As European leaders scramble to address the sovereign debt crisis, Nobel Prize-winning economist Joseph Stiglitz argues the austerity measures pushed by Germany, the United States and international creditors are only “going to make the countries weaker and weaker.” If European economies contract, Stiglitz predicts that “our economy is going to go down further into the hole. … Those policies then increase the probability of our weak economy tipping over into recession.”
Joseph Stiglitz’s new book is “The Price of Inequality: How Today’s Divided Society Endangers Our Future.” Video interviews from DemocracyNow!
The videos below are from the Joseph Stiglitz Inequality series at DemocracyNow!
Joseph Stiglitz: The Price of Inequality – Part 1
Joseph Stiglitz: The Price of Inequality – Part 2
Joseph Stiglitz: The Price of Inequality – Part 3