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People, power, and profits: progressive capitalism for an age of discontent

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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 in standards of living, based on learning, advances in science and technology, and the rule of law. He shows that the assault on the judiciary, universities, and the media undermines the very institutions that have long been the foundation of economic prosperity and democracy.

Helpless though we may feel today, we are far from powerless. In fact, the economic solutions are often quite clear. We need to exploit the benefits of markets while taming their excesses, making sure that markets work for people and not the other way around. If enough rally behind this agenda for change, we can create a progressive capitalism that will recreate a shared prosperity. Stiglitz shows how a decent middle-class life can once again be attainable by all.

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Availability

Detail Information

Series Title

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Call Number

330 STI p

Publisher

London : Penguin Books., 2020

Collation

371 p. ; 20 cm

Language

English

ISBN/ISSN

9780141990781

Classification

300

Content Type

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Media Type

-

Carrier Type

-

Edition

-

Subject(s)

History
Finance
PHILOSOPHY
Social
Business
Economics
Non Fiction
Social Science
Politics

Specific Detail Info

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Statement of Responsibility

Joseph E. Stiglitz

Other Information

Level

High School

Book Segment

Select -- Reading for pleasure -- Program Reference

Reading Level

Independent

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