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People, Power and profits by Joseph E Stiglitz
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Book Overview
In People, Power, and Profits, Joseph E. Stiglitz—a Nobel Prize–winning economist—analyzes the failures of contemporary capitalism, particularly in the United States, and their global implications. He explains how policies and institutions have been shaped in ways that benefit a small elite while leaving many behind.
Stiglitz explores key issues such as monopoly power, financial instability, weakened labor rights, and the erosion of democratic institutions. He argues that markets alone cannot deliver shared prosperity without strong rules, ethical governance, and public accountability.
The book not only diagnoses the problems but also outlines reforms—ranging from regulating big corporations to strengthening social protections—that can restore balance between economic efficiency and social justice.
