Articles by Joseph Stiglitz, Economics Nobel Laureate
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Austerities: “Politics Is at the Root of the Problem”
Joseph Stiglitz, Economics Nobel Laureate – The European,
30 Apr 2012
“The question of social protection does not have to do with the structure of production. It has to do with social cohesion or solidarity. That is why I am also very critical of Draghi’s argument at the European Central Bank that social protection has to be undone. There are no grounds upon which to base that argument. The countries that are doing very well in Europe are the Scandinavian countries – they all have strong social protection and they are all growing.”
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