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.