Progressive Capitalism Is Not an Oxymoron

We can save our broken economic system from itself.

By Joseph E. Stiglitz

Mr. Stiglitz is a Nobel laureate in economics.

April 19, 2019

Despite the lowest unemployment rates since the late 1960s, the American economy is failing its citizens. Some 90 percent have seen their incomes stagnate or decline in the past 30 years. This is not surprising, given that the United States has the highest level of inequality among the advanced countries and one of the lowest levels of opportunity — with the fortunes of young Americans more dependent on the income and education of their parents than elsewhere.

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