Joseph Stiglitz on income inequality, automation and UBI

7:01 AM ET Sun, 5 May 2019

Nobel Prize-winning economist Joseph Stiglitz explains his take on Universal Basic Income, automation, and the implications of technology on growing inequality. He worries that new technology may undermine the basis of the market economy. He also says that American politics has become increasingly "corrupt" and "money driven" over the last 40 years, weakening workers' rights and allowing private companies to hoard the proceeds of government-assisted innovation.