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Publisher's 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.

©2012 Joseph E. Stiglitz (P)2012 Tantor

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Required Reading

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!

0 of 1 people found this review helpful

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Excellent! Enlightening! Maddening.

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.

0 of 1 people found this review helpful

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Thorough analysis, easy to follow

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.

0 of 1 people found this review helpful

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  • James
  • San Antonio, TX United States
  • 06-04-15

Wow a real eye opener

Always leaned center right but Damn this is a mess we must fix both parties should be ashamed

0 of 1 people found this review helpful

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  • Cliff
  • Garland, TX, USA
  • 11-01-13

More Uncompromised Attitudes

What disappointed you about The Price of Inequality?

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.

1 of 4 people found this review helpful

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  • Tim
  • batavia, OH, United States
  • 05-04-13

Naive, but well intentioned

What could have made this a 4 or 5-star listening experience for you?

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

What could Joseph E. Stiglitz have done to make this a more enjoyable book for you?

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.

You didn’t love this book... but did it have any redeeming qualities?

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.

1 of 4 people found this review helpful

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  • William
  • Leawood, KS, United States
  • 07-09-12

Important reading

The title says it all. The author presents well reasoned, well documented arguments about how the average citizen is losing out to special interests.

3 of 13 people found this review helpful

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Fpr all, but the Rent Seeking

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.

0 of 2 people found this review helpful

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  • Lisa
  • Placerville, CA, United States
  • 08-16-12

Like going to school

Would you recommend this audiobook to a friend? If so, why?

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.

What was the most compelling aspect of this narrative?

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.

Was there a moment in the book that particularly moved you?

When I wondered whether we are all doomed.

1 of 6 people found this review helpful

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Very Informative

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.

1 of 7 people found this review helpful