In a new opinion piece, Nobel Prize-winning economist Joseph E. Stiglitz argues that the United States is entering a period of decline on the world stage. Stiglitz, long known for his critiques of inequality and market fundamentalism, frames this moment as a turning point where the country’s economic and political models are being tested both domestically and internationally.
The piece, published by the Mexican newspaper La Jornada, reflects on how internal divisions, economic imbalances, and shifting global alliances may be eroding the influence the U.S. has held for decades. Stiglitz has repeatedly warned that unchecked inequality and weakened institutions can undermine a nation’s long-term competitiveness, even when its economy appears strong in the short run.
For readers unfamiliar with Stiglitz, he served as chief economist of the World Bank and won the Nobel Memorial Prize in Economic Sciences in 2001. He is a prominent voice on the political left in economic debates, frequently challenging the idea that free markets alone can ensure prosperity or global leadership.
This kind of commentary resonates especially in Latin America, where U.S. economic and foreign policy have historically shaped regional politics and trade relationships.
To explore Stiglitz’s full argument and the specific evidence he cites, we invite you to read the original article on jornada.com.mx.
Source: El ocaso de Estados Unidos/ Joseph E. Stiglitz (jornada.com.mx). English version produced with AI assistance.
Image: Gareth1953 All Right Now, BY 2.0 (via Openverse).