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  • People, Power, and Profits

  • Progressive Capitalism for an Age of Discontent
  • By: Joseph E. Stiglitz
  • Narrated by: Sean Runnette
  • Length: 9 hrs and 10 mins
  • 4.4 out of 5 stars (8 ratings)

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People, Power, and Profits

By: Joseph E. Stiglitz
Narrated by: Sean Runnette
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Summary

A Nobel prize winner challenges us to throw off the free market fundamentalists and reclaim our economy.

We all have the sense that the American economy - and its government - tilts toward big business, but as Joseph E. Stiglitz explains in his new book, People, Power, and Profits, the situation is dire. A few corporations have come to dominate entire sectors of the economy, 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 our 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 of 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 America's economic might and its democracy.

©2019 Joseph E. Stiglitz (P)2019 Tantor
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  • Overall
    3 out of 5 stars
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    5 out of 5 stars

Ruined by monotonous reader

Critical and interesting ideas are carefully put forward by the author, but few, I fear, will persist to the end with this lifeless, pedantic voice unless they are already convinced by the importance of the contents, as I was. I dare not recommend this to anyone, even though there are very many who would benefit. What a shame.

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  • Overall
    4 out of 5 stars
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    4 out of 5 stars
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    4 out of 5 stars

Explains today’s main challenges

A good, well researched, explanation of how economic inequality has risen along with the undermining of democratic institutions. While this has happened in many high income countries in recent years the diagnosis and potential solutions are mainly US focused.

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  • Overall
    4 out of 5 stars
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    4 out of 5 stars

Essential for our current political economy

ambitious and broad sweeping. I'm interested in reading Joe's more detailed works. This work could use more examples.

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