Rigged: How Globalization and the Rules of the Modern Economy Were Structured to Make the Rich Richer


Dean Baker has an interesting book Rigged: How Globalization and the Rules of the Modern Economy Were Structured to Make the Rich Richer.

There has been an enormous upward redistribution of income in the United States in the last four decades. In his most recent book, Baker shows that this upward redistribution was not the result of globalization and the natural workings of the market. Rather it was the result of conscious policies that were designed to put downward pressure on the wages of ordinary workers while protecting and enhancing the incomes of those at the top. Baker explains how rules on trade, patents, copyrights, corporate governance, and macroeconomic policy were rigged to make income flow upward.

I just started to read this free book. I am up to page 7 so far. It looks like it is going to be a fascinating book if you find economics fascinating. I am one of those crazy people who do think the subject is fascinating.

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