Stiglitz on the One Percent Nation
Joseph Stiglitz , an economist and the Nobel prize winner writes in Vanity Fair about the inequality of the wealth in United states of America and how upper 1% of the Nation’s population are now taking in nearly a quarter of the nation’s income every year and controls forty percent of the country's wealth. Stiglitz expresses his concern on how the Americas growth in the recent years has gone to those on the top and how America has allowed inequality to grow.
Stiglitz shares a glimpse of how the rich cherished the concept of the “Marginal productivity” which is a theory associated with higher incomes with higher productivity and a greater contribution to society. Innovation and globalization provide
Joseph Stiglitz , an economist and the Nobel prize winner writes in Vanity Fair about the inequality of the wealth in United states of America and how upper 1% of the Nation’s population are now taking in nearly a quarter of the nation’s income every year and controls forty percent of the country's wealth. Stiglitz expresses his concern on how the Americas growth in the recent years has gone to those on the top and how America has allowed inequality to grow.
Stiglitz shares a glimpse of how the rich cherished the concept of the “Marginal productivity” which is a theory associated with higher incomes with higher productivity and a greater contribution to society. Innovation and globalization provide