Economist Joseph Stiglitz on Pro-Palestine campus protests, Trump and rethinking freedom
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- Опубликовано: 28 май 2024
- Nobel Prize Laureate Joseph Stiglitz is one of the most influential economists in the world, having advised multiple Democratic Presidents of the US and the World Bank, where he worked as Chief Economist and senior Vice President.
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His latest book, called “The Road to Freedom: Economics and the Good Society,” argues that the economic right’s concept of “freedom” doesn’t take into account the necessary trade-offs, that one person’s freedom often comes at the expense of another’s. And that “free” - unregulated - markets, far from promoting growth and enterprise, in fact lessen economic opportunities for majorities and syphon wealth from the many to the few.
Stiglitz, now 81, is a Professor at Columbia University in New York, where freedom of speech and the right to protest have been making headlines in recent weeks, with hundreds of pro-Palestinian student protesters occupying the campus and clashing with police. The movement has now spread from the US, and encampments around the world are being launched, where the common demand is asking universities to divest and disclose their financial support of the war in Gaza.
In this episode of Ways to Change the World, economist Joseph Stiglitz tells Krishnan Guru-Murthy why more government intervention is desirable, whether campus protests in the US are going “over the line” and why stalling living standards “create a fertile field” for demagogues like Donald Trump.
Produced by Shaheen Sattar and Silvia Maresca
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To be honest, the university leadership has shown just how unfree academic institutional culture is.
I would argue they are showing the utmost respect for others, when they are protesting against the genocide.
Totally agree but could you please change it to show ‘showing’ instead of ‘show’?
yeah cause 'from the river to the sea' is so much respect you actual nazi
but they are not showing respect to their fellow students who are “less fervent” and have their studies disrupted, or to the university that is providing their education. Or maybe to their parents who are probably paying a fortune (in the USA) for their tuition .
@@beerblues762 upmost->utmost while at it
Not when they are yelling anti-Semitic slurs and preventing students from groups they discriminate against from attending classes
"The elite freakout over campus Gaza solidarity protests isn't just about their slavish devotions to Israel. It's also about the fear of young people putting themselves on the line for a moral cause. In prioritising humanity over wealth and status, these brave students represent everything our political and media class does not." Aaron Mate
“Elite”
Jewish ❤ Palestine
Hamas is a fundamentalist Muslim terror group that wants a global Islamic empire. What's so moral about supporting it?
Brave? Cowardly supporters of the Russo-Iranian war machine skulk on campuses. Their hero, named Vladimir Putin, is failing.
It’s important for them to “learn to respect others” - great point.
Let’s start with respect for the 10,000+ children who have been murdered
You didn't watch the interview, did you? Hint: 95% of the interview is about economics and has nothing to do with Palestine.
@@andysk5438A comment about the other 5% isn’t invalid just because it’s not about economics, so what’s your point?
@@haarissultan8866 My point is that people are commenting on videos without viewing them. My other point (since we're on the subject) is that just over 100 years ago the Ottoman Caliplhate entered World War I (when they didn't even have to) and declared Jihad on the British Empire. It turned out that their powerful German and Austrian friends couldn't prevent General Allenby from literally walking into Jerusalem, nor prevent Istanbul from being occupied by Britain for 5 full years. After a complete military defeat of the Caliphate, Britain administered what was called the British Mandate for Palestine and when it left, it looked favourably on the establishment of a Jewish state in parts of that territory. If someone (of an Islamist persuasion) doesn't like it, they can (1.) learn to deal with it, or (2.) fight another Jihad, but this time without the Germans, Austrians, Hungarians or the Bulgarians fighting on their side [shocking note: no Americans even involved!] -- they can look up the Third Battle of Gaza and the Battle of Jerusalem to see how it worked out for them the last time (or just shuut oop).
source - hamas health ministry
CIVIL WAR IN YEMEN FOR 377 K KILLED. INCLUDED 85 K CHILDREN.!! WHERE IS THE UN??? !!! ICC ???😗😗🤫
I am amazed how so many people miss the point of protests. Protests are meant to be inconvenient and disruptive. If anything, those university protests have so far been relatively benign. Most of the violence has come from pro-Israel counter protestors and from police provocations.
