Joseph Stiglitz on super profits, capital gains and why corporate tax is good for democracy

Inequality creates insecurity and, as the United States is demonstrating right now, that insecurity can have devasting consequences for democracy.

On this episode of Follow the Money, Nobel Prize-winning economist Professor Joseph Stiglitz joins Ebony Bennett and Dr Richard Denniss to discuss why Australia should get a better return for its natural resources, the power of corporations to mark up prices and push down wages, and why democracies should collect more corporate tax.

This episode was recorded live on Wednesday 11 February 2026.

What we owe the water: It's time for a fossil fuel treaty by Kumi Naidoo is available now for just $19.95. Use the code 'PODVP' at checkout to get free shipping.

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Guest: Joseph E Stiglitz, Nobel Laureate economist and Professor, Columbia University // @josephestiglitz

Guest: Richard Denniss, co-Chief Executive Officer, the Australia Institute // @richarddenniss

Host: Ebony Bennett, Deputy Director, the Australia Institute // @ebonybennett

Show notes:

The Price of Inequality: How Today's Divided Society Endangers Our Future by Joseph E Stiglitz (June 2013)

Australia’s great gas giveaway: how Australia gives gas to multinational corporations for free by Mark Ogge, Rod Campbell and Piers Verstegan, the Australia Institute (May 2024)

The capital gains discount and negative gearing benefit the rich and destroy housing affordability by Jack Thrower, the Australia Institute (February 2025)

Trump’s Big Bill makes America more dangerous while enriching a few, After America, the Australia Institute (July 2025)

Theme music: Pulse and Thrum; additional music by Blue Dot Sessions

We’d love to hear your feedback on this series, so send in your questions, comments or suggestions for future episodes to podcasts@australiainstitute.org.au.

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