People, power and profit: progressive capitalism in the era of mass discontent. Styglitz J.

Joseph Stiglitz, the Nobel Laureate of the Economics Prize, who occupied the posts of chairman of the Economic Council under President Clinton and the chief economist of the World Bank, tells why America, and with it, other countries were crisis. The main reason is a blind belief in the effectiveness of the markets, in self -regulation, in the idea that the more corporation owners rich in, the better everyone, since they will inevitably turn their superior investments. According to Styglitz, the markets are unable to work effectively without proper regulation by the state: otherwise the society receives poorly controlled globalization, the growing market power of corporations and the non -justified inequality of income.

The author shows how we came to this situation, And gives recommendations what needs to be done to move forward. The book presents an alternative to Reaganomics and Trumponomics - an alternative that is based on the achievements of modern economic science and should provide general prosperity.