Stiglitz: Trump can crumble the balance of powers, the basis of US democracy.

The 2001 Nobel Prize in Economics, Joseph Stiglitz, told Efe this Thursday that the next years of Donald Trump’s presidency open the door to the collapse of the balance of powers at the base of the United States democratic system, a situation he considers “worrying”

“Currently, with a Supreme Court of Republican Tendency and a Republican Congress that seems totally subordinated to Trump, the system of pesos and counterweights, which was in the nucleus of American democracy, is being crumbled”Stiglitz said in the Vatican, where he participated in an International Forum on Fiscal Justice.

He said, “There are some judges who continue to apply the law, but it is not even clear if Trump will comply with judicial orders”

This can lead to “A constitutional crisis in which the Executive Power affirms that it will challenge judicial orders and disobey Congress”, Stiglitz, co -president of the Independent Commission for the Reform of International Corporate Taxation (ICRICT), organizer of the event.

“I see the next four years as a very worrying period”, Added Stiglitz, who hopes that in two years the Congress will be controlled by the Democratic Party and greater supervision can be exercised on Trump’s republican administration.

Stigliz also mentioned the recent suspension by Trump of the rule that vetos US companies to offer bribes to foreign officials, the law of corrupt practices abroad.

This legislation “It was very important“, and “The United Kingdom and Europe followed the example and promulgated laws“Similar”To discourage corruption”

However, when suspending such measures, “The incentive for corruption is very high”, With a dynamic that he considered“dangerous”

“By bribing an official, you get an advantageous contract with a poor country” and “You want money“, but “The country suffers” and “It’s bad for the world“, given that “Create more inequality”, Said Stiglitz.

And there is a risk of “unleash a world of corruption” that “It is not good for US companies or the world” because “He undermines fair competition and leads to more inequality”He added.