I AGREE WITH THE LIBERAL OBSERVATIONS, BUT EXPECTED AN EMINENT PROFESSOR WOULD WRITE WITH MORE SUBSTANCE THAN A TIME MAGAZINE JOURNALIST.
This book is an illuminating foray into the failings of our current political and economic systems. Presented in clear and cogent writing, it is spellbinding. Insightful identification of the problems and commonsensical solutions to eradicate them. Explains the current Trump phenomenon, where some of the 99% have finally discovered that they have been played. However because of racism, nativism, and ignorance, have misdirected their anger at the wrong people!
Excellent narrative on the chasm between those few at the top and the million struggling to get by. His facts grab you - leading you to learn more.
For the general person working day to day, its hard to think...to even imagine that we are simply playthings being manipulated for the pure greed and enjoyment of a group of billionaires and mega-corporations.
Everyone needs to read this and get inspired..get mad. Then do something. Even if only to vote.
This is a critical analysis of the problems with our nation's economy and government, showing how both the free market and the government controls are failing the Vast majority of Americans (and because of globalization, many in other countries). Its conclusions are probably only obvious to US liberals, but as one I got a lot of great sources of studies to support that position.
It is biased, of course, but he also points out a lot that I think the Right would agree with - that rent seeking behavior, and policies that support it, are huge burdens on our economy. The conclusion of the need for eliminating rent seeking by taxation on those practices and closing loopholes in our tax code is probably not universal, but it's sound and he supports it well. Maybe audiobooks omit citations because of narrative flow, but I would have liked more links to specific studies.
Just a proud daddy of the most beautiful girl in the world
Always leaned center right but Damn this is a mess we must fix both parties should be ashamed
An educator and senior who listens to his books from his phone through his hearing aids.
The Price of Inequality by Nobel Prize winner, Joseph E. Stiglitz is by far the best book on Economics that I have read. His arguments will not be embraced by the free market advocates, but to those with an open mind and some social conscience his explanations of the issues at play in our country will resonate. His illustration of how the very rich are able to use many rent seeking devices to redirect wealth to themselves is very clear and hard to refute. His speculation of where the American economy is heading is alarming. I think his book ought to be mandatory reading for all undergraduate economics students.
While I support the overall view of the book, I found the absolutes and many examples of stretching the facts disappointing. There are enough facts to make the case for closing the economic gaps that create inequality and you will find those in this book. However, the simple facts must not have dramatic enough for Stiglitz. This book will fan the flames of the far right and give them more reasons to do the same with their own slanted interpretations of facts and partial truths. It certainly will not help them understand and is not likely to move a person in the center to agree. It will simply cause those of a common attitude to dig in deeper thus further preventing us from reaching resolution.
The performance of the reader is great, it's the actual content that ruins it for me. I understand why he writes what he does, and am ok with what he believes but there is nothing new or exciting in his ideas or explanations
Realize that the problem is the Human condition, all of his "solutions" ignore this fact, I feel as if he has a very naive and unrealistic view of people. He assumes that people wont take advantage of every situation they can. I believe there is a very small portion of the population that is altruistic, but the true 99% are the amount of people who will look after themselves 1st and foremost.
Yes, I enjoy the diversity of his thinking from mine, and find that I agree with most every problem he conveys, I just disagree with almost all of his solutions.
The title says it all. The author presents well reasoned, well documented arguments about how the average citizen is losing out to special interests.
The roots of the hyperpartisanism were clearly explained - at least this authors hypothesis. What was really interesting are the games that politicians play to get what THEY want and there are times that what they want is not in alignment with what is best for their constituents.
I was of the belief that the present lack of bipartisan cooperation was due to Obama being an African American (and I do believe that plays a big part especially in the minds of some very vocal voters) but I have come to realize that there are bigger issues at play.