The Price of Inequality is a book by Nobel laureate Joseph E. Stiglitz that exposes the harmful effects of economic inequality on the American society and democracy. Stiglitz argues that the growing gap between the rich and the rest is not only unjust, but also inefficient and unsustainable. He shows how the wealthy use their political power to rig the rules of the market in their favor, while undermining the public goods and services that benefit everyone. He also demonstrates how inequality erodes trust, social cohesion, and civic participation, leading to social and political instability.
Stiglitz does not accept the common excuses that inequality is inevitable, desirable, or beneficial. He challenges the myths that capitalism rewards merit, that markets are always efficient, and that trickle-down economics works. He provides evidence from history, economics, and other disciplines to support his claims. He also offers a vision of a more equitable and prosperous society, based on a reform agenda that includes progressive taxation, public investment, regulation, social protection, and democracy.
The book is a compelling and persuasive analysis of one of the most pressing issues of our time. It is also a call to action for all citizens who care about the future of their country and the world. The book is well-written, well-researched, and well-argued. It is a must-read for anyone interested in understanding and addressing the problem of inequality.