4.8 • 1.4K Ratings
🗓️ 16 June 2025
⏱️ 56 minutes
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0:00.0 | We've had some fantastic guests here on downstream over the years, but today is the very |
0:12.1 | first time that I'm speaking to a Nobel Prize winner. |
0:17.0 | Joseph Stiglitz won the 2001 Nobel Prize for Economics. He is, however, not just an amazing mathematician and economist. |
0:24.6 | He is, I think, one of the best communicators in the English language on these issues in the last 30-40 years. |
0:31.6 | Globalisation and its discontents made him a whistleblower from inside the establishment when it came to globalization |
0:39.2 | and the likes of the IMF, the World Bank. Mr. Stiglitz, more than anyone else, turned those |
0:46.1 | acronyms into household names, a shorthand for growing global inequality. And more recently, |
0:53.8 | in 2008, he was inside the room |
0:56.0 | when some of the most profoundly important decisions were made |
0:58.8 | about banking bailouts and what America does responding |
1:02.8 | to the biggest financial crisis since 1929. |
1:06.4 | So lots to discuss over the last 30 years, over the last 15 years, |
1:12.7 | and even more recently, in the aftermath of Donald Trump's election last year. I hope you enjoy this interview. |
1:18.2 | Professor Joseph Stiglitz, welcome to downstream. Nice to be here. We like to use formality |
1:22.8 | here at Navarraim Media. It's great to have you on, our first Nobel Prize winner. Oh, thank you. |
1:29.1 | So quite the accolade. You are obviously best known for a book written a while back now, |
1:35.3 | globalization and its discontents. We're talking about this, though, the road to freedom, |
1:39.8 | economics and the good society. I will, of course, want to talk about some of your previous |
1:44.1 | work as well. And in fact, I'd want to talk about some of your previous work as well, |
1:44.8 | and in fact, I'd like to start with that. You were the outstanding voice with regards to |
1:49.2 | critiquing globalization at its high point, late 1990s, early 2000s. Are we now living in a moment |
1:56.7 | where you kind of reflects on that moment almost with affection. You know, things were working a little bit. |
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