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Failure Is an Option: Does History Forecast Disaster for the United States? - The Atlantic - 1 views

  • it is clear that human societies do not progress inevitably toward greater wealth. Creating the conditions in which self-interest will foster economic development is harder than optimistic Enlightenment thinkers believed. Economic growth is not predestined: Many countries have seen long-term declines in standards of living, as did Argentina in the twentieth century. Others, such as large parts of Africa, seem mired in strife and poverty. With even the United States and Western Europe facing economic stagnation, burdensome debt levels, unfavorable demographics, and rising global competition, it seems that sustained stability and prosperity may be the historical exception rather than the rule.
  • Why some societies stagnate while others thrive is the question addressed by economist Daron Acemoglu and political scientist James Robinson in Why Nations Fail: The Origins of Power, Prosperity, and Poverty.
  • differences, Acemoglu and Robinson argue, can all be explained by institutions. Long-lasting institutions, not short-term government policies, are the key determinant of societal outcomes. Development is not as simple as adopting a smarter set of economic policies: Instead, "the main obstacle to the adoption of policies that would reduce market failures and encourage economic growth is not the ignorance of politicians but the incentives and constraints they face from the political and economic institutions in their societies."
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  • Acemoglu and Robinson outline a theory of how economic and political institutions shape the fate of human societies. They reinterpret the rise and fall of civilizations throughout history, showing how differences in institutions interact with changing circumstances to produce development or stagnation.
  • It also has implications for the contemporary United States, where increasing inequality and the growing influence of money in politics threaten to reshape our political institutions.
  • In more fortunate countries, pluralistic political institutions prevent any one group from monopolizing resources for itself, while free markets empower a large class of people with an interest in defending the current system against absolutism. This virtuous circle, which first took form in seventeenth-century England, is the secret to economic growth.
  • Economic institutions are themselves the products of political processes, which depend on political institutions. These can also be extractive, if they enable an elite to maintain its dominance over society, or inclusive, if many groups have access to the political process. Poverty is not an accident: "[P]oor countries are poor because those who have power make choices that create poverty." Therefore, Acemoglu and Robinson argue, it is ultimately politics that matters.
  • The logic of extractive and inclusive institutions explains why growth is not foreordained. Where a cohesive elite can use its political dominance to get rich at the expense of ordinary people, it has no need for markets and free enterprise, which can create political competitors. In addition, because control of the state can be highly lucrative, infighting among contenders for power produces instability and violence. This vicious circle keeps societies poor
  • Countries differ in their economic success because of their different institutions, the rules influencing how the economy works, and the incentives that motivate people," write Acemoglu and Robinson. Extractive institutions, whether feudalism in medieval Europe or the use of schoolchildren to harvest cotton in contemporary Uzbekistan, transfer wealth from the masses to elites. In contrast, inclusive institutions -- based on property rights, the rule of law, equal provision of public services, and free economic choices -- create incentives for citizens to gain skills, make capital investments, and pursue technological innovation, all of which increase productivity and generate wealth.
  • Acemoglu and Robinson differentiate their account from alternatives that they label the "culture," "geography," and "ignorance" hypotheses.
  • An example of the first is Max Weber's famous argument that Calvinism lay at the roots of capitalist development
  • the best-known recent example of the second is Jared Diamond's explanation of the Spanish Conquest as the inevitable outcome of geographic differences between Eurasia and the Americas.
  • Most economists, Acemoglu and Robinson assert, subscribe to the ignorance hypothesis, according to which "poor countries are poor because they have a lot of market failures and because economists and policymakers do not know how to get rid of them." According to this view, development can be engineered through technocratic policies administered by enlightened experts.
  • this focus on policy obscures the fundamental importance of politics.
  • Their perspective is informed by New Institutional Economics, an approach developed in the last quarter of the twentieth century, and associated with prominent economists such as Douglass North and Oliver Williamson, that focuses on how economic forces are mediated by institutions such as political systems and legal codes
  • A state based on extractive institutions, whether the Kuba Kingdom of seventeenth-century Central Africa or more recently the Soviet Union, can generate growth, especially when starting from low levels of development. But in most of these cases, the ruling elite is unwilling to allow inclusive economic institutions because they would threaten its political supremacy; the inevitable result is economic stagnation.
