Joseph E. Stiglitz, in his book "The Price of Inequality," emphasizes the crucial role of a well-informed public in maintaining a healthy democracy. He argues that a citizenry that understands issues and engages in civic life is essential for democratic processes to function effectively. Without an informed public, the foundations of democracy are weakened, leading to potential degradation in governance.

Stiglitz also highlights that this informed citizenry relies heavily on an active and diverse media landscape. Media serves as the conduit for information, shaping public discourse and enabling citizens to make informed decisions. A variety of voices in the media ensures that different perspectives are represented, which is vital for fostering engagement and trust in democratic institutions.