Washington, D.C. October 19, 2016 – Today, Economist Dean Baker is publishing his new book Rigged: How Globalization and the Rules of the Modern Economy Were Structured to Make the Rich Richer.
This book shows that 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.
Robert Reich’s blurb of the book calls it “important and compelling”; Katrina vanden Hevual described it as a “must-read for the many who believe the status quo is unsustainable”; and Jacob S. Hacker commented “Baker uncovers the realities underneath the rationalizations of our rent-driven economy. No less important, he provides an agenda for fixing it”.
With only a handful of days left in the presidential election, Baker explains what policies have led to the current state of the economy and political climate. Rigged provides many legislative actions that could be implemented at various levels of government to narrow economic inequality by unrigging the system.
Dean Baker’s other works include The End of Loser Liberalism: Making Markets Progressive and Getting Back to Full Employment: A Better Bargain for Working People, among others. Baker is the Co-Director of the Center for Economic and Policy Research, a Washington D.C. think tank that seeks to promote democratic debate on the most important economic issues that affect people’s lives.
*Donald Trump was not consulted in the formulation of this title.