The Price of Inequality: How Todays Divided Society Endangers Our Future by Joseph E. StiglitzA forceful argument against Americas vicious circle of growing inequality by the Nobel Prize–winning economist.
America currently has the most inequality, and the least equality of opportunity, among the advanced countries. While market forces play a role in this stark picture, politics has shaped those market forces. In this best-selling book, Nobel Prize–winning economist Joseph E. Stiglitz exposes the efforts of well-heeled interests to compound their wealth in ways that have stifled true, dynamic capitalism. Along the way he examines the effect of inequality on our economy, our democracy, and our system of justice. Stiglitz explains how inequality affects and is affected by every aspect of national policy, and with characteristic insight he offers a vision for a more just and prosperous future, supported by a concrete program to achieve that vision.
Joseph E. Stiglitz The Price of Inequality How Today's Divided Society Endangers Part01 Audiobook
The Price of Inequality: the Good, the Bad, and the Ugly
No one denies that modern health care is expensive, but what factors contribute to the rising cost? Of course, continually advancing technology provides the most obvious and perhaps greatest cause. Innovations in all forms of medical equipment, surgical techniques, and therapies are costly on their own, but also require specialists to operate them, or additional training for existing specialists. Patients, with more access to information about new technology through the Internet and other sources, expect the latest technology in their own treatment. Research and physician demands to use new techniques to explore all possibilities in patient care fuel this expectation. The rising cost of physician care provides the next most significant contributor to rising medical costs.
He attacks the growing wealth disparity and the effects it has on the economy at large. Stiglitz is a Nobel Prize -winning economist who teaches at Columbia University. Stiglitz argues that inequality is self-perpetuating, that it is produced by the vast amount of political power the wealthy hold to control legislative and regulatory activity. He does not believe that globalization and technological changes are at the heart of differences in wealth in the U. The end result is not only morally wrong but also hurts the productivity in the economy. Stiglitz criticizes many conservative commentators who believe free markets are the solution by pointing out that reducing the estate tax and deregulating campaign contributions act to restrict competition and give corporations undue power in politics.
The story of Anthem takes place in some unspecified future time and place in which freedom and individual rights have been obliterated. Collectivism — the political philosophy holding that an individual exists solely to serve the state — is dominant and has led to the establishment of a global dictatorship of the Fascist or Communist variety. Equality is a Street Sweeper of the city, having been chosen for this profession by the Council of Vocations. However, he has always been fascinated by the phenomena of nature and can't help but wonder what power of the sky causes lightning and how it can be harnessed to human benefit. Because of his fascination with the Science of Things, he secretly desires to be sent to the Home of the Scholars. He has been taught that it is a sin to harbor secret ambitions, and so believes he is guilty, though strangely, he feels no pangs of wrongdoing. One day while sweeping the streets, Equality comes upon a metal grill leading down into a dark tunnel.