Most often, the quest morally or even religious reasons for social justice or defamed by the "other side" as defined benefit hostile. Stiglitz, Nobel Laureate from 2001 shows economic, knowledgeable with arguments on the economy, the social inequality leads to less overall wealth of a society. The wealth of a society is redistributed by a broad lower and middle classes to a very narrow elite. Stiglitz explains in theory and many examples of recent and older history, as crafty formulated conditions such. As to be used systematically in financial products rob people with less financial engineering information. This mechanism is flanked by lobbying that have been made unfair laws. New and interesting is that it is shown how these tricks detract from the total assets of a company. It is not only shifted wealth from bottom to top, but in this transfer and national wealth is lost to a considerable extent forever, is burned. Stiglitz has his conclusions by accurate analytical reasoning and many facts. Bottom line is that social justice is not only a moral stature, but a volkswirschaftliche need. I almost less given a star because of the complicated, nested language. I have fought my way laboriously through the book, had initially need to look up many words. Finally, I'm staying with 5 stars, since the book is certainly written for American native speakers and not for living in Germany Hungary, like me. A German translation, which would also make the ideas Stiglitz 'in this country and more people with less effort available, would be a blessing!
