Showing results for "Inequality" in Social Classes & Economic Disparity

Branko Milanovic presents a bold new account of the dynamics that drive inequality on a global scale. Drawing on vast data sets and cutting-edge research, he explains the benign and malign forces that make inequality rise and fall within and among nations. He also reveals who has been helped the most by globalization, who has been held back, and what policies might tilt the balance toward economic justice.

The top 1 percent of Americans control 40 percent of the nation's wealth. And, as Joseph E. Stiglitz explains, while those at the top enjoy the best health care, education, and benefits of wealth, they fail to realize that "their fate is bound up with how the other 99 percent live." Stiglitz draws on his deep understanding of economics to show that growing inequality is not inevitable. He examines our current state, then teases out its implications for democracy, for monetary and budgetary policy, and for globalization. He closes with a plan for a more just and prosperous future.

Trade disputes are usually understood as conflicts between countries with competing national interests, but as Matthew C. Klein and Michael Pettis show in this book, they are often the unexpected result of domestic political choices to serve the interests of the rich at the expense of workers and ordinary retirees. Klein and Pettis trace the origins of today's trade wars to decisions made by politicians and business leaders in China, Europe, and the United States over the past 30 years.

Capital is the defining feature of modern economies, yet most people have no idea where it actually comes from. What is it, exactly, that transforms mere wealth into an asset that automatically creates more wealth? The Code of Capital explains how capital is created behind closed doors in the offices of private attorneys, and why this little-known fact is one of the biggest reasons for the widening wealth gap between the holders of capital and everybody else.

Joseph E. Stiglitz has had a remarkable career. What brought him to economics were his concerns about the inequality and discrimination he saw growing up. Wanting to understand what drives it and what can be done about it has been his lifelong passion. This book gathers together and extends to new frontiers this lifelong work, drawing upon the challenges and insights of each of these phases of his career.

The leading lights of the tech revolution – Gates, Bezos, Zuckerberg, Musk – have been hailed as savants and saviours of the modern age. And yet they are at the forefront of wealth inequality not seen since the heyday of the robber barons in the late 19th century, part of the slide to the First World War. Today, rampant inequality is inciting social unrest and undermining faith in the institutions of the democratic state. Citizens have been left at the mercy of unfettered capitalism – mere data subjects, endlessly surveilled, marshalled and increasingly angry and polarised.

For years, America has been plagued by slow economic growth and increasing inequality. In The Captured Economy, Brink Lindsey and Steven M. Teles identify a common factor behind these twin ills: breakdowns in democratic governance that allow wealthy special interests to capture the policymaking process for their own benefit.

Retirement insecurity is an increasingly serious manifestation of the vast inequality that risks destroying the social fabric in America. The nearly inevitable consequence of lifetime wage discrepancies, security in retirement is linked to the kinds of jobs we hold during our work lives. That, in turn, is a product of all the forces leading to historic levels of inequality, forces that have protected the very wealthy, destroyed any hold on stability for the poor, and gradually eroded the security of the vast middle class.

What is poverty? What is inequality? How are they connected? How are they reproduced? How might they be overcome? Why should we try? The way we frame our questions shapes the way we see solutions. This book does what appears to be a no-brainer task, but one that is missing and important: it...

In this provocative book, Jonathan Rothwell draws on the latest empirical evidence from across the social sciences to demonstrate how rich democracies have allowed racial politics and the interests of those at the top to subordinate justice. He looks at the rise of nationalism in Europe and the United States, revealing how this trend overlaps with racial prejudice and is related to mounting frustration with a political status quo that thrives on income inequality and inefficient markets. But economic differences are by no means inevitable.

A “gripping” (The Washington Post) work of history and reportage that unveils the stranger-than-fiction world of multilevel marketing: a massive money-making scam and radical political conspiracy that has remade American society. “Reads like a thriller . . . masterfully illuminates the...

In The Idea of America, Darren Walker argues that we can narrow our widening divides by rediscovering our common aspirations and common good. This prescient, timely compendium introduces us to an essential leader of and for our moment—in his own words—through his most essential reflections, essays, and speeches. Walker calls for courageous, moral leadership from us all—challenging us to step back from the extremes, to lean into nuance and complexity, and to build longer bridges.

From the inquisitive layperson to the professional economist or policymaker, The Inequality Paradox is essential listening for understanding the global economy in its present state. McWilliams is a fresh, authoritative voice entering the global discussion, making this book indispensable in preparing for the imminent economic challenges of our changing world.

From the New York Times-bestselling author of Unintended Consequences comes another bold and contrarian book by the man who famously defended capitalism and the one percent at the height of the Occupy movement. Conventional wisdom says income inequality is rising and harmful to nearly...

“An exacting look at gentrification” (New York Times Book Review)—and the lives devastated in the process The term gentrification has become a buzzword to describe the changes in urban neighborhoods across the country, but we don’t realize just how threatening it is. It means more than...

Since the Great Recession, most Americans' standard of living has stagnated or declined. Economic inequality is at historic highs. But inequality's impact differs by race; African Americans' net wealth is just a 10th that of White Americans, and over recent decades, White families have accumulated wealth at three times the rate of Black families. In our increasingly diverse nation, sociologist Thomas M. Shapiro argues, wealth disparities must be understood in tandem with racial inequities - a dangerous combination he terms "toxic inequality".

Elite networks are informal social networks between politicians in power and top executives of politically connected firms where personal ties and long-term interactions build trust and loyalty between involved actors. Both groups draw benefits from these interactions; politicians stay in power, and corporate executives extract rents for their firms. Firms reward connected executives with higher salaries thus widening the dispersion of earnings in society. In Elite Networks, Vuk Vukovic offers a different perspective on the long-run origins of inequality.

When Jonathan Kozol’s Death at an Early Age appeared in 1967, it rocked the education world. Based on the Rhodes Scholar’s first year of teaching in Boston’s Black community, the book described the abuse and neglect of children for no reason but the color of their skin. Since that National Book Award-winning volume, Kozol has spent more than fifty years visiting with children and working with their teachers in other deeply troubled and unequal public schools.

Burnt by Democracy traces the political ascendance of neoliberalism and its effects on youth. The book explores democracy and citizenship as described in interviews with over forty young people–ages 16 to 30–who have either experienced homelessness or identify as an activist, living in five liberal democracies: Canada, Australia, New Zealand, the United States, and the United Kingdom.

Culture will keep you fit and healthy. Culture will bring communities together. Culture will improve your education. This is the message from governments and arts organisations across the country; however, this book explains why we need to be cautious about culture. Offering a powerful call to transform the cultural and creative industries, Culture Is Bad for You examines the intersections between race, class, and gender in the mechanisms of exclusion in cultural occupations.