OREANDA-NEWS. According to The Guardian newspaper, Joseph Stiglitz, Nobel laureate in economics, said the US government’s approach to tackling the coronavirus crisis is similar to a third world country’s policy and could lead the American nation to a second Great Depression.

“The numbers turning to food banks are just enormous and beyond the capacity of them to supply. It is like a third world country. The public social safety net is not working,” he said in an interview with the edition. In response to a question, can it be said that the United States may be moving towards the second Great Depression, the economist answered affirmatively. “If you leave it to Donald Trump and Mitch McConnell (The Republican senate majority leader. – Ed.) we will have a Great Depression. If we had the right policy structure in place we could avoid it easily,” Stiglitz explained.