International lending banks need to focus on areas where private investment doesn’t go, such as infrastructure projects, education and poverty relief.
JOSEPH STIGLITZPoverty is what we call the extremes at the bottom.
More Joseph Stiglitz Quotes
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Loose money and light regulation were a toxic mixture. It exploded.
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It’s expensive to keep 2.3 million people in prison.
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Ask not what your country can do for you, ask what you can do for your country.
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We won’t have an economic recovery until Covid-19 is under control.
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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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Multinational corporations must pay their fair share of taxes.
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Development is about transforming the lives of people, not just transforming economies.
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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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GDP tells you nothing about sustainability.
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Workers’ rights should be a central focus of development.
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The U.S. won’t be free of Covid-19 until the world is.
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The extra curricular activity in which I was most engaged – debating – helped shape my interests in public policy.
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It’s easy to get rich by getting a state asset at a deep discount.
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Anybody who knows about capitalism knows that bankruptcy is an essential part of capitalism.
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The facts shouldn’t get in the way of a pleasant fantasy.
JOSEPH STIGLITZ