Download The Upside of Inequality: How Good Intentions Undermine the Middle Class AudioBook Free

From the New York Times best-selling author of Unintended Consequences comes another striking and contrarian book by the person who famously defended capitalism and the 1 percent at the height of the Occupy activity. Conventional intelligence says income inequality is growing and bad for nearly everyone, and the wealthy are at fault. But as Ed Conard shows, anyone who can produce a product valued by the whole economy will find his or her income growing faster than those who find themselves limited by the amount of customers they can provide, such as schoolteachers, plumbers, doctors, and solicitors. Consider Taylor Swift, the existing queen of pop, who made $64 million in 2014. She earns more because her audience is huge, not because she can take anything away from the tens of an incredible number of fans who happily pay for all those concert seat tickets, iTunes downloads, and souvenir T-shirts. Her potential to generate value can range with the market. The same holds true for others who increase the lives of millions, like Facebook founder Tag Zuckerberg and Apple CEO Tim Cook. The growing success of innovators doesn't injure the rest of the workforce. Actually the opposite holds true: Their success escalates the demand for our midsection- and working-class labor. Challenging the arguments of liberal economists like Paul Krugman and Joseph Stiglitz, Conard uncovers the reality about the income inequality panic. And by pulling on a historical study of the ebbs and moves of our market, he proposes ways to expand the market faster, that may advantage everyone on the income range.

Category: Conservatism & Liberalism