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The US economy rewards the few and punishes the many, argues economist and Nobel prize winner Joseph E. Stiglitz. In this penetrating overview of the state of capitalism in the United States, he acknowledges the reasons for the rise of populism after the Great Recession and offers ideas to reverse rising inequality. The former World Bank economist supports a more active federal government and stricter regulation. His engaging analysis seems unlikely to bring conservatives to his view, but it offers important food for thought about the complex, divisive relationship between democracy and capitalism. Stiglitz writes about what matters to him most in a tone that is both personal and urgent.
About the Author
Winner of the Nobel Prize in economics and a best-selling author, Joseph E. Stiglitz served as an economic adviser in the Clinton administration.