Joseph Stiglitz compares Trump and Wall Street to Nazi Germany
On “Salon Talks,” Nobel Prize-winning economist Joseph Stiglitz comments on why he’s noting the parallels between Trump’s rise to power and the Nazis in Germany in his latest book, “People, Power, and Profits: Progressive Capitalism for an Age of Discontent.”.
The former chief economist of the World Bank and chairman of Clinton’s Council of Economic Advisors also unpacks Trump's economic policies, the shortcomings of American-style capitalism, and what we should do moving forward.
“The Nazis never won a majority of votes. They seized control by having a minority, very similar to the minority that are the core Trump supporters, joined with the business community that said, well, we'll keep his successes under control, but it will be very convenient for us to be good for business,” Stiglitz told SalonTV’s Dean Obeidallah.
“Just the way so many of the business community have said, we'll overlook Trump's flaws, his undermining our democracy, his weakening of our systems of checks and balances, if we can just get a tax bill that gives a tax cut for corporations, tax cut for the billionaires, even if a majority of Americans in the middle have to pay a higher tax rate, let's grab it.”
Watch the full episode to hear more from Stiglitz on why some 2020 Democrats are pushing for socialist-inspired (but not in the traditional sense) policies that help Americans in a range of areas from health care to education.
SalonTV host Dean Obeidallah is also the host of the daily national SiriusXM radio program, "The Dean Obeidallah Show" on the network's progressive political channel. Follow him on Twitter and Facebook.
About “Salon Talks”
Hosted by Salon journalists, “Salon Talks” episodes offer a fresh take on the long-form interview format, and a much-needed break from the partisan political talking heads that have come to dominate the genre. “Salon Talks” is a destination for information through conversation. Viewers can expect discussions with A-list actors, artists, authors, thinkers, and newsmakers as we explore the full range of the human condition. The show streams live on Facebook and Twitter and each episode is published in full on Salon.com.
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