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.
©2012 Joseph E. Stiglitz (P)2012 Tantor
This is an important book to understanding the machinations occuring behind the scandals, bailouts, recessions, unemployment and many other factors widening the gulf between the haves and have-nots. The elimination of the middle-class is characterized as the short-sighted goal of the super-rich and the giant corporations.
Very clear enunciation and pleasant tone add to an upbeat performance, which must be difficult considering the breadth of the material and the potentially disheartening information.
The book is so engaging that I would have loved to have listened to this book in one sitting, but it is too thorough and lengthy to accomplish that feat. However, the length of the book should not dissuade anyone from reading it.
Though Stiglitz is not above lashing out at the political right, the financial elite, giant corporations, and military expenditures he provides a depth of facts and examples that support his positions. It is hard to disagree with his position when it is so well illuminated. It will be hard to passively watch the news after reading this book.
Not applicable. This is a non-fiction book by a Nobel prize-winning economist and former chairman of the Council of Economic Advisers in the Clinton administration.
If you are already depressed about the state of the American economy and American society, this book isn't going to make you feel any better.
This is a really thoughtful, well-argued book. You will gain valuable new perspectives on economics and American society from reading it.
It is one of the best
why nations fail
honest truth about unregulated economy and its dire consequences to society
pleased to listen to that audiobook on the way to work and back home thank you
Economy for the 1%, by the 1% and of the 1% pretty much explains The Price of Inequality. Stiglitz's talks about how the policies since pre-Reagan have kept the 1% fully in control and that even though they felt the downturns in the economy they were protected by total devastation that many incurred. The author's discussion of the failing student load program that impoverishes new job seekers who are entering an economy with fewer jobs due to automation and off shoring was eye opening.
I enjoyed the book though I didn't agree with some of the ideas and conclusions. It's good to hear intelligent arguments even if I don't agree with them.
A hybrid perspective
A very gripping description of what research has to say about where we are going as a nation. I was transfixed throughout the narration as I took in all of the data. I can't recommend this too highly.
It is well structured and very clear. I've learned many things about the economics of our time.
I have already done so, via social media. I think that everyone should read/hear this work. Those who do not know history being doomed to repeat it, as they say.
We were listening to the book as we drove through a lot of abject poverty situations and huge tracts of GMO corn and soybeans. It was disturbing, to say the least.
When I wondered whether we are all doomed.
Intelligent. Thorough. Instructive.
Stiglitz makes complex economic issues understandable. He clearly explains the consequences of America's future if we allow current practices in finance and government policies to prevail.
Excellent pronunciation and pacing.
Also recommend: "The Shock Doctrine" by Naomi Klein, "Griftopia" by Matt Taibbi, and "Aftershock" by Robert Reich.
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