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It’s expensive to keep 2.3 million people in prison.

Joseph Stiglitz

Related Topics

Expensive People Prison

Bagwalas

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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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Money Need Society Spend Wealth
Letting bygones be bygones is a basic principle in economics.
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Economy Principle
Development is about transforming the lives of people, not just transforming economies.
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Development Economy Live People Transformation
GDP tells you nothing about sustainability.
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Economy GDP Sustain
Inequality is a choice. It is not inevitable.
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Choice Inequality Inevitable
Workers’ rights should be a central focus of development.
JOSEPH STIGLITZ

Central Development Focus Rights
In developing countries, lack of infrastructure is a far more serious barrier to trade than tariffs.
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Country Development Infrastructure Serious Trade
Macroeconomic policy can never be devoid of politics: it involves fundamental trade-offs and affects different groups differently.
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It’s easy to get rich by getting a state asset at a deep discount.
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Asset Discount Rich Strategy
But while I loved all of these courses, there was an irresistible attraction of economics.
JOSEPH STIGLITZ

Attraction Economy
Anybody who knows about capitalism knows that bankruptcy is an essential part of capitalism.
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Bankrupt Capital Essential Investment
Society can’t function without shared prosperity.
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Function Prosperity Share Society
When markets fail, as they often do, collective action becomes imperative.
JOSEPH STIGLITZ

Bitcoin Crypto Currency Failure Market Share Market
If the President asked you to help, I don’t think anybody could refuse, unless one felt that one couldn’t be effective.
JOSEPH STIGLITZ

Ask Effective Help President Refuse
The U.S. won’t be free of Covid-19 until the world is.
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Poverty is what we call the extremes at the bottom.
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