The Road to Freedom (with Joseph Stiglitz)

Pitchfork Economics with Nick Hanauer

Civic Ventures

Business, Government, News, Politics

4.8 • 1.5K Ratings

🗓️ 16 July 2024

⏱️ 48 minutes

🔗️ Recording | iTunes | RSS

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Summary

Nobel Prize-winning economist Joseph Stiglitz joins Nick and Goldy to talk about his new book, "The Road to Freedom: Economics and the Good Society.” Stiglitz challenges the orthodox economic theories that have shaped our understanding of capitalism and argues for a new approach called progressive capitalism. Stiglitz also discusses the flaws of neoliberalism, popular misconceptions about freedom, and the widespread benefits of addressing issues like climate change and inequality. He shares insights on the need for a broader set of economic policies that prioritize the well-being of all people, not just the wealthy. Their discussion sheds light on the evolving landscape of economic thought and the hope for a more equitable and sustainable future. Joseph Stiglitz is a Nobel Prize-winning economist and the best-selling author of multiple books on economics. He was also chairman of the Council of Economic Advisers under President Clinton and chief economist of the World Bank. He now teaches at Columbia University and is chief economist of the Roosevelt Institute. His latest book, The Road to Freedom: Economics and the Good Society, delves into the failures of the neoliberal economic model and presents a comprehensive critique of how "free" markets have led to various crises, including financial instability, inequality, and social unrest. Twitter: @JosephEStiglitz Further reading: The Road to Freedom: Economics and the Good Society More from Joseph Stiglitz: People, Power, and Profits: Progressive Capitalism for an Age of Discontent For Good Measure: An Agenda for Moving Beyond GDP Globalization and Its Discontents Revisited: Anti-Globalization in the Era of Trump The Price of Inequality Website: http://pitchforkeconomics.com Twitter: @PitchforkEcon Instagram: @pitchforkeconomics Nick’s twitter: @NickHanauer

Transcript

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0:00.0	The rising inequality and growing political instability that we see today are the direct result of decades of bad economic theory.
0:10.0	It's time to build our economy from the bottom up and from the middle out, not the top down.
0:15.0	Middle out economics is the answer.
0:18.0	Because Wall Street didn't build this country.
0:20.0	Great middle class built this country.
0:22.0	The more the middle class thrives, the better the economy from the middle out.
0:42.0	Welcome to the show. build the economy from the middle out.
0:42.6	Welcome to the show. Well Goldie today echoing something you've said a thousand times part of the great part about this job is getting to talk to like the coolest most interesting and most consequential people in the world and today is definitely one of those days.
1:04.1	Yeah best book club ever because today we get to talk to our old friend Joseph
1:11.5	sticklets the Nobel Prize winning economist, about his new book,
1:16.2	The Road to Freedom, Economics and the Good Society.
1:18.7	And it's, you know, it's like everything he writes, it's a, it's a really interesting and very well read,
1:24.0	written, sorry, very well written, it's also very well read, but it's a very well written book.
1:31.0	What's interesting about the book is that it it plays on
1:35.1	Highex Road to Surfdom which was an argument about basically that you know if
1:41.9	government constrained capitalists I mean the short form of that book is
1:47.0	that if government anyway constrained capitalists that we would all eventually become serfs
1:52.1	and that's...
1:53.0	Totalitarian.
1:54.0	Yes.
1:55.0	Yeah, yeah, yeah.
1:57.0	He feared that, you know, like a government that actually went out of its way to regulate the market and for the good of its people would lead to, you know,
	...

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