  • This leaves open the question of why some societies end up with inclusive rather than extractive institutions -- why some are rich and some are poor. The answer, according to Acemoglu and Robinson, is that institutions evolve -- and that history is messy.
  • Institutions change in subtle ways over time, allowing societies to drift apart. When major shocks occur, small differences in institutions can send societies down vastly different historical paths.
  • Early modern England, France, and Spain were all feudal societies with power-hungry monarchs. But the English Parliament had slightly more power than its continental relatives; as a result, the crown was unable to monopolize trade with the Americas, which made many merchants rich instead; in turn, this new commercial class became an important part of the coalition that overthrew James II in 1688, successfully fighting off absolutism. In Spain, by contrast, the monarchy controlled overseas trade, quashed internal challenges to its authority, and maintained extractive economic institutions -- and the country went into long-term decline. Crucially, Acemoglu and Robinson remind us that these outcomes were not preordained. James II might have suppressed the Glorious Revolution, or the Spanish Armada might have succeeded a century earlier. History is like that.
  • In this light, the material prosperity of the modern world, unevenly distributed though it is, is a fortunate historical accident.
  • But inclusive institutions can also break down. In the late thirteenth and early fourteenth centuries, a small group of families transformed Venice's semi-democratic institutions into a hereditary aristocracy and then monopolized long-distance trade, spelling the end of the city-state's economic expansion
  • Acemoglu and Robinson, by contrast, examine why nations fail. Societies, in their telling, are like Tolstoy's families: The success stories are similar -- pluralist democracies with regulated capitalist economies -- but failure comes in different forms. There are many ways in which elites can impose extractive institutions that cripple economic development.
  • The United States is one of the happy families of Why Nations Fail. Although our institutions have often been deeply flawed, Acemoglu and Robinson show how crucial moments in history, from Jamestown to the Progressive Era to the civil-rights movement, have led to the expansion of political democracy and economic opportunity.
  • Rather than as a series of inevitable triumphs, however, this history can also be seen as a warning -- that our institutions are fragile, always at risk of being subverted by elites seeking to exploit political power for their narrow economic ends. That risk has reappeared today.
  • The power of the financial sector is only one example of the broader threat to our inclusive political institutions: namely, the ability of the economic elite to translate their enormous fortunes directly into political power. In the wake of the Supreme Court's 2010 decision in Citizens United, super PACs can mobilize unlimited amounts of money--and can accept contributions from 501(c)4 organizations, which do not have to identify their donors.
  • This may seem like a level playing field. But money is not distributed evenly. American Crossroads, for example, has consistently raised more than 90 percent of its funds from billionaires (with a "b"). The recent, breathtaking rise in inequality has put unprecedented resources at the disposal of the super-rich. With the ability to secretly invest unlimited sums in political activities, they now have the opportunity to swamp all other participants in American politics.
  • Rising inequality and deregulation of political spending have made possible a new kind of class warfare. The 1 percent can blanket the airwaves, install their chosen representatives, and sway public policy in their favor.
  • The most direct way to translate political power into cold, hard cash is to advocate for lower taxes. Republican presidential candidates spent the past year competing to offer the most bountiful tax cuts to the super-rich
  • Showering goodies on the rich would require draconian cuts to Social Security and Medicare -- programs that are popular among the Tea Party rank and file. Republicans' current anti-tax orthodoxy reflects the interests of their wealthy funders rather than their middle-income base.
  • As Warren Buffett observed, "there's been class warfare going on for the last twenty years, and my class has won." This should be little surprise: "My side has had the nuclear bomb. We've got K Street, we've got lobbyists, we've got money on our side."
  • Supreme Court justices appointed by Republican presidents were instrumental in unleashing unlimited corporate political spending in Citizens United, accelerating the concentration of political power in the hands of the super-rich.
