The New York Times best seller, "The Price of Inequality," by Joseph E. Stiglitz, talks about the struggles that America's 99 percent population is dealing with when it comes to financial freedom and the "American Dream"." It explains how the top 1% gets richer, while the rest of America's population is scraping by day after day. This inequality gap is holding America back from prospering and continuing to be the #1 country in the world and Stiglitz is speaking out to confront and give awareness to America that there has to be a change. This book talks about different problems America needs to address and different ways to prevent these situations from becoming worse and irreversible. Stiglitz gives knowledgeable opinion that critiques the way America's government is operating. He suggests different ways to address economic problems and advises the government to do the opposite of what they are doing. .
In order to fix America's economy, the government needs to stop being influenced by the top 1 percent who hold 40 percent of America's wealth and start realizing that the middle and lower class need assistance. "The Price of Inequality," is a statement explaining that if America doesn't change its ways then all of us, including the rich, will lose. Furthermore, this country's famous "American Dream'' will continue to diminish. This analysis will provide a brief biography about the author, describe the inequalities of income in America, connect what is said to American politics, and conclude how the information in the book affected me personally.
The author of "The Price of Inequality," Joseph E. Stiglitz, was born in Gary, Indiana next to Lake Michigan on February 9, 1943. He grew up in a family that was constantly discussing about politics, which allowed him to be aware of what was going on. Stiglitz told interviewers, "I grew up in a family in which political issues were often discussed, and debated intensely.