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The Price of Inequality
- How Today's Divided Society Endangers Our Future
- Narrated by: Paul Boehmer
- Length: 13 hrs and 4 mins
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Summary
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.
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- Richard Tol
- 04-01-24
outdated US-centric rant
that said, it still is Stiglitz, so there is the occasional gem and amusing gaffe
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- J R
- 05-02-24
Massively important book
Brilliantly details the 'how' of increasing inequality in the USA, but also the quite devastating consequences, for both the economy and the people. Also suggests a policy programme for fixing this, which is worth consideration.
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- Anonymous User
- 25-07-24
A moan about capitalism with a poor finale
A book full of opinions about wealth with little in the way of a solution. Depressing read.
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