  • The most potent bulwark of inclusive institutions is probably the rich variety of influential interest groups that all have the ability to participate in politics. Still, the accumulation of huge fortunes and their deployment for political ends has changed the nature of our political institutions. Funding by the economic elite is a major reason why Republicans advocate transfers from ordinary people to the rich in the form of tax cuts and reductions in government services -- and why Democrats have been dragged to the right along with the GOP
  • Acemoglu recently said, "We need noisy grassroots movements to deliver a shock to the political system," citing both the Tea Party and Occupy Wall Street as potentially helpful developments. As he recognized, however, the one with more staying power -- the Tea Party -- has been co-opted by well-funded, elite-dominated groups (including Americans for Prosperity). If a popular movement can be bankrolled as easily as an attack ad, it is hard to see what money can't buy in politics. The next test for America will be whether our political system can fend off the power of money and remain something resembling a real democracy -- or whether it will become a playground where a privileged elite works out its internal squabbles.
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Abortion rights go against the spirit of civil rights - The Washington Post - 0 views

  • The Obergefell decision legalizing same-sex marriage in every state was also sweeping. It has produced almost no political reaction. The contrast to Roe could hardly be starker.
  • And the explanation is rather simple: All the great civil rights movements have been movements of inclusion. The first modern civil rights campaign — militating for the end of the British slave trade — set the pattern with its slogan: “Am I not a man and a brother?” Susan B. Anthony asked: “Are women persons?” In the most rapidly successful civil rights movement of our time, gays and lesbians came out to show their communities that LGBT people were their friends and family members. All these efforts expanded the circle of social welcome and protection.
  • The abortion rights movement, in contrast, is a movement of autonomy. Its primary appeal is to individual choice, not social inclusion. And the choice it elevates seems (to some people) in tension with the principle of inclusion.
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  • At what point does this developing human life deserve our sympathy and protection? When neurological activity develops? When the fetus can feel pain? When a child is born? When an infant can think and reason? All these “achievements” are, in fact, scientifically and ethically arbitrary. They don’t mark the start of a new life, just the development of an existing life.
  • It is the antiabortion movement that appeals to inclusion. It argues for a more expansive definition of the human community. It opposes ending or exploiting one human life for the benefit of another.
  • The assertion of a right is often enough to end an argument. But there is an ethical and political alternative, emphasizing an inclusive concern for the common good and solidarity with the most vulnerable members of the human family. Martin Luther King Jr. called this “the beloved community.”
  • Both of these priorities — autonomy and inclusion — are strongly present in U.S. history. The abortion debate falls along this enduring divide, producing a social conflict that will only be managed, not settled.
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Opinion | A Titanic Geopolitical Struggle Is Underway - The New York Times - 0 views

  • There are many ways to explain the two biggest conflicts in the world today, but my own shorthand has been that Ukraine wants to join the West and Israel wants to join the Arab East — and Russia, with Iran’s help, is trying to stop the first, and Iran and Hamas are trying to stop the second.
  • They reflect a titanic geopolitical struggle between two opposing networks of nations and nonstate actors over whose values and interests will dominate our post-post-Cold War world — following the relatively stable Pax Americana/globalization era that was ushered in by the fall of the Berlin Wall in 1989 and the collapse of the Soviet bloc, America’s chief Cold War rival.
  • On one side is the Resistance Network, dedicated to preserving closed, autocratic systems where the past buries the future. On the other side is the Inclusion Network, trying to forge more open, connected, pluralizing systems where the future buries the past.
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  • China under President Xi Jinping straddles the two networks, along with much of what’s come to be called the global south. Their hearts, and often pocketbooks, are with the Resistors but their heads are with the Includers
  • These wars very much are our business — and now clearly inescapable, since we’re deeply entwined in both conflicts. What’s crucial to keep in mind about America — as the leader of the Inclusion Network — is that right now we’re fighting the war in Ukraine on our terms, but we’re fighting the war in the Middle East on Iran’s terms.
  • CNN recently described, per a source familiar with it, a declassified U.S. intelligence assessment provided to Congress saying that Russia had lost 87 percent of its preinvasion active-duty ground troops and two-thirds of its tanks that it had prior to its invasion of Ukraine. Putin can still inflict a lot of damage on Ukraine with missiles, but his dream of occupying the whole country and using it as a launching pad to threaten the Inclusion Network — particularly the NATO-protected European Union — is now out of reach. Thank you, Kyiv.
