“We are now in the process of a vicious cycle because we create more inequality and we have a political system that gives more weight to the wealthy,” renowned economist Joseph Stiglitz tells Business Insider chief Henry Blodget.
One way to resolve this problem of inequality in the United States is to actually continue in the direction that we’re already going in right now.
In the video below, Stiglitz explains how the threat of political gridlock and further instability can actually lead to a recovery:
Produced by Kamelia Angelova, William Wei & Daniel Goodman
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