Book & Book Review: Price of Inequality
Posted by on December 16, 2013
Our Financial Reform, Our Health: Review of Price of Inequality: How Today’s Divided Society Endangers our Future, by Joseph Sitglitz
Reviewed by Ted Wysocki
Joseph Stiglitz, a Nobel prize-winning economist, offers remedies to restore our economic health as our communities continue to struggle with the lack of jobs and foreclosed homes. This is our cancer, he says: “Unemployment-the inability of the market to generate jobs for so many citizens-is the worst failure of the market, the greatest source of inefficiency, and a major cause of inequality.”
Stiglitz calls government policy a malpractice for failing to treat the cancer. For those of us who have spent our careers tracking our nation’s lack of community investment, it comes as no surprise that Stiglitz specifically faults the bank bailouts: “Never in the history of the planet had so many given so much to so few who were so rich without asking anything in return.” What has this done to inequality?
Read more at: http://www.shelterforce.org/article/3528/price_of_inequality/
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