Nobel winning economist Joseph Stiglitz on Trump, tariffs and democracy
Caption: Joseph E. Stiglitz, winner of the Nobel Prize in Economics, speaks during the Swiss International Finance Forum, in Bern, Switzerland, Tuesday, May 20, 2014. Politicians, supervisory authorities and scientists engage in an active dialogue on the future of the Swiss financial market during the forum. (Peter Klaunzer/Keystone/Associated Press)
Last week Jayme had the opportunity to interview Nobel Prize winning economist, and former staffer and advisor to Presidents Bill Clinton and Barack Obama, Joseph Stiglitz.
Stiglitz also worked as the chief economist at the world bank, is a bestselling author many times over and remains one of the towering economic thinkers of our time.
He has long been a sharp critic of neoliberalism, and trade policies like NAFTA that he believes privileged the rich and corporations, but disenfranchised workers.
This was a wide ranging conversation and dealt with Trump's tariff war, the threats towards Canada and the recent arrest and attempt to deport a Columbia student who helped lead protests against Israel's war in Gaza last year.
The conversation was recorded in front of an audience. It was part of a conference put on by McGill's Media Ecosystem Observatory and the Max Bell School of Public Policy.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Winnipeg Free Press
9 hours ago
- Winnipeg Free Press
4 people killed in Russia and Ukraine as countries trade aerial attacks
Russia and Ukraine traded aerial attacks overnight, resulting in two deaths in each country, according to officials. Ukraine's southern Dnipro and northeastern Sumy regions came under combined rocket and drone attack, local officials reported. Head of the Dnipro regional administration Serhii Lysak said at least two people had died and five were wounded in the barrage. In the city of Dnipro, a multi-story building and business were damaged during the strike and in the region a fire engulfed a shopping center. In Sumy, the military administration said three people were injured. Kharkiv sustained an intense aerial bombardment overnight with local authorities reporting Ukraine's second-largest city was hit by four guided aerial bombs, two ballistic missiles and 15 drones over a three-hour period. In a post on Telegram, Kharkiv mayor Ihor Terekhov said high-rise residential buildings, local businesses, roads and the communication network were damaged in the attack. He said at least five people were injured, including three rescue workers who were wounded in a double tap strike — where a second attack targets emergency workers trying to help people wounded in the initial attack. According to the daily air force report, in total Russia targeted Ukraine with 208 drones and 27 missiles overnight. It said according to preliminary data, air defense and electronic warfare took down or intercepted 183 drones and 17 missiles but hits from 10 missiles and 25 drones had been recorded in nine locations. In Russia, officials said that Ukrainian drones targeted multiple regions overnight. A drone attack on the Rostov region, on the border with Ukraine, killed two people, acting governor Yuri Slyusar reported. In the neighboring Stavropol region, drones hit an unspecified industrial facility, governor Vladimir Vladimirov said on Telegram. He added that the attack sparked a brief fire, but didn't specify where exactly. Vladimirov said cellphone internet in the region was restricted because of the attack — a measure authorities regularly take across the vast country that critics say helps widespread online censorship. An unconfirmed media report said videos posted online by local residents showed that the drones hit the Signal radio plant that makes jamming equipment. The Associated Press was unable to verify the claim. Drones also targeted Moscow, but were shot down, according to Mayor Sergei Sobyanin, and an unspecified industrial facility in the Penza region southeast of the capital, Gov. Oleg Melnichenko said. Russia's Defense Ministry said that its air defenses shot down or intercepted a total of 54 Ukrainian drones, including 24 over the Bryansk region on the border with Ukraine, 12 over the Rostov region, six over the annexed Crimean Peninsula, four over the Azov sea, three over the Black Sea and a few others over the Orlov, Tula and Belgorod regions. Russian civil aviation agency Rosaviatsia overnight briefly halted flights in and out of airports serving the city of Kaluga, southwest of Moscow, as well as Vladikavkaz and Grozny in the North Caucasus. ___ Follow AP's coverage of the war in Ukraine at
Winnipeg Free Press
18 hours ago
- Winnipeg Free Press
With Columbia as a model, White House seeks fines in potential deals with Harvard and others
WASHINGTON (AP) — The White House is pursuing heavy fines from Harvard and other universities as part of potential settlements to end investigations into campus antisemitism, using the deal it struck with Columbia University as a template, according to an administration official familiar with the matter. Fines have become a staple of proposed deals in talks with Harvard and other schools, according to the official, who spoke on the condition of anonymity to discuss internal deliberations. The new strategy was first reported by The Wall Street Journal. Federal civil rights investigations into schools and universities almost always have been resolved through voluntary settlements, yet they rarely include financial penalties. The Biden administration reached dozens of such deals with universities and none included fines. Columbia's settlement with the Trump administration included a $200 million fine in exchange for regaining access to federal funding and closing investigations accusing Columbia of tolerating