Inequality today is worse than what the United States experienced during the Gilded Age at the end of the 19th century, says Joseph Stiglitz. “The wealthiest person in that era was Rockefeller. And his wealth really doesn’t compare to that of Elon Musk, Larry Ellison, Jeff Bezos, and some of the new billionaires,” explains the economist, who won the Nobel Prize in Economics in 2001, in a phone interview. “Their political influence under Donald Trump is also unprecedented, with Musk being the clearest example.”
Joseph Stiglitz, Nobel Prize winner in Economics: ‘The ideology of billionaires currently has a mind-boggling degree of selfishness’
By News Desk
News Desk
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