Economist Joseph Stiglitz: Trump's economy is an absolute disaster for people and the planet
Written by Joseph Stiglitz / Common Dreams January 18, 2020
It is becoming conventional wisdom that US President Donald Trump will be tough to beat in November, because, whatever reservations about him voters may have, he has been good for the American economy. Nothing could be further from the truth.
Neither GDP nor the Dow is a good measure of economic performance. Neither tells us what’s happening to ordinary citizens’ living standards or anything about sustainability. (Photo: Johannes Eisle/AFP/Getty Images)
As the world’s business elites trek to Davos for their annual gathering, people should be asking a simple question: Have they overcome their infatuation with US President Donald Trump?
Two years ago, a few rare corporate leaders were concerned about climate change, or upset at Trump’s misogyny and bigotry. Most, however, were celebrating the president’s tax cuts for billionaires and corporations and looking forward to his efforts to deregulate the economy. That would allow businesses to pollute the air more, get more Americans hooked on opioids, entice more children to eat their diabetes-inducing foods, and engage in the sort of financial shenanigans that brought on the 2008 crisis.
https://www.alternet.org/2020/01/economist-joseph-stiglitz-trumps-economy-is-an-absolute-disaster-for-people-and-the-planet/
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