True Wealth: How and Why Millions of Americans Are Creating a Time-Rich, Ecologically Light, Small-Scale, High-Satisfaction Economy

by Juliet B. Schor

But when income and wealth are so dramatically skewed toward the top as they currently are, and political power is also beholden to wealth, the private market approach produces what those with purchasing power want, rather than what the country or its people need. Standard theory ignores the distribution of purchasing power and comes to incorrect conclusions as a result.