[Joseph E. Stiglitz] Shock therapy for neoliberals

The fallout from Russia’s invasion of Ukraine has reminded us of the unforeseeable disruptions constantly confronting the global economy. We have been taught this lesson many times. No one could have predicted the Sept. 11, 2001, terrorist attacks, and few anticipated the 2008 financial crisis, the COVID-19 pandemic, or Donald Trump’s election, which resulted in the United States turning toward protectionism and nationalism. Even those who did anticipate these crises could not have

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