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The book is voiced by artificial intelligence. It was designed specifically to read text, can learn and is constantly getting better. Joseph Stiglitz, a Nobel Prize-winning economist who served as chairman of President Clinton's Economic Council and chief economist at the World Bank, explains why America, and with it other countries, are in crisis. The main reason - a blind faith in the efficiency of markets, in self-regulation, in the idea that the richer the corporate owners, the better for everyone, because they will inevitably turn their super profits into investments. According to Stiglitz, markets are incapable of working efficiently without proper regulation by the state: otherwise society gets poorly managed globalization, increasing corporate market power, and unjustified income inequality. The author shows how we arrived at this situation and makes recommendations on what we need to do to move forward. This audiobook presents an alternative to Reaganomics and Trumponomics--an alternative that draws on modern economic science and should ensure shared prosperity.
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