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Stiglitz Urges Capitalism Rethink as Roubini Invokes Stagflation

  • Two economists talk at Bloomberg Invest Global conference
  • Pandemic crisis accelerates deglobalization, widens inequality

The global economy faces a bleak future in which capitalism could take a beating unless governments get their policy responses just right, two prominent economists warned.

Speaking at the Bloomberg Invest Global virtual conference, Nouriel Roubini predicted the recovery from the pandemic crisis will soon fizzle out and be more anemic than the one that followed the global financial meltdown more than a decade ago. Joseph Stiglitz said politicians must fight that by assuring citizens that public support programs will continue as long as needed.