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Joseph Stiglitz says it’s time to rewire the U.S. economy: ‘We shouldn’t let a good crisis go to waste’

  • U.S. economist Joseph Stiglitz told CNBC that the coronavirus pandemic has highlighted how the economic system isn't working.
  • The former chief economist of the World Bank said he's optimistic that many existing problems can be tackled simultaneously, since they're related.
  • In July, 130 countries backed a global minimum corporate tax rate of 15%, and Stiglitz said that move has ended the race to the bottom on taxes.

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