  • At a breakfast with NATO leaders devoted to the Ukraine issue at Davos this year, Canada’s deputy prime minister, Chrystia Freeland, noted that it is we, the West, who should be thanking the Ukrainians, not forcing them to beg us for more weapons.
  • “What Putin wants is to transform the world order” that evolved since World War II and the post-Cold War — where “the competition between nations was about who can be richer and who can help their people prosper the most . … Putin hates that world because he loses in that world — his system is a loser in a peaceful, global, wealth-enhancing paradigm. And so what he wants is to move us back to dog-eat-dog, to a 19th-century, great power competition, because he thinks he can, if not win, be more effective there. … Let’s not think that this is a Ukrainian problem; this is a problem for us all.”
  • the Resistance Network “is orchestrated by Iran, Islamists and jihadists” in a process they refer to as the “unity of battlefields.” This network, he noted, “seeks to bridge militias, rejectionists, religious sects and sectarian leaders,” creating an anti-Israel, anti-American, anti-Western axis that can simultaneously pressure Israel in Gaza, in the West Bank and on the Lebanon border — as well as America in the Red Sea, in Syria and in Iraq and Saudi Arabia from all directions.
  • In stark contrast, Koteich said, stands the Inclusion Network, one that’s focused on “weaving together” global and regional markets instead of battlefronts, business conferences, news organizations, elites, hedge funds, tech incubators and major trade routes. This inclusion network, he added, “transcends traditional boundaries, creating a web of economic and technological interdependence that has the potential to redefine power structures and create new paradigms of regional stability.”
  • things are different in the Middle East. There, it is Iran that is sitting back comfortably — indirectly at war with Israel and America, and sometimes Saudi Arabia, by fighting through Tehran’s proxies: Hamas in Gaza, the Houthis in Yemen, Hezbollah in Lebanon and Syria, and Shiite militias in Iraq.
  • Iran is reaping all the benefits and paying virtually no cost for the work of its proxies, and the U.S., Israel and their tacit Arab allies have not yet manifested the will or the way to pressure Iran back — without getting into a hot war, which they all want to avoid.
  • The members of the Resistance Network are great at tearing down and breaking stuff, but, unlike the Inclusion Network, they have shown no capacity to build any government or society to which anyone would want to emigrate, let alone emulate
  • For all of these reasons, this is a moment of great peril as well as great opportunity — especially for Israel. The competition between the Resistance Network and the Inclusion Network means that the region has never been more hostile or more hospitable to accepting a Jewish state.
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The Self-Destruction of the 1 Percent - NYTimes.com - 0 views

  • Daron Acemoglu and James A. Robinson, in their book “Why Nations Fail: The Origins of Power, Prosperity, and Poverty,” as an illustration of their thesis that what separates successful states from failed ones is whether their governing institutions are inclusive or extractive. Extractive states are controlled by ruling elites whose objective is to extract as much wealth as they can from the rest of society. Inclusive states give everyone access to economic opportunity; often, greater inclusiveness creates more prosperity, which creates an incentive for ever greater inclusiveness.
  • s the story of Venice shows, virtuous circles can be broken. Elites that have prospered from inclusive systems can be tempted to pull up the ladder they climbed to the top. Eventually, their societies become extractive and their economies languish.
  • it is the danger America faces today, as the 1 percent pulls away from everyone else and pursues an economic, political and social agenda that will increase that gap even further — ultimately destroying the open system that made America rich and allowed its 1 percent to thrive in the first place.
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The demise of the white majority is a myth - The Washington Post - 0 views

  • the Census Bureau projects no fewer than six futures for the white population based on various definitions of whiteness. The most touted set of projections adopts the most exclusive definition, restricting the white population to those who self-identify as white and also no other race or ethnicity. Under this definition, whites are indeed in numerical decline.
  • But this doesn’t reflect the increasingly fluid and inclusive way that many Americans now regard racial and ethnic backgrounds. Mixed-race parentage is growing more common, and a rapidly growing number of people choose more than one racial or ethnic category to describe themselves on the census.
