“There are two visions of America a half century from now. One is
of a society more divided between the haves and the have-nots, a country
in which the rich live in gated communities, send their children to
expensive schools, and have access to first-rate medical care.
Meanwhile, the rest live in a world marked by insecurity, at best
mediocre education, and in effect rationed health care―they hope and
pray they don't get seriously sick. At the bottom are millions of young
people alienated and without hope. I have seen that picture in many
developing countries; economists have given it a name, a dual economy,
two societies living side by side, but hardly knowing each other, hardly
imagining what life is like for the other. Whether we will fall to the
depths of some countries, where the gates grow higher and the societies
split farther and farther apart, I do not know. It is, however, the
nightmare towards which we are slowly marching.”
Joseph E. Stiglitz
Joseph E. Stiglitz
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