The Upside of Inequality - How Good Intentions Undermine the Middle Class-logo

The Upside of Inequality - How Good Intentions Undermine the Middle Class

Edward Conard

From the New York Times-bestselling author of Unintended Consequences comes another bold and contrarian book by the man who famously defended capitalism and the one percent at the height of the Occupy movement. Conventional wisdom says income inequality is rising and harmful to nearly everyone, and the rich are to blame. But as Ed Conard shows, anyone who can produce a product valued by the entire economy will find his or her income growing faster than those who are limited by the number of customers they can serve, such as schoolteachers, plumbers, doctors, and lawyers. Consider Taylor Swift, the current queen of pop, who made $64 million in 2014. She earns more because her audience is huge, not because she takes anything away from the tens of millions of fans who happily pay for all those concert tickets, iTunes downloads, and souvenir t-shirts. Her ability to generate value can scale with the economy. The same is true for others who improve the lives of millions, like Facebook founder Mark Zuckerberg and Apple CEO Tim Cook. The growing success of innovators doesn't hurt the rest of the workforce. In fact, the opposite is true--their success increases the demand for our middle and working class labor. Challenging the arguments of liberal economists like Paul Krugman and Joseph Stiglitz, Conard reveals the truth about the income inequality panic. And by drawing on a historical study of the ebbs and flows of our economy, he proposes ways to grow the economy faster, which will benefit everyone on the income spectrum.

From the New York Times-bestselling author of Unintended Consequences comes another bold and contrarian book by the man who famously defended capitalism and the one percent at the height of the Occupy movement. Conventional wisdom says income inequality is rising and harmful to nearly everyone, and the rich are to blame. But as Ed Conard shows, anyone who can produce a product valued by the entire economy will find his or her income growing faster than those who are limited by the number of customers they can serve, such as schoolteachers, plumbers, doctors, and lawyers. Consider Taylor Swift, the current queen of pop, who made $64 million in 2014. She earns more because her audience is huge, not because she takes anything away from the tens of millions of fans who happily pay for all those concert tickets, iTunes downloads, and souvenir t-shirts. Her ability to generate value can scale with the economy. The same is true for others who improve the lives of millions, like Facebook founder Mark Zuckerberg and Apple CEO Tim Cook. The growing success of innovators doesn't hurt the rest of the workforce. In fact, the opposite is true--their success increases the demand for our middle and working class labor. Challenging the arguments of liberal economists like Paul Krugman and Joseph Stiglitz, Conard reveals the truth about the income inequality panic. And by drawing on a historical study of the ebbs and flows of our economy, he proposes ways to grow the economy faster, which will benefit everyone on the income spectrum.
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From the New York Times-bestselling author of Unintended Consequences comes another bold and contrarian book by the man who famously defended capitalism and the one percent at the height of the Occupy movement. Conventional wisdom says income inequality is rising and harmful to nearly everyone, and the rich are to blame. But as Ed Conard shows, anyone who can produce a product valued by the entire economy will find his or her income growing faster than those who are limited by the number of customers they can serve, such as schoolteachers, plumbers, doctors, and lawyers. Consider Taylor Swift, the current queen of pop, who made $64 million in 2014. She earns more because her audience is huge, not because she takes anything away from the tens of millions of fans who happily pay for all those concert tickets, iTunes downloads, and souvenir t-shirts. Her ability to generate value can scale with the economy. The same is true for others who improve the lives of millions, like Facebook founder Mark Zuckerberg and Apple CEO Tim Cook. The growing success of innovators doesn't hurt the rest of the workforce. In fact, the opposite is true--their success increases the demand for our middle and working class labor. Challenging the arguments of liberal economists like Paul Krugman and Joseph Stiglitz, Conard reveals the truth about the income inequality panic. And by drawing on a historical study of the ebbs and flows of our economy, he proposes ways to grow the economy faster, which will benefit everyone on the income spectrum.

