing large swaths of society. Giving "market failure" new meaning.Project syndicateThe Economy We Need Joseph Stiglitz | University Professor at Columbia University and Chief Economist at the Roosevelt Institute
Topics:
Mike Norman considers the following as important: capitalism, democracy, inequality
This could be interesting, too:
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After 40 years of market fundamentalism, America and like-minded European countries are failing the vast majority of their citizens. At this point, only a new social contract – guaranteeing citizens health care, education, retirement security, affordable housing, and decent work for decent pay – can save capitalism and liberal democracy.
Three years ago, US President Donald Trump’s election and the United Kingdom’s Brexit referendum confirmed what those of us who have long studied income statistics already knew: in most advanced countries, the market economy has been failing large swaths of society.Giving "market failure" new meaning.
Project syndicate
The Economy We Need
Joseph Stiglitz | University Professor at Columbia University and Chief Economist at the Roosevelt Institute