Renewing Vows

The main reason that the world still hasn’t recovered from the 2008 crisis is that the regulatory measures implemented after the economic bubble burst failed to go to the root of the problem. The United States isn’t growing at its past rate, and the euro is keeping Europe from adapting to the new world that has emerged since the crisis. Nobel Prize-winning economist Joseph Stiglitz explains that these turbulent times present an opportunity for capitalism to revise its theories.