| Description |
xxvi, 428 pages ; 25 cm |
| Summary |
"How has America become the most unequal advanced country in the world, and what can we do about it? In The Great Divide, Joseph E. Stiglitz expands on the diagnosis he offered in his best-selling book The Price of Inequality and suggests ways to counter Americas growing problem. With his signature blend of clarity and passion, Stiglitz argues that inequality is a choice--the cumulative result of unjust policies and misguided priorities. Gathering his writings for popular outlets including Vanity Fair and the New York Times, Stiglitz exposes in full America's inequality: its dimensions, its causes, and its consequences for the nation and for the world. From Reagan-era policies to the Great Recession and its long aftermath, Stiglitz delves into the irresponsible policies--deregulation, tax cuts, and tax breaks for the 1 percent--that are leaving many Americans farther and farther behind and turning the American dream into an ever more unachievable myth. With formidable yet accessible economic insight, he urges us to embrace real solutions: increasing taxes on corporations and the wealthy; offering more help to the children of the poor; investing in education, science, and infrastructure; helping out homeowners instead of banks; and, most importantly, doing more to restore the economy to full employment. Stiglitz also draws lessons from Scandinavia, Singapore, and Japan, and he argues against the tide of unnecessary, destructive austerity that is sweeping across Europe. Ultimately, Stiglitz believes our choice is not between growth and fairness; with the right policies, we can choose both. His complaint is not so much about capitalism as such, but how twenty-first-century capitalism has been perverted. His is a call to confront America's economic inequality as the political and moral issue that it is. If we reinvest in people and pursue the other policies that he describes, America can live up to the shared dream of a more prosperous, more equal society."--Book jacket. |
| Contents |
Introduction -- Prelude: Showing Cracks -- The Economic Consequences Of Mr. Bush -- Capitalist Fools -- The Anatomy of a Murder: Who Killed America's Economy? -- How to Get Out of the Financial Crisis -- Part 1 Big Think -- Of the 1 Percent, by the 1 Percent, for the 1 Percent -- The 1 Percent's Problem -- Slow Growth and Inequality Are Political Choices. We Can Choose Otherwise. -- Inequality Goes Global -- Inequality Is a Choice -- Democracy in the 1st Century -- Phony Capitalism -- Part II Personal Reflections -- How Dr. King Shaped My Work in Economics -- The Myth of America's Golden Age -- Part III Dimensions of Inequality -- Equal Opportunity, Our National Myth -- Student Debt and the Crushing of the American Dream -- Justice for Some -- The One Housing Solution Left: Mass Mortgage Refinancing -- Inequality and the Americna Child -- Ebola and Inequality -- Part IV Causes of America's Growing Inequality -- America's Socialism for the Rich -- A Tax System Stacked against the 99 Percent -- Globalization Isn't Just about Profits. It's about Taxes Too. -- Fallacies of Romney's Logic -- Part V Consequences of Inequality -- The Wrong Lesson from Detroit's Bankruptcy -- In No One We Trust -- Part VI Policy -- How Policy Has Contributed to the Great Economic Divide -- Why Janet Yellen, Not Larry Summers, Should Lead the Fed -- The Insanity of Our Food Policy -- On the Wrong Side of Globalization -- The Free-Trade Charade -- How Intellectual Property Reinforces Inequality -- India's Patently Wise Decision -- Eliminating Extreme Inequality: A Sustainable Development Goal, 2015-2030 -- The Postcrisis Crises -- Part VII Regional Perspectives -- The Mauritius Miracle -- Singapore's Lessons for an Unequal America -- Japan Should Be Alert -- Japan Is a Model, Not a Cautionary Tale -- China's Roadmap -- Reforming China's State-Market Balance -- Medelín: A Light unto Cities -- American Delusions Down Under -- Scottish Independence -- Spain's Depression -- Part VIII Putting America Back to Work -- How to Put America Back to Work -- Inequality Is Holding Back the Recovery -- The Book of Jobs -- Scarcity in an Age of Plenty -- Turn Left for Growth -- The Innovation Enigma -- Afterword -- Q&A : Jopseph Stiglitz on the Fallacy That the Top 1 Percent Drives Innovation, and Why the Reagan Administration Was America's Inequality Turning Point -- Credits. |
| Subject |
Income distribution -- Social aspects.
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Equality.
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Wealth.
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United States -- Economic conditions -- 21st century.
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United States -- Social conditions -- 21st century.
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| ISBN |
9780393248579 |
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0393248577 |
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