Rewriting the Rules of the American Economy

  • by Joseph E. Stiglitz
  • Narrated by Fred Sanders
  • 5 hrs and 53 mins
  • Unabridged Audiobook

Publisher's Summary

Inequality is a choice.
The United States bills itself as the land of opportunity, a place where anyone can achieve success and a better life through hard work and determination. But the facts tell a different story - the US today lags behind most other developed nations in measures of inequality and economic mobility. For decades, wages have stagnated for the majority of workers while economic gains have disproportionately gone to the top 1 percent. Education, housing, and health care - essential ingredients for individual success - are growing ever more expensive. Deeply rooted structural discrimination continues to hold down women and people of color, and more than one-fifth of all American children now live in poverty. These trends are on track to become even worse in the future.
Some economists claim that today's bleak conditions are inevitable consequences of market outcomes, globalization, and technological progress. If we want greater equality, they argue, we have to sacrifice growth. This is simply not true. American inequality is the result of misguided structural rules that actually constrict economic growth. We have stripped away worker protections and family support systems, created a tax system that rewards short-term gains over long-term investment, offered a de facto public safety net to too-big-to-fail financial institutions, and chosen monetary and fiscal policies that promote wealth over full employment.

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Customer Reviews

Most Helpful

Good Book

This is all about creating a more equitable society where the middle class can excel and where the poor can be helped out of poverty into productive lives. It requires all kind of changes which will be difficult to enact. It's a complex subject with many facets that have brought us to the inequitable situation that exists. This book would be better understood if read rather than using audible, due to the complexity.
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- Gene W. Brown

A Plan for the future

Stiglitz is the best. A great progressive economist. He also explains the causes of our economic problems.
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- Rick

Book Details

  • Release Date: 11-02-2015
  • Publisher: Random House Audio