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 oversigh…
We are told that unregulated capitalism creates not only greater prosperity, but more freedom for individuals. But, Joseph Stiglitz asks, whose freedom are we talking about? Should the freedoms of corporations impinge upon the rest of us? Here he reveals the truth about 'free' markets, and offers an alternative.