Global inequality shows dangers of 'unfettered capitalism': Joseph Stiglitz

Noble laureate says concentrated economic power is antithetical to democracy

20251113N Joseph Stiglitz By Elisabeth Mandl

Nobel Prize-winning economist and Columbia University professor Joseph Stiglitz speaks with Nikkei in Vienna, Austria, on Oct. 24.  (Photo by Elisabeth Mandl)

AKIO FUJII

TOKYO -- As economic disparities put the U.S.-led global capitalism to its greatest test since the end of the Cold War, Nobel Prize-winning economist and Columbia University professor Joseph Stiglitz says the world needs to focus on what is driving inequality.

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