Protesting is hard. It’s easy to break the law and find yourself facing real issues for the rest of your life. It’s hard to keep bad actors out. Someone has been advising these students without regard for their futures.
@@Blocksail those students were threatened with expulsion, arrest and unemployment from the beginning. They knew exactly what they were getting themselves into. I am not sure what crimes those students have committed that will cause them a lifetime of legal issues.
Protests are meant to call attention to the protesters' cause. If it becomes "inconvenient and disruptive" then you are just obnoxious, and very likely to alienate the very people you wish to reach out to. And it can precipitate counter-productive reactions with squash the protester's efforts. I think protests have a place but it's not a substitute for other ways of changing opinions.
When it comes to master class it has be very polite.
All animals are equal, some animals are more equal" Anima Farm
😂
Interviewer: "in the 1970s the trains didn't run on time". Today, they stopped running altogether. All hail capitalism.
The authorities should have 'respect' considering how much those students pay... 😄
Stiglitz lost me with his praise of Europe's internet censorship.
If you had been reading the eulogy of south-eastern Asia dictatorships by Stiglitz in his book about the economic crisis in this area in the 1990’s, I think he would have lost you a long time ago... no other "economic" solution than promoting "strong authoritarian governments"... quite a neoliberal "economist", actually.
We need free healthcare for all in the USA, affordable housing, decent minimum wage, free universities, and decent public transportation for a start. These are achievable quite simple goals if one is determined to create them. So, let's get started here in the USA. Please help Prof. Stiglitz!
The government doesn't do things well. Private does it worse.
"Neoliberalism has failed"
Can someone please tell this to Rachel Reeves...
Reeves has made repeated speeches criticising Thatcher & Blair. She backs greater state intervention & investment.
@@AB-zl4nh lol. Her and Starmer have both literally quoted Thatcher.
And their mantra on fiscal policy is IDENTICAL to conservatives. There can be no new taxes on the rich to pay for better public services, despite record income and wealth inequality.
The only way to get more funding is growth. HIT THE BIG RED GROWTH BUTTON!!
This is EXACTLY what Tories have said for 50 years and it's bs. it's genuinely bizzare. Starmer went through a period of criticising "trickle down economics" while literally espousing exactly the same fiscal policy!
They are conservatives on the economy. Their attitude to debt is conservative. Their attitude to taxation is conservative. Their attitude to monetary policy is conservative.
There is nothing progressive or left of centre left in their platform of any worth.
They have even rolled back on most of their reforms to workers' rights after pressure from the CBI and their many rich donors.
Joseph Stiglitz, a very interesting guest, thanks for having him on.
Treating human life as disposable is beyond disrespectful. Doing more to stop students protesting for peace than you do to stop a genocide is despicable.
Trickle down economics.....just ends up trickling into the owner / CEO pockets
Dear Mr Stiglitz, its so heartbreaking for me to hear your verdict to honorable young guys, our hope for the better world, who are sacrifice their lives against genocide. Maybe you will try to look at the situation again, one more time?
**What is the proportional response for Palestinians with the occupation and the killing that they had every year by IDF?
**What can be their response if they are kicked out of their homes and living in a prison and IDF kill there women and children every year and the world is supporting the killer?
**What could you have done if you are responsible for Palestinians?
palestinians dont exist. theyre jordanian reffugees
Great question
What occupation? The Israelis left Gaza in 2005.
Don't drop truth bombs. You'll be smeared as anti-semitic by RUclips.
Palestinians have had everything taken from them generation after generation down to their own dignity with no hope for the future and effectively prisoners in their own land.
No greater injustice out there.
