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The Price of Inequality

How Today's Divided Society Endangers Our Future

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The Price of Inequality

Written by: Joseph E. Stiglitz
Narrated by: Paul Boehmer
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About this listen

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 Economics Marketing & Sales Political Science Public Policy Sociology Economic disparity US Economy Economic Inequality Export Business Economic Policy Employment Global Financial Crisis Interest rate Great Recession Deflation

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Biting and poignant

A biting and pointing thesis on how inequality negatively affects society. Has a lot of clear examples although it does delve into minutiae a little in the back half and maybe loses its focus on how we pay the price for an unequal society. Still comprehensive and a solid read.

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