Description
Book SynopsisFrom Nobel Prize-winning economist and bestselling author Joseph Stiglitz, this account of the dangers of free market fundamentalism reveals what has gone so wrong, but also shows us a way out.
We all have the sense that our economy tilts toward big business, but as Joseph E. Stiglitz explains in People, Power and Profits, a few corporations have come to dominate entire sectors, contributing to skyrocketing inequality and slow growth. This is how the financial industry has managed to write its own regulations, tech companies have accumulated reams of personal data with little oversight, and government has negotiated trade deals that fail to represent the best interests of workers. Too many have made their wealth through exploitation of others rather than through wealth creation. If something isn''t done, new technologies may make matters worse, increasing inequality and unemployment.
Stiglitz identifies the true sources of wealth and increases i
Trade Review
This eminent economist provides an authoritative defence of government intervention using mainstream economics and a justification for how to build a fairer society without sacrificing growth -- Gavin Jacobson * Financial Times *
His conclusions are bleak, his prescriptions radical -- Gerard Baker * The Times *
People, Power, and Profits builds on Stiglitz's earlier work and adds some pretty big ambitions -- Daniel W. Drezner * The New York Times *
Urgent ... Unless rising inequality caused by mismanaged globalization, financial liberalization, and destabilizing technological change is addressed, Stiglitz argues, nostrum-peddling demagoguery will find a receptive audience * New Yorker *
