Summary of The Great Divide

Unequal Societies and What We Can Do About Them

W.W. Norton, more...

Buy the book

The Great Divide book summary
Economist and Nobel laureate Joseph E. Stiglitz, who helped coin the term “the one percent,” believes inequality damages the US economy.

Rating

9 Overall

9 Importance

8 Innovation

9 Style

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
  • How other nations keep inequality in check
 

Summary

The Top of the Heap
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...
Get the key points from this book in less than 10 minutes. Learn more about our products or log in

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.


Comment on this summary

  • Avatar
  • Avatar
    Janice Nessel 1 year 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.
  • Avatar
    Мартин Рутковский 1 year ago
    Можете перевести этот конспект по-русски?

More on this topic

By the same author

Customers who read this summary also read

More by category