Nobel Prize Winner Joseph Stiglitz explains why income inequality remains stubbornly high despite impressive gains in corporate America and the stock market with New York Magazines Frank Rich on Rachel Maddow March 5th, 2013.

Category: Earnings, Employment, Video

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One Response to “Stiglitz: High Unemployment & High Corporate Profits”

  1. Mr.Tuxedo says:

    I recently read Stiglitz’s The Price of Inequality, but the book that really sums up why things are the way they are is Plutocrats: The Rise of the New Global Super Rich and the Fall of Everyone Else.
    The 1% use their power and influence change in laws that favour them. Look at Carlos Silva’s monopoly on phones in Southern portion of North America that has only just recently been mitigated.
    There is a passage somewhere in that book that I will have to go back and get the exact quote on, but it basically says that the right has done a much better job the past few decades of having their will executed because the right can afford to pay for that influence.