AYA Analytica financial health memo June 2019
As of June 2019, this regular podcast is available on our Andy Yeh Alpha fintech network platform . Nobel Laureate Joseph Stiglitz proposes the key economic priorities in lieu of neoliberalism . Neoliberalism encompasses lower taxation, deregulation, social welfare minimalism, and less government intervention. This ideology has become the root cause of socioeconomic problems such as wage stagnation, wealth inequality, market power concentration, and environmental degradation. In response, Stiglitz recommends 3 major economic policy prescriptions. First, the benevolent social planner should better balance free markets, civil communities, and state mechanisms. The government better shapes and facilitates markets and communities by investing in basic research, technology, education, health care, and infrastructure. This public investment pays well in terms of more connective communities and market mechanisms. Second, wealth creation arises from scientific inquiry and social organization ...