Joseph Stiglitz Explains Why We Have To Change Capitalism

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Joseph Stiglitz

In an exclusive extract from his new book, Freefall, the former World Bank chief economist, Joseph Stiglitz, reveals why banks should be split up and why the West must cut consumption. 

In the Great Recession that began in 2008, millions of people in America and all over the world lost their homes and jobs. Many more suffered the anxiety and fear of doing so, and almost anyone who put away money for retirement or a child’s education saw those investments dwindle to a fraction of their value.

 

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