• People, Power, and Profits

  • Progressive Capitalism for an Age of Discontent
  • By: Joseph E. Stiglitz
  • Narrated by: Sean Runnette
  • Length: 9 hrs and 10 mins
  • 4.5 out of 5 stars (263 ratings)

1 title per month from Audible’s entire catalog of best sellers, and new releases.
Access a growing selection of included Audible Originals, audiobooks and podcasts.
You will get an email reminder before your trial ends.
Your Premium Plus plan is $14.95 a month after 30 day trial. Cancel anytime.
People, Power, and Profits  By  cover art

People, Power, and Profits

By: Joseph E. Stiglitz
Narrated by: Sean Runnette
Try for $0.00

$14.95/month after 30 days. Cancel anytime.

Buy for $17.49

Buy for $17.49

Pay using card ending in
By confirming your purchase, you agree to Audible's Conditions of Use and Amazon's Privacy Notice. Taxes where applicable.

Publisher's Summary

A Nobel prize winner challenges us to throw off the free market fundamentalists and reclaim our economy.  

We all have the sense that the American economy - and its government - tilts toward big business, but as Joseph E. Stiglitz explains in his new book, People, Power, and Profits, the situation is dire. A few corporations have come to dominate entire sectors of the economy, contributing to skyrocketing inequality and slow growth. This is how the financial industry has managed to write its own regulations, tech companies have accumulated reams of personal data with little oversight, and our government has negotiated trade deals that fail to represent the best interests of workers. Too many have made their wealth through exploitation of others rather than through wealth creation. If something isn't done, new technologies may make matters worse, increasing inequality and unemployment.  

Stiglitz identifies the true sources of wealth and of increases in standards of living, based on learning, advances in science and technology, and the rule of law. He shows that the assault on the judiciary, universities, and the media undermines the very institutions that have long been the foundation of America's economic might and its democracy.

©2019 Joseph E. Stiglitz (P)2019 Tantor

What listeners say about People, Power, and Profits

Average Customer Ratings
Overall
  • 4.5 out of 5 stars
  • 5 Stars
    179
  • 4 Stars
    50
  • 3 Stars
    21
  • 2 Stars
    8
  • 1 Stars
    5
Performance
  • 4.5 out of 5 stars
  • 5 Stars
    153
  • 4 Stars
    38
  • 3 Stars
    19
  • 2 Stars
    3
  • 1 Stars
    3
Story
  • 4.5 out of 5 stars
  • 5 Stars
    152
  • 4 Stars
    35
  • 3 Stars
    14
  • 2 Stars
    11
  • 1 Stars
    5

Reviews - Please select the tabs below to change the source of reviews.

Sort by:
Filter by:
  • Overall
    1 out of 5 stars
  • Performance
    3 out of 5 stars
  • Story
    1 out of 5 stars

Partisan, Pandering & the almighty straw man

I did not enjoy this book as much as I thought I would. As the title suggests this book is littered with partisan arguments and pandering to the common notions of today with few specifics as evidence. I have to generalize here but it’s my overall impression. Many times we are referenced that we learned a concept in a previous chapter, in which the author only vaguely gets to the first principles of the matter. I believe the author has strongly conflated corporatism with the principles and values of a free market defender like Milton Friedman. While I completely agree with the diagnosis of the problem (corporatism), I am in complete opposition to the proscribed remedy. I think the author shows a lack of belief in freedom and the responsibility of the individual.

6 people found this helpful

  • Overall
    5 out of 5 stars
  • Performance
    4 out of 5 stars
  • Story
    5 out of 5 stars

Government policy ready-made for implementation

Here is government policy ready-made for implementation. Through solid argument and historical example, Joseph E. Stiglitz demonstrates that the solution is Keynesian—government unapologetically has an indispensable role in the well-being of everyone, including the rich in a fair relationship.

Stiglitz shreds the tired old demagogy of free market ideology (both intellectual and popular), with articulate and well researched refutation of its failed trickle-down theory and conservative folklore about freeloaders. Here you will find effective detox from the Chicago school of economics supply side snake oil that has been artificially injected into policy and public opinion for the past 40 years—the author offers a well deserved shout out to Nancy MacLean for her book, "Democracy in Chains" (an insightful work that has struck a nerve about the deliberate suppression of public will, and about which there has been a telling amount of gaslighting from the libertarian right wing).

Government, democracy, and public opinion must be freed from their current capture by wealthy corporate forces in finance and other sectors. This will be difficult to achieve, but it is possible with sufficient public awareness and pressure.

Along with protecting people from economic fluctuations outside of their control, the economy will grow only when extractive practices that merely transfer wealth from poor to rich cease to operate. That means minimizing the current regime of rent seeking in financial markets and elsewhere, and incentivizing technological innovations that create true wealth—this is not happening under the dominant religion of short term profits and grossly distorted patent system.

This book addresses technical economic issues, but it is easily followed by those without training in economics. The unfair rigging of past and current economic policy is depressing. But the realism of the solutions proposed in this book are cause for hope—let's make it happen.

