The Price of Inequality

Joseph Stiglitz is one of the leading economists who has come up with a new book titled "The price of inequality " whic h primarily deals with open competition and how markets have been divided based on power, money and greed. This book is indeed exciting in the sense to understand how people from various origins have tried to build their capital and turn around major decisions towards their advantage. On one side when we talk about open markets, on the other hand one also needs to understand that open markets were created to cause more disruption. The conservatives may call this as an opportunity to expose and create growth platforms but then people like Stiglitz have understood the fact how certain countries have created" miniature battlefields" which would make other countries fight for their existence. For example in the last two decades the gulf war created a colossal damage to the Arab nations and a country like US made the best of this opportunity to regain their Numero Uno position in the oil business. Like this there have been several incidents which has led to the parity between nation s an d all these reflect the greed and concentration of power among the select few who have determined to break the world into zones of their like and dislikes.