That’s the title of a new book by Nobel laureate and professor of economics Joseph Stiglitz. Professor Stiglitz teaches at Columbia, and is not considered a liberal. His book, reviewed by Tomas B. Edsall in the Sunday New York Times, details how a money-driven political system rewards the wealthy and increases inequality.
Stiglitz tells us that the U.S. is becoming a nation “...in which the rich live in gated communities, send their children to expensive schools and have access to first-rate medical care. Meanwhile, the rest live in a world marked by insecurity, at best mediocre education and in effect rationed health care.”
He points out that inequality acts to undermine a robust capitalist economy. It means the nation is not making the best use of all of its citizens.
The book is available from W. W. Norton & Co., and costs $27.95.
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