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Joseph Stiglitz, Nobel Prize winner in Economics: โ€˜The ideology of billionaires currently has a mind-boggling degree of selfishnessโ€™

26 April 2026 at 04:00

Inequality today is worse than what the United States experienced during the Gilded Age at the end of the 19th century, says Joseph Stiglitz. โ€œThe wealthiest person in that era was Rockefeller. And his wealth really doesnโ€™t compare to that of Elon Musk, Larry Ellison, Jeff Bezos, and some of the new billionaires,โ€ explains the economist, who won the Nobel Prize in Economics in 2001, in a phone interview. โ€œTheir political influence under Donald Trump is also unprecedented, with Musk being the clearest example.โ€

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ยฉ FABRICE COFFRINI (AFP / GETTY IMAGES) (EL PAรS)

U.S. economist Joseph Stiglitz, in a picture taken in Geneva on March 16.
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