Shocking regrettably from an intellectual
To carry on as usual during an unusual moment in history
why do famous people get asked questions on the news that are completely outside their area of expertise? Seems to happen more and more. I'd be sad if Stiglitz somehow gets flattered into being a Jordan Peterson-type "expert on everything"
It's a danger to expect to many levels of wisdom from the same person HOWEVER, Alfred Stieglitz is talking here and the greater population could stand to learn something I wager.
In the 1840s, you could know everything. Advances since then make that impossible now, unless you are an AI robot. But even then you will get mistakes occurring.
Ridiculous.. protests that don't disrupt achieve nothing
Mind Begs the Question:
- Nelson Mandela stands example
- Protesting an Apartheid State
- Is Terrorism or Heroism?
The first question out of your mouth should be "Do you condemn Israel?". Then you have all you need to know about him.
On the whole stiglitz is correct but not in his condescending manner to students. Did he actually visit the demonstrations and listen and see with his iwn eyes ? Or were these comments issued from his penthouse somewhere on fifth? Pity because he is so right on so many issues
I don't feel he's condescending so much as balanced. He's pointing out that there's more to registering disagreement than civil disruption. This comes with age. He was a young student protesting too at one time and his experience has given him some wisdom about what works and what doesn't re civil disobedience. IMHO
What happens when freedom To profit is in conflict with freedom To live? What is the respectable way to resolve it?
Freedom is never free ☝️
And yet before property and prices everything was shared and free. Now it is depleted, dying, disappearing, and what’s left is denied to those who cannot pay. There is no moral value in freedom - it is the last bastion of the desperate, fearful and lost.
Three words as to why we need regulation going all the way to the top. Narcissism, Machiavellian-ism and Psychopathy and all the levels in between. These are the invisible hands I worry about.
Those who regulate and make the laws (politicians) are also very prone to narcissism and self interest as well as incompetence. Politicians have far more power than any bussiness
@@IF18a thank you for your comment, however i would point you to the part where I said regulation to the top. I include politicians, and indeed Presidents. I would add that the only time businesses seem to want regulation is when their employee's Unionise. No free hand of the market for them.
With this I agree 100%. The "invisible hand" is a magician's sleight of hand picking your pocket, the magician being your boss.
I don't think Stiglitz has particularly systematic solutions to the systematic problems he identifies...least of all neoliberal growth capitalism. If anything, the growth mentality has gone into metastasis since the 2008 financial crash, penetrating more deeply into people's lives in the monetizing of social media, deeper into the web of life through genetic engineering and bioprospecting / focus on the microbiome, etc.
I enjoy Stiglitz. I was told to do a report Dossier for a class many years ago on him. Found that he is a well of knowledge who's work is so vast that he is versed in many regions of the worlds market laws for the sake of economic commerce and explains them so easily for the average person.
Did the students who protested:
Civil rights, Vietnam, South African apartheid, Iraq War, and BLM, respect others enough Prof Stiglitz?
Or is it because they are protesting Zionism and the genocide on Gaza that you don't like?
The "genocide" on gaza is a result of Hamas not taking proper care of its population. Instead of sheltering these people Hamas hides behind them. Genocide is now just a buzz word. The "Palestinian cause" has cheapened history.
This is not an economic issue.
You learn more from Stieglitz in 1/2 hours than a 1/2 semester's coursework at uni.
If we are to consider Adam Smith as the great preacher of Capitalism then it's not free markets that make up capitalism but free and fair competition - and for something to be free AND fair regulation is necessary.
Interesting conversation. Thank you .
God bless freedom of speech and the right to protest
I don’t have an issue with a lot of his positions however, while I understand the speakers worry about the attack on liberal education, but f*cuk that. The liberals always try to silence moderates and anyone else who doesn’t agree with their exact doctrine. I think you get what you put out. Always let your argument speak for itself and you will have nothing to fear.
