In his book "The Price of Inequality," Joseph E. Stiglitz warns about the dangerous consequences of increasing inequality in societies. He highlights how nations that have strayed too far into disparity depict a grim reality, where wealth is concentrated among a few while the majority struggle. The rich isolate themselves in gated communities, relying on a large underclass to serve their needs, creating a stark divide between the affluent and the impoverished.

Stiglitz also points to the political instability that often accompanies such inequality. Populist leaders may rise, offering false promises to the disillusioned masses, which ultimately leads to disappointment and discontent. The author emphasizes that these patterns not only harm social cohesion but also threaten the future stability of our societies if left unchecked.