In his interview for Yahoo Finance, Joseph Stiglitz (author of The Great Divide: Unequal Societies and What We Can Do About Them) argues that the Reagan administration marked the turning point in the US inequality gap. In addition, Stiglitz contends that inequality is man-made and can be undone. To do that, he advocates:
- revising the tax structure in such a way that the top 1% pay their fair share
- revising the overall structure of the economy, particular laws and regulations that are ineffective or unenforced
- providing equal access to all levels of education.
Stiglitz points out in this interview that economic inequality translates into cultural and political inequality.
To watch the full interview, click here.