Joseph Stiglitz: 'America should be a warning to other countries'

Ahead of his Australian visit, renowned economist warns of the triple threat of rising inequality, the undermining of democracy and climate change

It was a stark message from a Nobel-prize winning economist.

“We were a very different country 40 years ago,” he said. “The downhill slide has been pretty fast. America, I think, should be an important warning to other countries not to take for granted their institutions. I worry that things in the United States could get much worse.”