Economic inequality to blame for current economy in U.S.

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by KING 5 News

KING5.com

Posted on June 13, 2012 at 1:42 PM

Updated Wednesday, Jun 13 at 6:07 PM

Nobel Prize winning economist Joseph Stiglitz blames economic inequality for the current economy in the United States. Appearing on KING5 Morning News, Stiglitz told Mark Wright that only one-percent of the population holds 20-percent of the wealth. He says that inequality creates a cycle that leads to political inequality and an inequality in the balance of power.

 

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