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
I think it is easier to listen but the print or Kindle (which I have) version helps with tables, charts, and statistics provided in the text. In order to recall it later I find that it helps to read as well as hear that type of material. Also, the book contained detailed footnotes and references. By having the print version, I was able to look up reference materials and read it myself.
This is nonfiction but there is nonetheless a story line tracing the development of inequality over the 20th Century. The most important message is that inequality hurts everyone including those at the top and that a certain amount of income and wealth leveling is good for everyone.
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!
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.
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
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.
Reveals the real facts about inequality and analizes causes, current status and possible future development either if something gets done about or not. The tretment of the theme provided me with a reasonable criteria.
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