As we look out at the world, the United States not only has the highest level of inequality among the advanced industrial countries, but the level of its inequality is increasing in absolute terms relative to that in other countries.
In his book "The Price of Inequality," Joseph E. Stiglitz highlights the troubling reality of rising inequality in the United States compared to other developed nations. He emphasizes that the U.S. not only exhibits the highest inequality among advanced industrial countries but that this gap is also widening over time. This situation poses significant risks to societal health and stability.
Stiglitz argues that this increasing inequality can threaten the future of the nation by undermining social cohesion and disrupting economic growth. His work calls attention to the need for addressing these disparities to foster a more equitable society that benefits everyone, rather than just a privileged few.