Well said.. 👍
All animals are equal, some animals are more equal" - Animal Farm
What this economist seems to forget that individual choice and accountability are fundamental to America. The US federal and state governments have been elected by a minority of responsible voters. We have excellent labeling on foods -- who reads them? My family fled Europe for freedom. It is time to embrace it again, vote and take charge of our own lives.
Good interview.
Not the least because the interviewer never INTERRUPTS.
And therefore we get to hear the Prof's explanations in full.
Free everyone: the Jews, the African Americans ... but he didn't utter the word "Palestinians" until Krishnan said the word "Gaza".
Hypocrisy
Learning on campus is learning from each other socially. It’s why the campus is important. Student demonstrations are a mandatory and necessary sociopolitical zone for everyone who gets a degree. What a load to pretend that it’s outside the student experience. It’s a necessary learning tool to understanding everything that goes on in the world and in the classroom.
Here's the thing, there is such a thing as "social learning" but how do you know that what you're "learning" isn't just another persons' prejudice, opinions, and received wisdom? That's why leaning needs to be formalized in order to be widely agreed upon. Young people have good ideas and great energy but not every idea is a good one and not all energy is constuctive.
Free Palestine
Why haven’t they reinvested in the American people leaving college kids seated with so much debt
if you don't go over line, how should you push war stop??
Checks and balances for everyone or no one..that's fair, even if there are still essential questions against digital serfdom.
Like the pun of the books title on the 'road to serfdom '
could u interview gary's economics cus idk if u have noticed it hasnt worked out as they say it should or does.
Stiglitz's 'The Road to Freedom' resonates with Cardano's values-freedom with responsibility. $ADA's decentralized approach ensures that economic freedom enhances society without exploitation. 🌟🔓
Often land ownership changes when one suddenly loses, especially if they are the aggressor - the 7th being a case in point.
Adults every day go over the line
Jevv boy, what do you feel about the complete lack of freedom in Palestine, including the freedom to live
What a copout
You can’t have government programs without a robust economy, and years of reckless government overreach and fiscal and Mo estuary policy has destroyed every western economy’s baseline economic engines. Stiglitz is talking like we have money to spend on government programs, yet we have run historic deficits to the point where the interest payment is greater than the US military budget. Totally out of touch.
Actually, if erotion of basic human values of accepting killing for power, money etc. putting human values like free speech, respecting the humanity of others, treating the different like you treat your own , love thy neighbour etc abandoned, we all loose as humans, societies. We need to stand up for badic human values, protest, unless we all degenerate to animal level. Aggression is everuthing, might is right, take others things by all means, etc, so the law of the jungle operates, not of the heaven, or Godly values.
25.00 Think Stiglitz meant Henry Mance not Luce re oped in the FT
I wonder of he’s ever written a book? Doesn’t seem to mention it
Early life check for Mr Stiglitz?
This guy says he grew up in Gary Indiana the blackest city ever but when you look him up it's nothing about what school's he went to and no one has asked him about this did he lie.
Highly Spiritual Evolved People Have Their Own, Conscience, as The Law.
Thread lightly and never allowed yourself to be manipulated.
Be, Strong 🎯
keeping any unhealthy, ego aspects in checked and that way; you'll never Be Wrong 🙏⚖️🔥👁️⚖️❤🙏
Only solution for respect for others ,if it exists, is backing them to the era of Passingover, at least in psychological state.
Chaos, must be present for The purpose of TRANSFORMATIONS.
Trust in, The process and make All of your choices... morally based.
Thoughts , Words and Deeds 🙏⚖️🙏🔥👁️🙏
Students have always protested for freedom.
Did the Nazi students in the 1930's? Do the pro-Hamas students of today?
it is interesting to listen, but there is this aspect that ideas require a lot of changes to actually achieve them.
