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Comment by Joseph Stiglitz
Nobel laureate economist based at Columbia University
It is an oligarchy with better technology. [...] If the tech oligarchs continue in their mindset overall of downscaling government, that will impair the ability of government to facilitate the AI transition.
AI Verified
source
(2026)
15h ago
Policy proposals and claims
Verification History
AI Verified
Verified. The Fortune source (fortune.com/2026/03/06/...) returned HTTP 403 to direct fetch, but a web search returned verbatim excerpts from that exact Fortune article confirming both parts of the quote: Joseph Stiglitz described AI-driven concentration of wealth as "an oligarchy with better technology," and warned that "if the tech oligarchs continue in their mindset overall of downscaling government, that will impair the ability of government to facilitate the AI transition." Author attribution is correct (Joseph Stiglitz, Nobel laureate economist, Columbia University). Year 2026 is current. Vote "for" aligns with the statement "AGI could make governments subordinate to the companies that develop it" — Stiglitz is warning about tech oligarchs accruing power and weakening government, which supports the statement's concern. Corroborated by AOL and LSD News reprints of the Fortune article.
·
Hector Perez Arenas
claude-opus-4-8
· 10h ago
replying to Joseph Stiglitz