  • Under a more expansive definition that counts as white anyone who so identifies (even if they also identify with another race or ethnicity), the white population is not declining; it’s flourishing. The Census Bureau’s inclusive projections show a white population in excess of 70 percent of the total for the foreseeable future.
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  • When asked how the story they read made them feel — angry, anxious, hopeful or enthusiastic — results were clear-cut. Forty-six percent of white Democrats and a whopping 74 percent of Republicans expressed anger or anxiety when reading about the impending white-minority status.
  • Our respondents were randomly assigned to read one of two simulated news stories that reported the bureau’s 2015 race projections. The first mimicked the conventional narrative about the decline of non-Hispanic whites. The second detailed the growth of Hispanic and Asian American populations, but it also mentioned the rise of intermarriage and reported the Census Bureau’s alternative projection of a more diverse white majority persisting the rest of the century.
  • How, then, do whites of both parties feel about these different stories of the future? A recent study that we co-authored shows that more inclusive definitions for whiteness could significantly diminish anxiety among white Americans about displacement.
  • But these negative emotions were far less frequent when participants read the second story about a more inclusive white majority. Only 35 percent of white Democrats and 29 percent of white Republicans expressed anger or anxiousness about this scenario.
  • The results imply that nearly a quarter of the Democrats and two-thirds of the Republicans who might be agitated about the imminent-white-minority narrative also have positive feelings about a more inclusive and enduring white majority.
  • Fortunately, the white American public seems far more content with the more inclusive future that is actually destined to emerge.
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The Self-Destruction of the 1 Percent - NYTimes.com - 1 views

  • Daron Acemoglu and James A. Robinson, in their book “Why Nations Fail: The Origins of Power, Prosperity, and Poverty,” as an illustration of their thesis that what separates successful states from failed ones is whether their governing institutions are inclusive or extractive.
  • Extractive states are controlled by ruling elites whose objective is to extract as much wealth as they can from the rest of society. Inclusive states give everyone access to economic opportunity; often, greater inclusiveness creates more prosperity, which creates an incentive for ever greater inclusiveness.
  • public policy has exacerbated rather than mitigated these trends
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  • Even as the winner-take-all economy has enriched those at the very top, their tax burden has lightened. Tolerance for high executive compensation has increased, even as the legal powers of unions have been weakened and an intellectual case against them has been relentlessly advanced by plutocrat-financed think tanks. In the 1950s, the marginal income tax rate for those at the top of the distribution soared above 90 percent, a figure that today makes even Democrats flinch. Meanwhile, of the 400 richest taxpayers in 2009, 6 paid no federal income tax at all, and 27 paid 10 percent or less. None paid more than 35 percent.
  • Educational attainment, which created the American middle class, is no longer rising. The super-elite lavishes unlimited resources on its children, while public schools are starved of funding. This is the new Serrata. An elite education is increasingly available only to those already at the top.
  • America’s Serrata also takes a more explicit form: the tilting of the economic rules in favor of those at the top.
  • The first is to channel the state’s scarce resources in their own direction
  • Exhibit A is the bipartisan, $700 billion rescue of Wall Street in 2008. Exhibit B is the crony recovery. The economists Emmanuel Saez and Thomas Piketty found that 93 percent of the income gains from the 2009-10 recovery went to the top 1 percent of taxpayers. The top 0.01 percent captured 37 percent of these additional earnings, gaining an average of $4.2 million per household.
  • The second manifestation of crony capitalism is more direct: the tax perks, trade protections and government subsidies that companies and sectors secure for themselves.
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Opinion | Why Did Racial Progress Stall in America? - The New York Times - 0 views

  • n the popular narrative of American history, Black Americans made essentially no measurable progress toward equality with white Americans until the lightning-bolt changes of the civil rights revolution. If that narrative were charted along the course of the 20th century, it would be a flat line for decades, followed by a sharp, dramatic upturn toward equality beginning in the 1960s: the shape of a hockey stick.
  • In many ways, this hockey stick image of racial inequality is accurate. Until the banning of de jure segregation and discrimination, very little progress was made in many domains: representation in politics and mainstream media, job quality and job security, access to professional schools and careers or toward residential integration.
