Joseph E. Stiglitz
The US presidential election in November is critical for many reasons. At stake is not just the survival of American democracy, but also sound stewardship of the economy, with far-reaching implications for the rest of the world.
American voters face a choice not only between different policies, but between different policy objectives. While Vice President Kamala Harris, the Democratic nominee, has yet to detail her economic agenda fully, she likely would preserve the central tenets of President Joe Biden’s program, which include strong policies to maintain competition, preserve the environment (including reducing greenhouse-gas emissions), reduce the cost of living, maintain growth, enhance national economic sovereignty and resilience, and mitigate inequality.
By contrast, her opponent, former President Donald Trump, has no interest in creating a more just, robust, and sustainable economy. Instead, the Republican ticket is offering a blank check to coal and oil companies and cozying up to billionaires like Elon Musk and Peter Thiel. It is a recipe for making the US economy weaker, less competitive, and less equal.
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