Language:

English

Narrators:

Rick Adamson

Length:

10h 30m


Chapters

Free Sample

05:00

Chapter 1
Chapter 1

00:19


Chapter 2
Chapter 2

07:15


Chapter 3
Chapter 3

06:33


Chapter 4
Chapter 4

07:58


Chapter 5
Chapter 5

07:16


Chapter 6
Chapter 6

07:56


Chapter 7
Chapter 7

06:29


Chapter 8
Chapter 8

07:24


Chapter 9
Chapter 9

05:30


Chapter 10
Chapter 10

06:31


Chapter 11
Chapter 11

05:53


Chapter 12
Chapter 12

07:12


Chapter 13
Chapter 13

08:08


Chapter 14
Chapter 14

06:51


Chapter 15
Chapter 15

08:16


Chapter 16
Chapter 16

07:15


Chapter 17
Chapter 17

06:18


Chapter 18
Chapter 18

08:39


Chapter 19
Chapter 19

08:48


Chapter 20
Chapter 20

07:15


Chapter 21
Chapter 21

06:44


Chapter 22
Chapter 22

05:18


Chapter 23
Chapter 23

08:01


Chapter 24
Chapter 24

06:19


Chapter 25
Chapter 25

06:56


Chapter 26
Chapter 26

06:12


Chapter 27
Chapter 27

07:17


Chapter 28
Chapter 28

05:44


Chapter 29
Chapter 29

06:28


Chapter 30
Chapter 30

07:43


Chapter 31
Chapter 31

07:24


Chapter 32
Chapter 32

08:35


Chapter 33
Chapter 33

08:21


Chapter 34
Chapter 34

08:59


Chapter 35
Chapter 35

08:29


Chapter 36
Chapter 36

08:25


Chapter 37
Chapter 37

07:35


Chapter 38
Chapter 38

05:11


Chapter 39
Chapter 39

05:24


Chapter 40
Chapter 40

08:45


Chapter 41
Chapter 41

08:40


Chapter 42
Chapter 42

08:41


Chapter 43
Chapter 43

08:32


Chapter 44
Chapter 44

08:57


Chapter 45
Chapter 45

09:00


Chapter 46
Chapter 46

08:50


Chapter 47
Chapter 47

08:52


Chapter 48
Chapter 48

08:50


Chapter 49
Chapter 49

08:26


Chapter 50
Chapter 50

07:02


Chapter 51
Chapter 51

07:33


Chapter 52
Chapter 52

08:38


Chapter 53
Chapter 53

08:26


Chapter 54
Chapter 54

08:55


Chapter 55
Chapter 55

05:46


Chapter 56
Chapter 56

06:40


Chapter 57
Chapter 57

06:23


Chapter 58
Chapter 58

08:23


Chapter 59
Chapter 59

08:42


Chapter 60
Chapter 60

05:11


Chapter 61
Chapter 61

06:41


Chapter 62
Chapter 62

08:04


Chapter 63
Chapter 63

08:51


Chapter 64
Chapter 64

08:35


Chapter 65
Chapter 65

08:09


Chapter 66
Chapter 66

08:17


Chapter 67
Chapter 67

05:53


Chapter 68
Chapter 68

06:44


Chapter 69
Chapter 69

08:57


Chapter 70
Chapter 70

08:29


Chapter 71
Chapter 71

08:23


Chapter 72
Chapter 72

08:38


Chapter 73
Chapter 73

08:45


Chapter 74
Chapter 74

08:51


Chapter 75
Chapter 75

08:21


Chapter 76
Chapter 76

04:47


Chapter 77
Chapter 77

09:00


Chapter 78
Chapter 78

08:52


Chapter 79
Chapter 79

08:54


Chapter 80
Chapter 80

08:35


Chapter 81
Chapter 81

08:54


Chapter 82
Chapter 82

08:28


Chapter 83
Chapter 83

08:38


Chapter 84
Chapter 84

00:35