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Book Synopsis
In his illuminating new book, Douglas McWilliams argues that inequality is largely driven not by a conspiracy of the rich, as Thomas Piketty suggests, but by technology and globalization tat have led to the paradox of rising inequality even as worldwide poverty drops. But what are the implications of this seeming contradiction, and what ultimately drives the global distribution of wealth? What can societies do to reshape capitalism for the 21st century? Drawing on the latest research, McWilliams investigates how wealth is concentrated and why it persistently remains in the hands of very few. In accessible and thought-provoking prose, McWilliams poses a comprehensive theory on why capitalism has not met its match in the form of increasingly disparate income distribution, but warns of the coming wave of technological developmentthe fourth industrial revolutionthat threatens to create a scarcity of unskilled jobs that will lead to even greater inequality and explains wha

The Inequality Paradox How Capitalism Can Work

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    A Hardback by Douglas McWilliams

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      Publisher: Overlook Press
      Publication Date: Publication Date: 20/11/2018
      ISBN13: 9781468314984, 978-1468314984
      ISBN10: 146831498X

      Description

      Book Synopsis
      In his illuminating new book, Douglas McWilliams argues that inequality is largely driven not by a conspiracy of the rich, as Thomas Piketty suggests, but by technology and globalization tat have led to the paradox of rising inequality even as worldwide poverty drops. But what are the implications of this seeming contradiction, and what ultimately drives the global distribution of wealth? What can societies do to reshape capitalism for the 21st century? Drawing on the latest research, McWilliams investigates how wealth is concentrated and why it persistently remains in the hands of very few. In accessible and thought-provoking prose, McWilliams poses a comprehensive theory on why capitalism has not met its match in the form of increasingly disparate income distribution, but warns of the coming wave of technological developmentthe fourth industrial revolutionthat threatens to create a scarcity of unskilled jobs that will lead to even greater inequality and explains wha

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