John Shattuck Interview with Joseph Stiglitz
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The risks to the system as a whole are dangerous when people act in self-interest or in the narrow incentives of profit maximization due to imperfect information.
The next questions... taking inequality as an essential assumption of fresh water capitalism...
Is inequality based on the idea of the invisible hand?.... yes
Is inequality based on the hypothesis of rationality?.... yes
Does inequality arise from imperfect information?.... yes
Could inequality be a systemic risk?....
polvotierno 1 year ago