Joseph Stiglitz on rewriting the rules of the market economy

In a lecture co-organised by Birkbeck Politics and Shadow Chancellor John McDonnell, Nobel Prize-winning economist Joseph Stiglitz speaks on the growth of economic inequality in the USA and UK over the last 30 years. Median incomes in the USA have stagnated, Professor Stiglitz explains, with a real decline in incomes among full-time male workers being observed over the last four decades. He describes that there are now more people in poverty, more wealth is concentrated among those at the top and that the middle classes are being ‘eviscerated’. Professor Stiglitz concludes that, fundamentally, "inequality is bad for business, bad for the economy, bad for our democracies, and bad for society”.

Professor Stiglitz is introduced by Birkbeck Professor of Public Policy Deborah Mabbett. His talk is followed by a Q&A chaired by Shadow Chancellor and Birkbeck alumnus John McDonnell.

More information: http://www.bbk.ac.uk/politics/news/bbk-local?uid=521a5c20295442c281655d816d3d8bef

Birkbeck Department of Politics: http://www.bbk.ac.uk/politics/

Video © Birkbeck Media Services / Mansour Shabbak

Thumbnail © Birkbeck Media Services / Dominic Mifsud

Видео Joseph Stiglitz on rewriting the rules of the market economy канала Birkbeck, University of London