According to the author, it has been discussed that the policies and forces hold huge responsibility for concentrating the income at the top most level, and losing the opportunities for households with low income and middle income. In the broadest context, these include inadequate regulations of financial sector, weakened corporate governance, protection and creation of high subsidies for the rich population, loopholes in system of tax, profits in monopoly, rents, and eliminating the programs of government that assist people with middle and poor income seem to be having a fair beginning in the phase of life.
As a significant point of conclusion, this book is known to be delivering a powerful message in front of all of the stakeholders regarding price of worsened inequality for future and present generations. It has been urged by the author that more focus must be created on institutional reforms and public policy (Stiglitz, 21). The entire analysis of the book can be considered as coming up with a sharp warning to face failure for undertaking significantly severe reforms. Absolute along with relative poverty in affluent society could be considered as having expensive consequences and results.
There had hardly been a reflection of the contribution being made by these agents of economy to the outcome of the society and output of economy (Perry, 9). The concept of inequality instead holds deprivation in the society to realize the potentials of the society and economy. This results in condemning the ones with restricted opportunities for accepting absolute poverty as a matter of life (Stiglitz, 27). Policies of government are important for correcting the failure of market and mitigating excesses by the segment to seek rent and power related to the society.