Summary of The American Economy Is Rigged

Looking for the article?
We have the summary! Get the key insights in just 5 minutes.

The American Economy Is Rigged summary
Start getting smarter:
or see our plans




  • Controversial
  • Visionary
  • Hot Topic


America, once the land of opportunity, is becoming a land of adversity, according to Nobel Prize-winning economist Joseph E. Stiglitz. In this incisive article, which some readers will find disconcerting and others inspiring, he argues that flawed policy and the insidious role of money in politics have resulted in a US economy that benefits only the wealthiest, leaving everyone else behind. He warns that leaders must intercede to rebalance the economy or suffer the consequences of radicalism and unrest.

About the Author

Joseph E. Stiglitz is a professor at Columbia University and chief economist at the Roosevelt Institute. In 2001, he won the Nobel Prize in economics.



In 2018, America is the most affluent country in the world. But a closer look unveils the story of an advanced nation with severe inequality. Though it declined after the Great Depression, inequality began rising markedly beginning in the 1980s, a trend that most observers attribute to globalization and technology. But forces within the United States’ control – a shifting of market power that favors a plutocracy to the detriment of ordinary people – are more to blame. Since 1970, the top 1%’s income has increased fourfold, while the earnings of 90% of the population have...

More on this topic

By the same author

The Great Divide
The Price of Inequality
Making Globalization Work
The Roaring Nineties

Customers who read this summary also read

Global Inequality
The Myth of Capitalism
The American Economy
Dream Hoarders
Gender Equality
Capitalism Without Capital

Related Channels

Comment on this summary