Stiglitz: Anger Over 'Failed Economy' is Shaping US Election

"Americans have seen lots of injustices. I think that has really motivated the anger across the spectrum."

by Nadia Prupis, staff writer

Inequality is shaping the 2016 U.S. presidential election, as voters disillusioned by the financial crisis and Wall Street greed increasingly turn to populist candidates like Bernie Sanders, who has made economic inequality a central platform of his campaign, Nobel Prize-winning economist Joseph Stiglitz said on Wednesday.

"There are a lot of people that are described as angry and they finally figured out that they’re not doing very well," Bloomberg reports Stiglitz as saying during an event at the Resolution Foundation, a London-based research group. "They’re not doing as well as their parents; some Americans aren’t doing as well as their grandparents."