harassment of Jewish students and employees. The agreement announced Wednesday also orders Columbia to ensure its admissions and hiring decisions are 'merit-based' with no consideration of race, to hire more Jewish studies faculty, and to reduce the university's reliance on international students, among other changes. It places Columbia under the watch of an independent monitor and requires regular disclosures to the government. The agreement deal includes a clause forbidding the government from directly dictating decisions on hiring, admissions or academics. Columbia leaders said it preserves the university's autonomy while restoring the flow of federal money. The Trump administration is investigating dozens of universities over allegations that they failed to address campus antisemitism amid the Israel-Hamas war, and several institutions have faced federal funding freezes, like those at Columbia and Harvard. The federal government has frozen more than $1 billion at Cornell University, along with $790 million at Northwestern University. In announcing the Columbia settlement, administration officials described it as a template for other universities. Education Secretary Linda McMahon called it a 'roadmap' for colleges looking to regain public trust, saying it would 'ripple across the higher education sector and change the course of campus culture for years to come.' As Trump departed the White House on Friday, he told reporters that Harvard 'wants to settle' but that Columbia 'handled it better.' The president said he's optimistic his administration will prevail in Harvard's legal challenge — at least on appeal — and he suggested Harvard may never regain the level of federal funding it received in the past. 'The bottom line is we're not going to give any more money to Harvard,' he said. 'We want to spread the wealth.' ___ The Associated Press' education coverage receives financial support from multiple private foundations. AP is solely responsible for all content. Find AP's standards for working with philanthropies, a list of supporters and funded coverage areas at
a day ago
U.S. and Canada might not reach trade deal, Trump says
U.S. President Donald Trump says his country may not reach a new trade deal with Canada and could simply impose more or higher tariffs on its northern neighbour — something he's threatening to do in one week's time. We haven't really had a lot of luck with Canada, Trump told reporters Friday outside the White House in response to a question about the state of tariff talks with U.S. trading partners. I think Canada could be one where there's just a tariff, not really a negotiation, he said, before departing on a trip to Scotland. It's the first time Trump has publicly spoken about the state of talks with Canada in nearly two weeks. Trump sent a letter to Prime Minister Mark Carney on July 10, threatening (new window) to hit Canada with 35 per cent tariffs on Aug. 1. That rate would apply to Canadian exports currently being tariffed at 25 per cent, under Trump's emergency powers (new window) , citing the national security threat from fentanyl trafficking. Most Canadian goods are exempt from that tariff, provided they meet the North American content rules of the Canada-U.S.-Mexico Agreement (CUSMA). Separately, Canadian steel and aluminum are facing a 50 per cent tariff that the U.S. has imposed on such imports from all countries, while the U.S. tariff on Canadian energy and potash is set at 10 per cent. WATCH | Canada's trade team downplays prospects for deal by Aug. 1: Trump made his comments after a reporter asked what he expects between now and next Friday, the date set for imposing new or higher tariffs on many of the U.S.'s biggest trading partners. Aug. 1 is going to come and we will have most of our deals finished, if not all, Trump said. He spoke of progress in talks with Australia, the European Union and China, but singled out Canada for criticism. 'Haven't been focused on' Canada We don't have a deal with Canada; we haven't been focused on them, Trump said. Trump's comments are the latest nail in the coffin of Canada's prospects for a deal by the U.S. president's deadline. On Thursday, during a visit to Washington, Canada's top trade negotiators downplayed the likelihood (new window) they'll get an agreement by Aug. 1. We're going to continue to work toward the Aug. 1 deadline, said Canada-U.S. Trade Minister Dominic LeBlanc. But all of these deadlines are with the understanding that we'll take the time necessary to get the best deal that we think is in the interest of the Canadian economy and Canadian workers. Enlarge image (new window) Trump walks to board Marine One on the south lawn of the White House on Friday. His administration has set an Aug. 1 deadline to impose new or higher tariffs on many of the U.S.'s biggest trading partners. Photo: Associated Press / Alex Brandon Earlier this week, Carney had told a news conference that his objective is "not to reach a deal whatever it costs (new window) ." After Carney met with Canada's premiers, Nova Scotia's Tim Houston said the prime minister isn't dead set on signing a deal by the deadline. The last time Trump spoke publicly about trade talks with Canada was in a July 14 interview with the BBC's Gary O'Donoghue (new window) . We're negotiating with Canada right now and we'll see how that all works out. I think it's going to work out very well, Trump said at the time. Mike Crawley (new window) · CBC News · Senior reporter Mike Crawley has covered Ontario politics for CBC News since 2009. He began his career as a newspaper reporter in B.C., spent six years as a freelance journalist in various parts of Africa, then joined the CBC in 2005. Mike was born and raised in Saint John, N.B. Follow Mike Crawley on Twitter (new window)
