Trump would make the US economy weaker, less competitive and less equal | Joseph Stiglitz

Former president offers blank cheque to coal and oil, and cosies up to billionaires such as Elon Musk and Peter Thiel

The US presidential election in November is critical for many reasons. At stake is not only the survival of American democracy, but also sound stewardship of the economy, with far-reaching implications for the rest of the world.

American voters face a choice not only between different policies, but between different policy objectives. While the vice-president, Kamala Harris, the Democratic nominee, has yet to detail her economic agenda fully, she probably would preserve the central tenets of Joe Biden's programme, which include strong policies to maintain competition, preserve the environment (including reducing greenhouse gas emissions), reduce the cost of living, maintain growth, enhance national economic sovereignty and resilience and mitigate inequality.