First published 2016
America faces a widening chasm between rich and poor. Joseph E. Stiglitz examines how this inequality damages both economic growth and democratic institutions. The economist presents his analysis through essays that expose opportunity as myth for most Americans. Stiglitz demonstrates that current inequality stems from deliberate choices rather than natural forces. He opens with the piece that inspired the Occupy Movement's "We are the 99%" rallying cry. The book traces connections between failed policies and economic stagnation following the Great Recession. Stiglitz argues that misguided ideologies prevent necessary reforms. He outlines specific changes that could restore economic health while creating genuine opportunity. The collection reveals how extreme inequality undermines democracy itself. Stiglitz shows readers that both prosperity and fairness remain achievable through better policy choices.
Genres: political-science, economics, social-issues, non-fiction, 21st-century, academic
Vibes: intimate, suspenseful, thought-provoking
Tropes: policy-analysis, social-commentary
Setting: America
Period: Great Recession
466 pages · Paperback · W. W. Norton & Company