The Price of Inequality How Today's Divided Society Endangers Our Future (Hardcover)
|Author: Joseph E. Stiglitz|
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From the Publisher:
The top 1 percent of Americans control 40 percent of the nation?s wealth. And, as Joseph E. Stiglitz explains, while those at the top enjoy the best health care, education, and benefits of wealth, they fail to realize that ?their fate is bound up with how the other 99 percent live.?
Stiglitz draws on his deep understanding of economics to show that growing inequality is not inevitable: moneyed interests compound their wealth by stifling true, dynamic capitalism. They have made America the most unequal advanced industrial country while crippling growth, trampling on the rule of law, and undermining democracy. The result: a divided society that cannot tackle its most pressing problems. With characteristic insight, Stiglitz examines our current state, then teases out its implications for democracy, for monetary and budgetary policy, and for globalization. He closes with a plan for a more just and prosperous future.
Examines how the wealthy classes have contributed to growing inequality in society and explains how the quest to increase wealth has hindered the country's economic growth as well as its efforts to solve its most pressing economic problems.
"[This book] is the single most comprehensive counterargument to both Democratic neoliberalism and Republican laissez-faire theories. . . . [Stiglitz] seeks to shift the terms of the debate." - Thomas B. Edsall 08/05/2012