Rigged: How Globalization and the Rules of the Modern Economy Were Structured to Make the Rich Richer
Publisher: Center for Economic and Policy Research
Date Written: 06/10/2016
Year Published: 2016
Pages: 258pp Price: 9.99 ISBN: 0692793364
Resource Type: Book
Cx Number: CX22995
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.