The Response To Coronavirus In The U.S. Is Like A Third World Country’s, Nobel Prize-Winning Economist Says
Joseph Stiglitz, a Nobel prize-winning economist, is taking the United States’ response to coronavirus to task, comparing the nation’s safety net to that of third world nations.
Noting that people are going to work because they do not have sick leave or otherwise cannot afford to be without it, Stiglitz implied more had to be done from the federal government — and that the Trump administration was largely to blame, The Guardian reported.
“The numbers turning to food banks are just enormous and beyond the capacity of them to supply. It is like a third world country,” Stiglitz said. “The public social safety net is not working.”
“The inequality in the U.S. is so large. This disease has targeted those with the poorest health. In the advanced world, the U.S. is one of the countries with the poorest health overall and the greatest health inequality.”
When asked if the country was heading toward a situation similar to another Great Depression, Stiglitz responded in the affirmative. “Yes, is the answer, in short,” he said.
President Donald Trump and Republicans in Congress deserved much of the blame, he concluded.
“If you leave it to Donald Trump and Mitch McConnell, we will have a Great Depression. If we had the right policy structure in place, we could avoid it easily,” Stiglitz said.
Americans overall don’t trust what Trump has to say on the matter of coronavirus in general, according to an NBC News/Wall Street Journal poll released this week, with 52 percent saying there’s no trust at all in his public comments. Just 36 percent say they trust what he has to say.
The same poll also seems to imply Americans would be happier with more government intervention, as Stiglitz implies there should be. More than 3-in-5 Americans (63 percent) say they approve of the growth in the federal government’s response to this crisis, while only 30 percent say they disapprove.