4 people found this helpful

  • Overall
    5 out of 5 stars
  • Performance
    5 out of 5 stars
  • Story
    5 out of 5 stars

Excellent Summary

While I can’t say the ideas are new in this book the author does an excellent job of pulling all the criticisms of our current system together and providing concrete solutions. Required reading for any progressive.

4 people found this helpful

  • Overall
    4 out of 5 stars
  • Performance
    4 out of 5 stars
  • Story
    4 out of 5 stars

Tearing down the myth of unchecked capitalism

I work in an environment where blue collar workers, many from one of the poorest counties in New York State, who have a family history of disruption due to outsourcing, and whose very jobs depend upon union strength, are so solidly pro Republican and pro Trump that they cannot even conceive there might be another way. Stiglitz lays out the problems and potential solutions without being overly preachy. it's possible he might break through the wall of illogic that has formed between us for rational conversation.

3 people found this helpful

  • Overall
    1 out of 5 stars
  • Performance
    1 out of 5 stars
  • Story
    1 out of 5 stars

Political falderal

Apparently you can't teach old dogs new tricks and you can't remove politics from even the well educated and intelligent. I started this book with the intention of seriously examining a progressive economic philosophy. My own journey has taken me to a place where I distrust both right and left. I am seriously looking for new solutions to the problems that we all know exist. But I recognize that the philosophies of the last 50 or even 100 years are inadequate. However the introduction of this book was so shamelessly political, assessments of various political leaders so clearly party oriented, that I found the author had no credibility for me. It was the same old "my guys were virtuous, and the other guys were evil". This book is clearly written to bolster the opinion of those already in one camp. It does so by trotting out the usual stereotypes and insults. If you want a seriously impartial assessment of economics with a progressive agenda for change based on facts, data, technology and the evolving values and vulture of Americans, then this is not the book for you. If you want to comfort yourself with the old saws about the religious right, conservatives, voodoo economics, etc. then you will love this book and you can remain safely in your upper middle class white egalitarian, progressive cocoon. I am so disappointed that I wasted money and time on this.

3 people found this helpful

  • Overall
    2 out of 5 stars
  • Performance
    2 out of 5 stars
  • Story
    2 out of 5 stars

Very political

This book is very political and with less content on economics than it should. It criticized the right while favored the left without much substantial objectivity.

2 people found this helpful

  • Overall
    2 out of 5 stars
  • Performance
    4 out of 5 stars
  • Story
    2 out of 5 stars

Living off the Nobel

Overly simplified explanations. His introduction is not well researched. This book should have been published under Golden Books as a good fairy tale. His Nobel work was good this was not.

2 people found this helpful

  • Overall
    5 out of 5 stars
  • Performance
    3 out of 5 stars
  • Story
    5 out of 5 stars

Thumbs up from a recovering conservative

I grew up believing government was always the problem and the answer was always the free market. This book does a very good job articulating why that isn’t always the case and what solutions will help capitalism and government work together to create a better world. My only criticism, for this post anyway, is his blatant partisanship in his presentation. You can teach principles without alienating half the country and by doing so half the country won’t read your book.

1 person found this helpful

  • Overall
    5 out of 5 stars
  • Performance
    5 out of 5 stars
  • Story
    5 out of 5 stars

A better visión for the economy of our country

Insightful description of many of our current economic problem and a set of steps to a more a more inclusive and fair economy

1 person found this helpful

  • Overall
    5 out of 5 stars
  • Performance
    5 out of 5 stars
  • Story
    5 out of 5 stars

Brilliant

This book open my eye to a broader view of financial institutions. We the people have failed to regulation and to hold them accountable. The author stated the problem and provided an alternative.

1 person found this helpful

Sort by:
Filter by:
  • Overall
    4 out of 5 stars
  • Performance
    4 out of 5 stars
  • Story
    4 out of 5 stars
Profile Image for Vladimir Duret
  • Vladimir Duret
  • 06-05-20

Essential for our current political economy

ambitious and broad sweeping. I'm interested in reading Joe's more detailed works. This work could use more examples.

  • Overall
    4 out of 5 stars
  • Performance
    4 out of 5 stars
  • Story
    4 out of 5 stars
Profile Image for T D Thomas
  • T D Thomas
  • 09-23-19

Explains today’s main challenges

A good, well researched, explanation of how economic inequality has risen along with the undermining of democratic institutions. While this has happened in many high income countries in recent years the diagnosis and potential solutions are mainly US focused.

  • Overall
    3 out of 5 stars
  • Performance
    1 out of 5 stars
  • Story
    5 out of 5 stars
Profile Image for Rebecca Oliver
  • Rebecca Oliver
  • 07-30-19

Ruined by monotonous reader

Critical and interesting ideas are carefully put forward by the author, but few, I fear, will persist to the end with this lifeless, pedantic voice unless they are already convinced by the importance of the contents, as I was. I dare not recommend this to anyone, even though there are very many who would benefit. What a shame.