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.
About the Author
Winner of the 2001 Nobel Memorial Prize for Economics, Joseph E. Stiglitz is the author of "Making Globalization Work"; "Globalization and Its Discontents"; and, with Linda Bilmes, "The Three Trillion Dollar War."
Paul Boehmer, who has appeared on Broadway, on television, and in films, narrated an award-winning unabridged recording of "Moby Dick."
"Paul Boehmer's deep but gentle tone provides a comforting voice for the harsh realities that Stiglitz reveals. . . . More importantly, Boehmer knows how to project the key sentences of every paragraph, bringing home Stiglitz's point and giving the listener its full weight." ---AudioFile