By Temitope Oshikoya
“Regardless of how fast GDP grows, an economic system that fails to deliver gains for most of its citizens,
and in which a rising share of the population faces increasing insecurity is, in a fundamental sense, a failed economic system. And policies,
like austerity, that increase insecurity and lead to lower incomes and standards of living for large proportion of the population are, in a fundamental sense,
flawed policies.” Joseph E. Stiglitz, Economics Nobel Prize winner and former Chief Economist of the World Bank, in The Age of Vulnerability, Project Syndicate, Oct. 13, 2014.