Downstream: American Democracy Is Collapsing, and This Man Predicted It w/ Joseph Stiglitz

Downstream: American Democracy Is Collapsing, and This Man Predicted It w/ Joseph Stiglitz

Author: Novara Media June 16, 2025 Duration: 56:25

During the 2008 economic crisis, the Obama administration had an opportunity to enact widespread market reforms. Instead, they bailed out the banks and laid the groundwork for mass inequality and a political culture that has given us a second Trump administration.

This week’s guest was in the room where those crucial decisions were made, and argued that financial institutions should not be able to escape the consequences of their recklessness.

Joseph Stiglitz is a Nobel Prize-winning economist and author of ‘The Road To Freedom: Economics and The Good Society’.

He sat down with Aaron to discuss the collapse of American democracy, his relationship with Milton Friedman and whether China is actually a socialist country.


Tune in to Novara Media for a distinct and probing take on the world as it is, and as it could be. This independent podcast offers a necessary space for the conversations often sidelined elsewhere, weaving together sharp analysis of current affairs with deeper explorations of culture, philosophy and power. Each episode naturally delves into the interconnected crises shaping our time-be it the fraying edges of our economic system, the urgent fight for climate justice, or the enduring struggles against structural inequality. The discussions are built on a foundation of radical thought and a commitment to imagining alternatives, moving beyond the day's headlines to examine the root causes and potential futures. Hosted by the team at Novara Media, the audio format brings a direct, engaging and often challenging perspective, featuring interviews, panel debates and solo commentaries that refuse simplistic answers. It’s for anyone who finds mainstream narratives insufficient and is looking for a podcast that treats politics, society and culture as the complex, urgent and deeply human matters they truly are.
Author: Language: English Episodes: 306

Novara Media
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