Joseph Stiglitz Chapter Summary

Joseph Stiglitz in his extract concurs that the environment is being stained and the people that are being effected the most are the ones who are underprivileged. He further justifies his idea by giving examples of two industrial tycoons in the world; China and the United States (US). Both, he claims, race against each other on carbon emissions but China has won, although the US contributed more to this issue by almost more than a quarter carbon emissions since 1750. He adds on a global scale producers are not being effected but it’s underprivileged that suffer. In his real-life examples, Bangladesh shall have rain and Sahel of Africa will be droughted. He believes global warming is dooming the planet more than the wars. Furthermore, education deprivation he believes, costs much more to the environment and has a major influence on mother-child relationship both in terms of lifetime plans and health by referring to Janet Currie’s evidence. Partha Dasgupta on the miss use of resources collectively by an underprivileged society, just so they can survive takes him to think that it is tragedy of the commons, inequality and the environment go together to destroy mother earth. …show more content…
Social Cohesion is a self-repairing norm in any society. Inequality does seem to become a plethora of monsters’ unknown to the free market world. Sadly, equality is also unknow territory for the majority and the best example form the real world is the Soviet Union and history tells it did not end well. One can assume by Stiglitz lecture that it just sheds light on one side of the picture. All, equality, environment and inequality have their own sides and are quite comprehensive in establishing their own foothold. In my opinion the idea is still questionable, to be or not to