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A review by veganshay
The Price of Inequality: How Today's Divided Society Endangers Our Future by Joseph E. Stiglitz
4.0
Stiglitz does it again...explaining the world's economic problems with clarity and vision, and the political sclerosis that engenders them.
The ending is downbeat but the pessimism is understandable considering the disappointing response of the Obama administration and Euro Austeritarians to the financial crisis.
One quibble: he picks on Microsoft a lot even though in recent years it's Apple that have been abusing their dominant market position, while giving nothing back...Chrystia Freeland was guilty of the same pro-Apple bias in her book Plutocrats. They obviously use Macs themselves, which are the computers of the global 1%. It's really depressing to me that so many Macheads still think Microsoft is the Evil Empire even though Bill Gates has given so much to charity.
Still, read this book if you want to understand how the world works.
The ending is downbeat but the pessimism is understandable considering the disappointing response of the Obama administration and Euro Austeritarians to the financial crisis.
One quibble: he picks on Microsoft a lot even though in recent years it's Apple that have been abusing their dominant market position, while giving nothing back...Chrystia Freeland was guilty of the same pro-Apple bias in her book Plutocrats. They obviously use Macs themselves, which are the computers of the global 1%. It's really depressing to me that so many Macheads still think Microsoft is the Evil Empire even though Bill Gates has given so much to charity.
Still, read this book if you want to understand how the world works.