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Inequality is a choice. It is not inevitable.

Joseph Stiglitz

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Choice Inequality Inevitable

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Inequality is a choice. It is not inevitable.
JOSEPH STIGLITZ

Choice Inequality Inevitable
When markets fail, as they often do, collective action becomes imperative.
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It is trust, more than money, that makes the world go round.
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GDP tells you nothing about sustainability.
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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 poses an existential threat to the planet that is no less dire than that posed by North Korea’s nuclear ambitions.
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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.
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Bitcoin is successful only because of its potential for circumvention, lack of oversight.
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Nationalization of private debts undermines prudential lender behavior and is a government intervention in the market.
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The U.S. won’t be free of Covid-19 until the world is.
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Anybody who knows about capitalism knows that bankruptcy is an essential part of capitalism.
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Development is about transforming the lives of people, not just transforming economies.
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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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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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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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