He has a political ideology. He goes more or less unchallenged in this interview. Its very easy to sound convincing when you're just giving your opinion unchallenged. If you got another economist with an alternative view to debate him or a knowledgable non biased interviewer it would give a clear picture of what he thinks
@@IF18a he wasn't specifying any like changes that could be debated as such. All more about general trends over 50 years?
like myself I can generally only speak on this as I haven't read his book to put his words in context. No matter if there is debate or not.
Freedom: you have to look at it from class perspective within society, for example slaves as one class and the owner as another. So when slaves talked about Freedom they meant end of slavery as a system economically and for that to happen organisation needed, fight needed so that this means political fight. One class wants to be free (freedom) from economic exploitation by the ruling class. President Biden defined Freedom as "free competition between companies" but majority of people on this planet do not have company so their Freedom doesn't apply to 99% of people. So they define Freedom from their own perspective, ruling class perspective, their own political and economical interests
This guy seems confused. He understands the democrats are also neo libs, I assume, as are most mainstream western political parties. He was also pretty significant in cementing the ideology into the status quo as a member of Clinton’s team. Difficult to get a read on him.
I thought this was a mea culpa and form of penance for the damage he has caused… but then he starts spouting democrat propaganda on behalf of a geriatric neo liberal.
Difficult to take him seriously.
You're the one who seems confused. Expecting an 80-year-old scholar to apologise for the state of the economy? Very strange.
@@theamazingbatboy Apologise for his policies and actions propping up the neo liberal system in the past.
I don't think you've been following the conversation very closely. Stieglitz has been on this soapbox for over three decades. He tried to change the system from within and was one of the few voices in the wilderness of fiat capital to even the playing field. Don't blame one man to do the work we should all be doing FOR EACH OTHER.
Braveheart freedom
Isn’t the USA growing faster and more technologically advanced than any other country?
He’s maybe wrong
Based centrist
We need Fair Trade. Compensate the losers with temporary UBI, a Real Living Wage, debt-free adult learning & relax planning to rapidly build affordable housing.
The polluters, aka capitalists
What bunch of n.s, Nobel prize!!!!??!!
"Liberdade é uma palavra que o sonho humano alimenta, não há ninguém que explique e ninguém que não entenda." (Freedom is a word nourished by the human dream, no one can explain it and no one who doesn't understand it) -- Cecilia Meireles.
The pigs eat better because they are not free ...
ruclips.net/video/h30BO_6kFNM/видео.html
Apakah tuan penerima hadiah nobel itu memiliki hubungan kedekatan kepada para aktor/aktris 'philantropy' biadab yang melegenda itu??...
Apakah didalam journal dari makalah tuan itu, menyebutkan juga bahwa produk-produk penyakit yang telah diproduksi oleh kelompok kapitalis pragmatisme biadab itu dapat meningkatkan lapangan kerja di amerika dan di eropa??....
Why interview Joseph if you're just going to try use gotcha questions the whole time.
Jewish Palestine!
There is no conflict there is no the right to education in the bill of rights, but there is the right to peacefully assemble. Technically speaking anyways. when it comes to the constitution. (Should there be a right to education, yes)
whopays for that education?
@@SadBoys.1996 We do. Our tax dollars are supposed to be spent on us, not on corporations who steal our public services and our tax dollars. I don't recall agreeing to corporations profiting from my tax dollars.
Hendaknya di uji isi kepala!
Apakah tuan itu pro kepada Rakyat Hawaii??...
so what.Prof. Stiglitz suggested is that China model is the way to go.
@ligerdave He absolutely did not say that. He realises China's economy & economic policies are a hodge-podge approach, taking some parts of capitalism and other aspects of communism. It takes some things too far, and others not far enough, so the Chinese system is also broken in ways. Consider the many "ghost cities" throughout China, her government's clamp over Baidu, the green revolution actually causing more pollution (of heavy metals, industrial chemicals) into rivers. Cancer rates are rising, and middle class Chinese are trying to leave.