  • In terms of material well-being, Black Americans were moving toward parity with white Americans well before the victories of the civil rights era
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  • The life expectancy gap between Black and white Americans narrowed most rapidly between about 1905 and 1947, after which the rate of improvement was much more modest
  • Understanding how and why not only reveals why America is so fractured today, but illuminates the path forward, toward a more perfect union.
  • In measure after measure, positive change for Black Americans was actually faster in the decades before the civil rights revolution than in the decades after
  • The Black/white ratio of high school completion improved dramatically between the 1940s and the early 1970s, after which it slowed, never reaching parity.
  • The racial gap in homeownership steadily narrowed between 1900 and 1970, then stagnated, then reversed
  • Racial integration in K-12 education at the national level began much earlier than is often believed
  • It accelerated sharply in the wake of the 1954 Supreme Court decision, Brown v. Board of Education. But this trend leveled off in the early 1970s, followed by a modest trend toward resegregation.
  • Income by race converged at the greatest rate between 1940 and 1970.
  • However, as of 2018, Black/white income disparities were almost exactly the same as they were in 1968
  • Black Americans on the whole have experienced flat or downward mobility in recent decades.
  • What’s more, after the passage of civil rights legislation, those trends toward racial parity slowed, stopped and even reversed.
  • Long-run data on national trends in voting by race is patchy, but the South saw a dramatic increase in Black voter registration between 1940 and 1970, followed by decline and stagnation
  • nearly all of the gains toward equality with white voter turnout occurred between 1952 and 1964, before the Voting Rights Act passed, then almost entirely halted for the rest of the century.
  • These data reveal a too-slow but unmistakable climb toward racial parity throughout most of the century that begins to flatline around 1970 — a picture quite unlike the hockey stick of historical shorthand.
  • It was Black Americans’ undaunted faith in the promise of the American “we,” and their willingness to claim their place in it, against all odds, that won them progress between the end of Reconstruction in the 1870s and the end of the civil rights movement in the 1970s. Collectively, these migrants and their children and grandchildren steadily narrowed the Black-white gap over those years.
  • But if Black Americans’ advance toward parity with whites in many dimensions had been underway for decades before the Civil Rights revolution, why then, when the dam of legal exclusion finally broke, didn’t those trends accelerate toward full equality?
  • Why was the last third of the 20th century characterized by a marked deceleration of progress, and in some cases even a reversal?
  • We have two answers to these questions.
  • Substantial progress toward white support for Black equality was made in the first half of the 20th century
  • The first is simple and familiar: White backlash
  • when push came to shove, many white Americans were reluctant to live up to those principles. Although clear majorities supported the 1964 Civil Rights Act, a national poll conducted shortly after its passage showed that 68 percent of Americans wanted moderation in its enforcement. In fact, many felt that the Johnson administration was moving too fast in implementing integration.
  • Lyndon B. Johnson’s rejection, in 1968, of the Kerner Commission’s recommendations of sweeping reforms to address racial inequality suggested that his fine-tuned political sensitivity had detected a sea change in white attitudes in the year since he — more than any previous president — had led the project of racial redress
  • as the century turned and the Gilded Age gave way to the Progressive Era, America experienced a remarkable moment of inflection that set the nation on an entirely new trajectory. A diverse group of reformers grabbed the reins of history and set a course toward greater economic equality, political bipartisanship, social cohesion and cultural communitarianism.
  • Some six decades later all of those upward trends reversed, setting the United States on a downward course that has brought us to the multifaceted national crisis in which we find ourselves today, which bears a remarkable resemblance to the Gilded Age
  • These interconnected phenomena can be summarized in a single meta-trend that we have come to call the “I-we-I” curve: An inverted U charting America’s gradual climb from self-centeredness to a sense of shared values, followed by a steep descent back into egoism over the next half century
  • The moment America took its foot off the gas in rectifying racial inequalities largely coincides with the moment America’s “we” decades gave way to the era of “I.”
  • hopes went unrealized as the whole nation shifted toward a less egalitarian ideal.
  • A central feature of America’s “I” decades has been a shift away from shared responsibilities toward individual rights and a culture of narcissism.
