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Summary Of Vanity Fair By Joseph E. Stiglitz

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Summary Of Vanity Fair By Joseph E. Stiglitz
Introduction
Joseph E. Stiglitz is an American economist and author of the article in Vanity Fair, “Of the 1%, by the 1%, for the 1%”. Stiglitz argues that “looking out for the other guy isn’t just good for the soul- it’s good for business”. The “other guy” in this instance is a reference to the 99%. Stiglitz is implying that economic inequality in America favors the top 1% having “nearly a quarter of the nations’ income - an inequality even the wealthy will come to regret.” However, the inequality of wealth also provides opportunities and incentive for the majority.

The Wealth Gap Creates Opportunity for The Majority
Despite the growing economic distance, the income gap between the social classes does implement a system that provides opportunities
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