#i am reading
“There are moments in history when people all over the world seem to rise up and say that something is wrong, to ask for change.”
Published in 2012, Joseph Stiglitz’s treatise on neoliberal economics, globalisation and inequity rings true today. This is a comprehensive, dissection of how both Democrats and Republicans have pursued policies that have increased inequality in the U.S. While both parties have talked about building a fairer, more equal society, money has trickled from the bottom to the top with their help. This, Stigltiz argues, has put the U.S economy in bad shape in the long term. Stiglitz argues for universal healthcare, strong labour laws and regulating the financial sector to guard against the behaviour that caused the 2008 crash.
Stiglitz was a member of the Clinton Administration. This book is light on direct criticism of that government and its policies, which is disappointing. Stiglitz does critique Obama and correctly points out that his bank bailout damaged public trust. Socialists, Bernie Bros and Progressive Dems will probably think Stiglitz’s proposals are tame. Certainly in light of the current administration, one can’t help feeling that more needs to be done.
Criticism aside, this is an excellent book about how America (and the world) has lost its way.