Summary of The Great Divide

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Recommendation

Nobel laureate Joseph E. Stiglitz believes financial inequality undermines the US economy. A former adviser to President Bill Clinton and a critic of President George W. Bush, Stiglitz makes no claim to ideological impartiality. He helped coin the terms “the 1%” and “the 99%” to describe the gap between the ultra wealthy and everyone else. This collection features his writings from Vanity Fair, The New York Times, Politico and other media outlets. As a result, you may find some parts repetitive, but Stiglitz’s sage insights stand out. While always politically neutral, getAbstract recommends his text to investors, CEOs, policy makers, students of business and politics, and all those concerned about the yawning economic gaps in modern society.

In this summary, you will learn

  • How inequality grew in the US economy,
  • How the American political system favors the wealthy and
  • How other nations keep inequality in check.
 

About the Author

Nobel Prize-winning economist Joseph E. Stiglitz teaches at Columbia University. He is the author of the bestsellers The Price of Inequality, Freefall and Globalization and Its Discontents.

 

Summary

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The top 1% of income earners in the United States – especially the top 0.1% – live in a world of private jets, multiple estates and offshore bank accounts. This stands in stark contrast to the daily struggles of millions of Americans who fret about keeping up with the...

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    Janice Nessel 2 years ago
    I don't totally understand the tax code of the US, but I can say that a flat tax for all who aide in the pursuit of equality with regards to this issue.
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    Мартин Рутковский 2 years ago
    Можете перевести этот конспект по-русски?

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