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Economist Joseph Stiglitz on How War, COVID & Climate Crisis Cause Economic Crises Around the World https://www.youtube.com/watch?v=idZO6mfqz3Q Democracy Now! Mar 7, 2023 As the U.N. secretary-general blasts wealthy nations for rigging the global economy for their benefit, we speak with economist Joseph Stiglitz about how war, the pandemic and the climate emergency are causing economic crises across the globe. He also says interest rate hikes by the U.S. Federal Reserve are making things worse for the Global South, as the cost of borrowing rises for many countries already struggling with debt. His latest book is titled _People, Power, and Profits: Progressive Capitalism for an Age of Discontent_. Professor Stiglitz joins us on Democracy Now! to discuss the current global economy.
full text of interview
the crisis is being made worse by monetary policies.. cause supply side crisis due to covid, war etc,,but raising interest rates is not the solution which will make them worse.. worsening the debt crisis..
I think not only do we have to be blunt about the violations of human rights and democracy, we have to call out some of the policies that have had devastating effects on developing countries. China has lent money to many countries without appropriately assessing the returns in that money. Sometimes there are allegations of corruption. But when countries have had problems, there has been a reluctance to restructure debt.
I’ve often written that inequality, poverty is a matter of choice, not of the people themselves but of our policy frameworks that lead to the levels of inequality. A wonderful example of that was the ability of the Biden administration, by the acts it took in responding to the pandemic, to reduce childhood poverty by an estimated 40, 50% in one year. We could have done it at any time in the past. We could have adopted the policies, which had this enormous effect on child poverty.
awareness song on millets mission
jhul re nitai jhul https://youtu.be/SeWyD1lLgeU
Jhul Re Kaudibala Jhul Tu Kaudi Kandhei Jhul -VIRAL BHAJAN https://www.youtube.com/watch?v=JFmdEJjf8ag
Tora Kunch Kunchia Bala https://www.youtube.com/watch?v=t-azAKxmfdc
Fending for Themselves – Adivasis, Forest Dwelling Communities and the Devastating Second Wave of COVID-19 https://www.thehinducentre.com/publications/policy-watch/66591097-Policy-Watch-No.17.pdf
- lack of communication by the state and unchallenged misinformation regarding the virus with respect to Adivasis and other forest dwelling communities. structural issues such as the withering away of land rights, lack of literacy, failure of government schemes, and other deeper malaises that aggravate the crisis created by the pandemic.
- chronic structural, legal, technological, and socio-economic inadequacies came in the way of the delivery of COVID-19 related healthcare services to these communities
- Remedying long-standing issues such as upholding their rights that exist only in the statute book, bridging shortfalls in healthcare provisioning, recognising traditional knowledge systems, and above all, taking political and policy cognisance of the unique conditions that surround India’s Scheduled Tribes, are required
- Moral Courage and the Power of Principled Resistance to Injustice
- The War on Fascism
- The Mahatma of Sabarmati Ashram
- Will SC Experiment Provide Answers to the Adani Share Saga?
- Signapore Chief Justice on Hindu Rastra
- Twin Strategy to get votes - freebies
- bjp exposed over karnataka hijab controversy
- KANPUR: RIGHT-WING GROUPS TARGET TWO CHURCHES
- Remembering Darryl Dmont: FEJI
- Does India get defamed because of criticism in Foreign fora or by lagging behind global ratings!