People, Power, and Profit: Progressive Capitalism in an Age of Mass Discontent

Joseph Stiglitz explains why America, along with other countries, has found itself in crisis. The main reason is the blind faith in the efficiency of markets, in self-regulation, in the idea that the richer corporate owners become, the better off everyone will be, as they will inevitably turn their superprofits into investments. According to Stiglitz, markets cannot function effectively without proper regulation by the state; otherwise, society faces poorly managed globalization, increasing market power of corporations, and unjustified income inequality.
The author shows how we arrived at this situation and provides recommendations on what needs to be done to move forward. The book presents an alternative to Reaganomics and Trumponomics—an alternative that relies on the achievements of modern economic science and should ensure shared prosperity.
For all those interested in economics and politics.