Joseph Stiglitz: COVID Has Made Global Inequality Much Worse
Joseph Stiglitz, University Professor, published in Scientific American.
"The coronavirus exposed and exacerbated the fragility and inequity of the global economic system. Many countries, including the U.S., proved unable to manufacture simple products such as face masks, let alone more complicated ones such as ventilators. Multiple supply chains broke. The resulting ordeal will almost surely lead to the creation of more onshore production facilities. An ugly nationalism displayed by countries that have hoarded vaccines and put profits over lives shows no sign of abating, despite its potentially devastating consequences for the world . . ."