People, Power, and Profits: Progressive Capitalism for an Age of Discontent
Written by Joseph E. Stiglitz
Narrated by Sean Runnette
4/5
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About this audiobook
We all have the sense that the American economy-and its government-tilts toward big business, but as Joseph E. Stiglitz explains in his new book, People, Power, and Profits, the situation is dire. A few corporations have come to dominate entire sectors of the economy, contributing to skyrocketing inequality and slow growth. This is how the financial industry has managed to write its own regulations, tech companies have accumulated reams of personal data with little oversight, and our government has negotiated trade deals that fail to represent the best interests of workers. Too many have made their wealth through exploitation of others rather than through wealth creation. If something isn't done, new technologies may make matters worse, increasing inequality and unemployment.
Stiglitz identifies the true sources of wealth and of increases in standards of living, based on learning, advances in science and technology, and the rule of law. He shows that the assault on the judiciary, universities, and the media undermines the very institutions that have long been the foundation of America's economic might and its democracy.
Joseph E. Stiglitz
Joseph E. Stiglitz, a Nobel laureate in economics, is university professor at Columbia University and chief economist at the Roosevelt Institute. He is the author of The Stiglitz Report: Reforming the International Monetary and Financial Systems in the Wake of the Global Crisis, a co-author of Mismeasuring Our Lives: Why GDP Doesn't Add Up and Measuring What Counts: A New Dashboard for Well-being, and a co-editor of For Good Measure: An Agenda for Moving Beyond GDP (all published by The New Press). He lives in New York City.
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Reviews for People, Power, and Profits
26 ratings2 reviews
- Rating: 4 out of 5 stars4/5An impressively researched design for an economic path forward for the country. Stiglitz outlines the facts (while disproving the oft-told lies) relating to government intervention and participation in the marketplace. He shows how it has worked in the past and how it can work in the future if, and only if, we have the political courage and willpower to take the necessary action.
I'm seriously considering buying a copy of this and sending it to whomever becomes the next Democratic nominee for president with a note inside reading, "Please read this and take heed." - Rating: 3 out of 5 stars3/5I find it amusing how often Trump is likened to Hitler by otherwise sane people. I understand the author's frustration although not sure why he's upset by Trump doing what he expected him to do more than by Obama failing to deliver after taking all that trust (and a noble peace prize). Either way the book keeps promising a solution and then just ends abruptly with vague optimism.