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Preface: The American Economy and its Discontents vii
Introduction 1 The Current Rules 26 More market power, less competition 29 The growth of the financial sector 39 The "shareholder revolution," the rise of CEO pay, and the squeezing of workers 49 Lower taxes for the wealthy 57 The end of full-employment monetary policy 64 The stifling of worker voice 70 The sinking floor of labor standards 75 Racial discrimination 81 Rewriting the Rules 97 Taming the Top 100 Make markets competitive 100 Fix the financial sector 108 Incentivize long-term business growth 120 Rebalance the tax and transfer system 125 Growing the Middle 131 Make full employment the goal 132 Empower workers 139 Expand access to labor markets and opportunities for advancement 145 Expand economic security and opportunity 153 Conclusion 168 Appendix: Overview of Recent Inequality Trends 169 Acknowledgments 187 Notes 191 |
Joseph E. Stiglitz
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