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The more divided a society becomes in terms of wealth, the more reluctant the wealthy are to spend money on common needs.

Joseph Stiglitz

Related Topics

Money Need Society Spend Wealth

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Multinational corporations must pay their fair share of taxes.
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When I said “the pocket of the banks,” it is not necessarily a mercenary relationship. It is a mindset.
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Inequality is a choice. It is not inevitable.
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Bitcoin is successful only because of its potential for circumvention, lack of oversight.
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Macroeconomic policy can never be devoid of politics: it involves fundamental trade-offs and affects different groups differently.
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The U.S. won’t be free of Covid-19 until the world is.
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GDP tells you nothing about sustainability.
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The problem is a lot of what is called economics is not economics. It is more ideology or religion.
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If the President asked you to help, I don’t think anybody could refuse, unless one felt that one couldn’t be effective.
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Climate change is a reality.
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We won’t have an economic recovery until Covid-19 is under control.
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Development is about transforming the lives of people, not just transforming economies.
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International lending banks need to focus on areas where private investment doesn’t go, such as infrastructure projects, education and poverty relief.
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When you don’t have equality of opportunity because you don’t have equal access to education, it just seems so outrageous. It weakens our economy and leads to more inequality.
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The only surprise about the economic crisis of 2008 was that it came as a surprise to so many.
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Poverty is what we call the extremes at the bottom.
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