China recognises the danger of inequality while in the West politicians are silently implementing policies that increase the gap between rich and poor. Watch Nobel Prize winning economist Joseph Stiglitz discuss the pheonomena with Vanity Fair Contributing editor, William Cohan:
Interesting video, isn’t it. Above all how China and the U.S. are responding to the threat rising inequality pose to economic growth and stability. And it is not only in the United States that politicians are actively and quietly making sure the gap between rich and poor is growing. Believe it or not, but even in Sweden the government is implementing policies that take from the poor and give to the rich. So it comes as no surprise that poverty is increasing.
American approach to rising inequality
Simply put; doing...Read More