The top 1 percent of Americans control about 40 percent of our nation's wealth. (746) This statistic is talking about the disparity of wealth between the wealthiest people in America and the lower two classes. This fact can be interpreted as both positive and negative for everyday people depending on who you ask. Either way this topic has lead to intense debate between both economists and government officials, but is still hardly known among everyday citizens. Thankfully, there are some people looking out for the rest of us in the other 99 percent and these people believe this growing disparity can cause serious problems for our future economy. One of these people is Joseph E. Stiglitz, who argued why this disparity is extremely dangerous in
…show more content…
He first alluded to early America when the wealthy had so much power that workers died at there hands, “Economists long ago tried to justify the vast inequalities that seemed so troubling in the mid 19th century”(747). Here Stiglitz’ is alluding to the fact that during this time period, monopolies dominated the American economy and lead to mass consumer danger yet some economists still tried to justify it. This allusion effectively persuades the audience because it shows them that modern wealth disparity might try to be justified by modern economists just like it was during the dangerous economic times in the 1850’s. Later in the essay Stiglitz once again alludes to past economic times by stating “monopolies have “always been a source of economic power from John D. Rockefeller at the beginning of the last century to Bill Gates at the end” (749). This allusion used by Stiglitz is essential to conveying his argument because he compares the modern Bill Gates to the infamous Rockefeller which gives Gates the image of a greedy business man. It shows the readers that dangerous people in the top 1 percent still exists which effectively persuades the audience to take his side. Stiglitz ends his essay with a thought provoking allusion by explaining that the 1 percent’s fate is “bound up by how the other 99 percent live” and that this fact is something they do learn “Too late” which alludes to the …show more content…
First he created logos by presenting multiple statistics that supported his claims allowing him to sound credible and knowledgeable about the topic. Next, he alluded to various occurrences in history to show that the issue he talks about is not new, and that it has the potential to be fixed.. Finally he created pathos to bring out strong feelings among his readers, causing them to take his side over the argument. Joseph Stiglitz did a service for the workers of our country by creating a clear and effective essay that teaches them about the major issue they do not know about and how it affects
He first alluded to early America when the wealthy had so much power that workers died at there hands, “Economists long ago tried to justify the vast inequalities that seemed so troubling in the mid 19th century”(747). Here Stiglitz’ is alluding to the fact that during this time period, monopolies dominated the American economy and lead to mass consumer danger yet some economists still tried to justify it. This allusion effectively persuades the audience because it shows them that modern wealth disparity might try to be justified by modern economists just like it was during the dangerous economic times in the 1850’s. Later in the essay Stiglitz once again alludes to past economic times by stating “monopolies have “always been a source of economic power from John D. Rockefeller at the beginning of the last century to Bill Gates at the end” (749). This allusion used by Stiglitz is essential to conveying his argument because he compares the modern Bill Gates to the infamous Rockefeller which gives Gates the image of a greedy business man. It shows the readers that dangerous people in the top 1 percent still exists which effectively persuades the audience to take his side. Stiglitz ends his essay with a thought provoking allusion by explaining that the 1 percent’s fate is “bound up by how the other 99 percent live” and that this fact is something they do learn “Too late” which alludes to the …show more content…
First he created logos by presenting multiple statistics that supported his claims allowing him to sound credible and knowledgeable about the topic. Next, he alluded to various occurrences in history to show that the issue he talks about is not new, and that it has the potential to be fixed.. Finally he created pathos to bring out strong feelings among his readers, causing them to take his side over the argument. Joseph Stiglitz did a service for the workers of our country by creating a clear and effective essay that teaches them about the major issue they do not know about and how it affects