Nobel Laureate Economist Says American Inequality Didn’t Just Happen. It Was Created.

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  • How to keep power at the top of society

By Joseph E. Stiglitz

  • American inequality didn’t just happen.

It was created.

Market forces played a role, but it was not market forces alone.

Vek 3cIn a sense, that should be obvious: economic laws are universal, but our growing inequality— especially the amounts seized by the upper 1 percent—is a distinctly American “achievement.”

That outsize inequality is not predestined offers reason for hope, but in reality it is likely to get worse.

The forces that have been at play in creating these outcomes are self-reinforcing.

America’s current level of inequality is unusual.

Compared with other countries and…

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