Economic Inequality Is More Than Just a Moral Issue
Joseph Stiglitz, Nobel Prize winner
"I'm not arguing for the elimination of inequality. But the extreme that we've reached is really bad. Particularly the way it's created. We could have a more equal society and a more efficient, stable, higher-growing economy. That's really the 'so what?' Even if you don't have any moral values and you just want to maximize GDP growth, this level of inequality is bad. It's not just the unfairness. The point is that we're paying a high price. The story we were told was that inequality was good for our economy. I'm telling a different story, that this level of inequality is bad for our economy."