The Price of Inequality
The top 1 percent of Americans control 40 percent of the nation’s wealth. And, as Professor Joseph 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.”
Professor Stiglitz argues that growing inequality is not inevitable: moneyed interests compound their wealth by stifling true, dynamic capitalism. They have made America the most unequal advanced industrial country while crippling growth, trampling on the rule of law, and undermining democracy. The result: a divided society that cannot tackle its most pressing problems.
In this talk, Professor Stiglitz will examine our current state, tease out its implications for democracy as well as monetary and budgetary policy, and for globalization. He will then present a plan for a more just and prosperous future. Q&A will follow.
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Northwest Corner Building, Room 501
New York, NY 10027
United States