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Joseph E Stiglitz - The Great Divide: Unequal Societies and What We Can Do About Them (2015) [epub]

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  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 America’s 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
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 beyond 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.
   						

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