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Bloomberg Surveillance

We Have to Restructure Globalization, Stiglitz Says

Bloomberg Surveillance

Bloomberg

Business News, News, Investing, Business

3.81.2K Ratings

🗓️ 29 November 2017

⏱️ 35 minutes

🧾️ Download transcript

Summary

Joseph Stiglitz, Columbia University Professor, says the tax 'trigger' in the proposed tax bill is the worst kind of economic policy that you can imagine. Yanis Varoufakis, Former Finance Minister of Greece, says the architecture of the European economy can't sustain the shockwaves of this post globalization era. Jeffrey Currie, Goldman Sachs Global Head of Commodities Research, says its very surprising that the oil markets have not moved higher given the strength of the fundamentals and geopolitical risks. James Stavridis, Tufts Fletcher School Dean, says the chances of war in the Korean Peninsula have gone up.

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Transcript

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0:00.0

The media alone can't ease the tensions that come from the debate surrounding the issues we deal with every day.

0:05.7

However, we can create spaces where people can freely kick the tires of their preconceived notions.

0:11.2

I'm Tim O'Brien, and I'm the senior executive editor at

0:13.8

Bloomberg Opinion. On our platform we ask tough questions and solve complex

0:18.1

problems with the facts in mind. Because context changes how you see things and

0:22.4

how you change things.

0:23.6

Context changes everything.

0:25.6

Start exploring our opinion coverage and more at Bloomberg.com slash subscribe. Welcome to the Bloomberg surveillance podcast. I'm Tom Keene.

0:43.5

Daily, we bring you insight from the best in economics, finance, investment,

0:48.0

and international relations.

0:49.9

Find Bloomberg Surveillance on Apple Podcasts, SoundCloud, Bloomberg.com, and of course, on the Bloomberg.

1:01.0

He is Lorry from Columbia. He is a gentleman of liberal thought who unfortunately

1:07.0

conservatives have to read to try to keep up to speed on the outrageous on income, on on wealth the pushback from conservatives is well the

1:16.9

classic 2002 is globalization as discontents there's a long new afterward.

1:22.8

It's not just like a six page afterward,

1:24.8

you really put some thought into it.

1:26.8

When you wrote the afterward, I'm sure you had an idea in your mind

1:30.9

and then you had to rewrite the afterward. What was the rewrite like of the new

1:35.1

afterward? Well the big idea was that when I wrote the globalization and discontent I just

1:40.5

left being chief economist of the World Bank. I saw the discontent in the

1:47.0

developing world and I saw that there was a real rationale behind that

1:50.9

discontent. Globalization had been behind that

...

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