Economic Enemy Number One; Inequality

Recommended Reading: The Price of Inequality, by Joseph Stiglitz, published within the past couple of years, deals with economic issues, taking into account the recent "great recession", and current trends in American economic life. The strongest, and most alarming trend is the rapid concentration of wealth at the top, among the "one percent", as the ultra wealthy have come to be called. The basic idea is that b y transferring more wealth from the upper to the lower class, purchasing power, and thus demand, can be greatly increased throughout the largest sector of society, the poor and impoverished. That would seem to make sense. Rather then relying on supply side trickle down Reagonomics, demand side, trickle up policies would stimulate and repair the economy. Government policy, one way or another, is going to have a profound impact one the shape and direction of any modern economic system. Without government, there is Darwinistic chaos, with too much government there is the risk of economic stagnation. There is really no such thing as a "national interest", because the interests of rich and poor, in any country, are divergent. IN America government economic is heavily tilted toward the benefit of the wealthy, and by redesigning legislation to favor the poor, the entire economy will be better off, by serving a larger number of people. All these arguments are supported convincingly by the author, using the latest economic research.