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
A thorough and thoughtful analysis of the social and economic forces shaping the plight of millions. Engaging, informative and relevant.
Unfortunately, the narrator reads as if standing in front of economically ignorant highschool freshmen. How about trying to read to adults for a change!
This is one of those rare books that is enjoyable for both individuals who have studied economics and those who have never taken an econ. class. The book is very well written—seamlessly weaving together a variety of facts and findings from various disciplines with current economic conditions at both the international and domestic level in a way that one is led inexorably to agree with Stiglitz's conclusions about the need for more equitable distribution.
I can't yet compare it to the print version, but listening has convinced me that this is an important book to read.
Why Fairness Matters
Stiglitz presents an overwhelming (and sometimes excessive) case to describe the development of inequality in the US (and elsewhere). There is so much information that it is somewhat tiresome (or at least daunting) at times. He's probably a bit extreme in painting "corporations" or "bankers" as bad guys since sometimes the stockholders of those corporations are many, many "common" folk that either believe in the company and/or rely on the dividends paid by the company. So, not everything is done for the "fat cats" at the top -- some decisions are made because the vast proportion of stockholders "demand" it.
The description of the building inequality over decades.
Stiglitz paints such a dire picture that it's hard to see his suggestions being remotely implemented given the state of political discourse nowadays. Maybe he could have described some reasonable or possible smaller bites at the apple that might at least start us moving in the right direction (or slowing down our momentum of making things worse).
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
Report Inappropriate Content