...decisions were often made because of ideology and politics. As a result many wrong-headed actions were taken, ones that did not solve the problem at hand but that fit with the interests or beliefs of the people in power.

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In Joseph E. Stiglitz's book "Globalization and its Discontents," he emphasizes that decisions frequently stem from ideological beliefs and political motives rather than practical solutions. This misalignment often leads to misguided actions that fail to address the core issues they are meant to resolve.

Stiglitz argues that these decisions are influenced by the interests of those in power, resulting in policies that align more with their beliefs than with effective problem-solving....

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February 20, 2025

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