Economic policies should prioritize the wellbeing of all people, not just a select few from "summary" of Globalization and Its Discontents by Joseph E. Stiglitz
The core principle that should guide economic policies is the wellbeing of all individuals, rather than benefiting only a privileged few. When policies are designed with the goal of enhancing the overall welfare of society, they can lead to more equitable outcomes and sustainable growth. By prioritizing the needs of the majority, rather than catering to the interests of a select group of elites, policymakers can create a more inclusive and just economy. This approach ensures that the benefits of economic development are shared more broadly, reducing inequality and promoting social cohesion. When economic policies focus on the wellbeing...
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