The top 1 percent of Americans control some 40 percent of the
nation's wealth. But as Joseph E. Stiglitz explains in this
best-selling critique of the economic status quo, this level of
inequality is not inevitable. Rather, in recent years well-heeled
interests have compounded their wealth by stifling true, dynamic
capitalism and making America no longer the land of opportunity
that it once was. They have made America the most unequal advanced
industrial country while crippling growth, distorting key policy
debates, and fomenting a divided society. Stiglitz not only shows
how and why America's inequality is bad for our economy but also
exposes the effects of inequality on our democracy and on our
system of justice while examining how monetary policy, budgetary
policy, and globalization have contributed to its growth. With
characteristic insight, he diagnoses our weakened state while
offering a vision for a more just and prosperous future.
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