@@keep-ukraine-free528 relax. it was just a jk. However, your arguments kinda make nonsense. for instance, you pointed out that the Green Revolution is causing more pollution. it's like saying the industry revolutions are totally a disaster coz they caused more pollution and slavery. you can always point out negative aspects of a nation and turn a blind eye on the improvements they have made. Prof. Stiglitz, on the other hand, focused too much on the improvements but ignored the trade-offs. you know everything is about trade off right? he's an economist and that's his trade.
Proff. Stinglitz says, "As part of their Jews identity, they think about the freedom elsewhere". Do they think about and/or sympathies Palestinians whose freedoms were taken by the Jews state?!
Why have the Palestinians always opposed a two-state solution for western Palestine?
Here's the thing: The Palestinians never had anything the Jews could take away. Palestinians rejected the idea of two states from the outset and NOTHING they have done in the past 75 years indicates anything's changed. If the Palestinians come to their senses to elect moderate leadership instead of leadership that feeds people false dreams then maybe the the hope to a start to reconciliation. But Oct 7th. put a really long knife into that hope.
We ,Muslim , treat the people of other religions as human , as hostages treated by Taliban & Hammas . We are taught not to harm innocent creatures . OPEN YOUR EYES AND REALIZE THE DIFFERENCE IF YOU ARE NOT BLIND ,
There's no reason to believe you..
@@benqurayza7872I'd rather believe a Muslim than a genocidal Zionists 🙏🙏🙏 inshalla
I really appreciate your channel 4 humanity and truth
hes delusional about the effectiveness of government. ive worked across many departments for 10 years. i imagine he hasnt worked a day in his life in one
Very bad interviewer. Doesn't allow Siglitz to complete his reply. Extremely bad interviewing.
Untuk menguji dasar pemberian hadiah nobel dibidang ekonomi, maka ada pertanyaan:
Mengapa pemimpin binatang biadab di amerika serikat itu membakar kepulauan Hawaii bersama penduduknya!...bukankah ada bikini atol yang telah kosong??....
Palestine will never be free! We are not leaving!
Ok boomer
Such a disappointing interview. He pretends to care about subjugation of people everywhere (great virtual signaling pretend) but fails to condemn the genocide in Palestine.
he is just uttering rubbish
I'm a Hongkonger in exile in Britain and let me share this lesson with you. Bigger government is NEVER the answer to anything!!!
Yep, they can't even get local government right.
How can you disagree with such intellect.
Because it's not just neoliberalism that has failed. It's capitalism as a whole.
All the things that are wrong with neoliberalism are in fact faults of capitalism itself.
@@michaelrch capatalism has lifted more people out of poverty in the last 100 years than all of human history, the alternative directly mass murdered 150 million people in pursuit of its ideology
Which system should we use instead
@@jml17826 sssh they dont want to say that answer out loud.
@@jml17826 democratic socialism
I can't protest for Hamas or Israeli right wing government. Both are very bad!
Never underestimate the gullibility of the average undergraduate And the average Professor.
Thank you for the insight, however, a big government intervention through progressive capitalism is far worse than relying on a free market to solve social issues. Government goods and services will create an unfair advantage, corruption and limit innovation brought through competition. Communities will become dependent on the government for every aspect of their lives with the new social programs creating an environment of inequality of opportunities due to high taxes and strict regulations.
Back to America with you.
Go get in the sea and keep swimming
Stiglitz is almost as crazy as Galbreath ever was.
An old man that just watch TV and read newspapers.
Yes, conflict gives Freedoms, like the conflict in Gaza is freeing Palestinians from Hamas.
Some people love Germany. Others love France. Still others love Russia. It looks like you love Moscow & Berlin.
Free Free Palestine 🇵🇸 ♥️
free israel
I’d certainly like to free the region from all flavours of extremism, both Arab and Jewish, and find some common ground.
@@SadBoys.1996they are freeing themselves 🍉🍉🍉 Not long now 🍉🙏🙏inshalla
@@johngwheelerNo Peace on Stolen Ground 🍉🍉🍉🍉😎