More than somewhat repetitive, many articles cover very similar ground. Also totally depressing in view of the Trump efforts to maximise the benefits to the 0.1% at the expense of every-one else. There is no doubt that this is one of the major issues of our time, however there must be other ways to raise consciousness of it.
A critically important book.
One of America’s most significant problems in the 21st century is the tragic inequality of the economy. Since approximately 1979 (the age of Reaganomics), our economy’s inequality has been approaching the historical inequality of the 1920’s. The inequality is devastating to such a large swath of the population that it not only is harmful to millions, it is, at the same time, preventing America from being the great nation that it can be. I suspect that this inequality will be a major topic for discussion prior to the 2016 presidential election. I knocked off a half star because this book on economics contains exactly zero graphs/statistic tables. I am not certain why this Nobel prize-winning author ignores the phrase that a picture is often worth a thousand words.
Mr. Stiglitz seems like a good person and all. However, he has many status quo assumptions sadly, and thus far from critical enough of the systemic fraud and predatory behavior present in the pinnacle of Capitalism: Wall Street.
True, he is better than the vast majority of talking heads in mainstream media, but what can you expect from a corporate-financed propaganda apparatus?
He is better than a Robert Reich, or a Paul Krugman, or a Michael Lewis (these drones omit so many facts, which makes them propaganda artists!). Stiglitz seems to be on the level of a Ha-Joon Chang or Thomas Piketty. Basically: worth the read but keep in mind of their many status quo assumptions.
Much more intriguing to read: David Graeber. Prof. Michael Hudson. Nomi Prins.
Disclaimer: I've always considered Stiglitz a mediocre mind, and nothing in this book changes that opinion. Yes, he cites the obvious again and again and again, but really is clueless as to how the rabble could ever effect those changes! Yes, he did receive the Swedish Central Bank prize in economics [erroneously referred to as a Nobel prize, although the Nobel family doesn't recognize it] for his banal work on asymmetric information. He is slightly above Robert Reich, and somewhat less culpable, having honestly explained the World Bank in an interview tih Greg Palast - - far more intelligently than Perkins and his Economic Hitman confessions, but his recommendations don't amount to anything.
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