
People, Power, and Profits
Progressive Capitalism for an Age of Discontent
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Buy Now for $26.99
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Narrated by:
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Sean Runnette
About this listen
Penguin presents the audiobook edition of People, Power and Profits by Joseph Stiglitz, read by Sean Runnette.
We all have the sense that the American economy - and its government - tilts toward big business, but as Joseph E. Stiglitz explains in his powerful new book, People, Power, and Profits, a few corporations 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 the government has negotiated trade deals that fail to represent the interests of workers. Too many have made their wealth through exploitation of others rather than through wealth creation. 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.
Helpless though we may feel today, citizens are far from powerless. We need to exploit the benefits of markets while taming their excesses, making sure that markets work for us - not the other way around. If we rally behind the agenda outlined in this book, we can create a progressive capitalism that will recreate a shared prosperity.
©2019 Joseph Stiglitz (P)2019 Penguin AudioI see Stiglitz of the old guard of economists who believe in a more fair and equitable society of what could be if only we saw beyond the short terms and also the individualism made inherited since Regan. And expresses the era since WW2 to regan of greater growth and the slow or rapid decline depending on how you measure it of growth and equity in real terms for so many.
His progressive policy ideas really resonate from a sanders or warren campaign and his voice adds weight to their urgency, and also greater benefit. His critique of anti trust laws is incredibly useful in an age of big tech and stymied innovation and corporate investment and also how market power of the few undermines so much growth and competition essential for a sustainable market.
All in all a great read for those on the left and those great want to challenge their views on the right.
Progressive vision and history lesson
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