Late Night Live - Separate stories podcast Nobel Laureate economist Joseph Stiglitz warns of 'inequality emergency'
Nov 13, 2025
Joseph Stiglitz, a Nobel Laureate economist and former chief economist of the World Bank, discusses the pressing issue of global inequality. He highlights how policy choices have exacerbated this crisis, impacting democracy and fostering social unrest. Stiglitz proposes an international panel on inequality, drawing parallels with climate change. He critiques neoliberal policies and argues that addressing inequality can enhance economic performance. His insights reveal how extreme wealth concentration undermines society and calls for better resources management.
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Inequality Is A Choice
- Inequality is a product of policy choices, not natural law.
- Joseph Stiglitz argues we allowed market power, regressive taxes and weak labor protections to widen inequality.
Inequality Threatens Democracy
- Extreme inequality undermines economies, societies and democracy.
- Stiglitz links rising inequality to democratic backsliding and social threats worldwide.
Create An International Inequality Panel
- Create an independent international panel on inequality modeled on the IPCC.
- Stiglitz urges better data and synthesis to drive policy change and public awareness.