Commonwealth Club Of California Podcast

One of the world’s leading economists joins us to offer a compelling new vision of personal and economic freedom. Many Americans believe this nation was born from the conviction that people must be free. But since the middle of the last century, that idea has been co-opted. Forces on the political right have justified exploitation by cloaking it in the rhetoric of freedom, leading to pharmaceutical companies freely overcharging for medication, a Big Tech free from oversight, politicians free to incite rebellion, corporations free to pollute, and more. How did we get here? Whose freedom are we―and should we―be thinking about? In his new book The Road to Freedom, Nobel Prize winner Joseph E. Stiglitz dissects America’s current economic system and the political ideology that created it, laying bare what he identifies as their twinned failure. He says that “free” and unfettered markets have only succeeded in delivering a series of crises: the financial crisis, the opioid crisis, and the crisis of inequality. Wh