Prof. Joseph Stiglitz shares his thoughts on reimagining the post pandemic future transformation towards a caring society. He begins by rescuing the silver lining of this pandemic: the opportunity of crisis. As we emerge from this pandemic, he reflects on the values of health, education, and the environment. Previously unappreciated, these areas proved to be the most important ones when sustaining economies during this crisis. He points out how greatly underestimated these care services are since they are valued within GDP standards, a metric that focuses on produced goods and material growth. And so, to build back a more resilient economy, Prof. Stiglitz calls for a structural reformation by providing care services the adequate value they deserve within an economy. He reaffirms that this focus will reduce inequalities, create better trust and lead to more innovative economies.
Listen to his full speech in this video.