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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

Bagwalas

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The problem is a lot of what is called economics is not economics. It is more ideology or religion.
JOSEPH STIGLITZ

Economy Ideology Problem Religion
Letting bygones be bygones is a basic principle in economics.
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Economy Principle
When markets fail, as they often do, collective action becomes imperative.
JOSEPH STIGLITZ

Bitcoin Crypto Currency Failure Market Share Market
The only surprise about the economic crisis of 2008 was that it came as a surprise to so many.
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But while I loved all of these courses, there was an irresistible attraction of economics.
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Attraction Economy
Nationalization of private debts undermines prudential lender behavior and is a government intervention in the market.
JOSEPH STIGLITZ

Behavior Debt Government Market Private
We won’t have an economic recovery until Covid-19 is under control.
JOSEPH STIGLITZ

Control Covid-19 Economy Recover
It’s easy to get rich by getting a state asset at a deep discount.
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Asset Discount Rich Strategy
When I said “the pocket of the banks,” it is not necessarily a mercenary relationship. It is a mindset.
JOSEPH STIGLITZ

Bank Mindset Pocket
Bitcoin is successful only because of its potential for circumvention, lack of oversight.
JOSEPH STIGLITZ

Bitcoin Lack Oversight Potential Success
Economists often like startling theorems, results which seem to run counter to conventional wisdom.
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Conventional Counter Economy Result Wisdom
I grew up in a family in which political issues were often discussed, and debated intensely.
JOSEPH STIGLITZ

Debt Discuss Family Grow Up Intense Politics
Climate change poses an existential threat to the planet that is no less dire than that posed by North Korea’s nuclear ambitions.
JOSEPH STIGLITZ

Ambition Change Climate Existence Nuclear Planet
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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It’s expensive to keep 2.3 million people in prison.
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Expensive People Prison
It is trust, more than money, that makes the world go round.
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Inspirational Money Round Trust World

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