In "People, Power, and Profits: Progressive Capitalism for an Age of Discontent," Joseph E. Stiglitz argues that the current economic system is flawed, leading to distorted individual behaviors and societal structures. He emphasizes that a dysfunctional economy can create individuals who are misaligned with societal values and contribute to broader social issues. Stiglitz suggests that the structure of capitalism must be reformed to address these disparities and promote a more inclusive society.

Stiglitz highlights that the misalignment in the economy affects not just individuals but the society at large, resulting in increased inequality and discontent. He advocates for a progressive capitalism that prioritizes the wellbeing of all citizens, rather than merely the profits of a few. By reshaping economic policies and practices, he believes it is possible to foster a more equitable society that benefits everyone, ultimately leading to healthier communities and a stronger democracy.