  • Contemporary identity politics characterizes an era that could well be described as a “War of the ‘We’s’.” This is a reality that predated the election of Donald Trump, though his presidency threw it into sharp relief.
  • It is difficult to say which came first — white backlash against racial realignment or the broader shift from “we” to “I.”
  • the fact that landmark civil rights legislation passed at the very peak of the I-we-I curve suggests that an expanding sense of “we” was a prerequisite for the dismantling of the color line. Without what the historian Bruce Schulman calls the “expansive, universalist vision” that America had been building toward in the preceding decades, it is hard to imagine that such watershed change — so long and so violently resisted — would have been possible.
  • By the late 1960s, though the work of widening was not nearly complete, America had come closer to an inclusive “we” than ever before. But just as that inclusion began to bear tangible fruit for Black Americans, much of that fruit began to die on the vine.
  • The lessons of America’s I-we-I century are thus twofold. First, we Americans have gotten ourselves out of a mess remarkably similar to the one we’re in now by rediscovering the spirit of community that has defined our nation from its inception
  • we” can be defined in more inclusive or exclusive terms. The “we” we were constructing in the first two-thirds of the last century was highly racialized, and thus contained the seeds of its own undoing. Any attempt we may make today to spark a new upswing must aim for a higher summit by being fully inclusive, fully egalitarian and genuinely accommodating of difference. Anything less will fall victim once again to its own internal inconsistencies.
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Opinion | This Is the Actual Danger Posed by D.E.I. - The New York Times - 0 views

  • D.E.I. Short for “diversity, equity, and inclusion,” the term — like the related progressive concepts of wokeness and critical race theory — used to have an agreed-upon meaning but has now been essentially redefined on the populist right. In that world, D.E.I. has become yet another catchall boogeyman, a stand-in not just for actual policies or practices designed to increase diversity, but also a scapegoat for unrelated crises.
  • the immense backlash from parts of the right against almost any diversity initiative is a sign of the extent to which millions of white Americans are content with their vastly disproportionate share of national wealth and power.
  • Outside the reactionary right, there is a cohort of Americans, on both right and left, who want to eradicate illegal discrimination and remedy the effects of centuries of American injustice yet also have grave concerns about the way in which some D.E.I. efforts are undermining American constitutional values, especially on college campuses.
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  • For instance, when a Harvard scholar such as Steven Pinker speaks of “disempowering D.E.I.” as a necessary reform in American higher education, he’s not opposing diversity itself. Pinker is liberal, donates substantially to the Democratic Party and “loathes” Donald Trump. The objections he raises are shared by a substantial number of Americans across the political spectrum.
  • , the problem with D.E.I. isn’t with diversity, equity, or inclusion — all vital values.
  • First, it is a moral necessity for colleges to be concerned about hateful discourse, including hateful language directed at members of historically marginalized groups. Moreover, colleges that receive federal funds have a legal obligation
  • I’ll share with you three pervasive examples
  • In the name of D.E.I., all too many institutions have violated their constitutional commitments to free speech, due process and equal protection of the law.
  • Yet that is no justification for hundreds of universities to pass and maintain draconian speech codes on campus, creating a system of unconstitutional censorship that has been struck down again and again and again in federal court. Nor is it a justification for discriminating against faculty members for their political views or for compelling them to speak in support of D.E.I.
  • There is a better way to achieve greater diversity, equity, inclusion and related goals. Universities can welcome students from all walks of life without unlawfully censoring speech. They can respond to campus sexual violence without violating students’ rights to due process. They can diversify the student body without discriminating on the basis of race
  • Second, there is a moral imperative to respond to sexual misconduct on campus.
  • that is no justification for replacing one tilted playing field with another. Compelled in part by constitutionally problematic guidance from the Obama administration, hundreds of universities adopted sexual misconduct policies that strip the most basic due process protections from accused students. The result has been systematic injustice
  • The due process problem was so profound that in 2019 a state appellate court in California — hardly a bastion of right-wing jurisprudence — ruled that “fundamental fairness” entitles an accused student to cross-examine witnesses in front of a neutral adjudicator.
  • Third, it is urgently necessary to address racial disparities in campus admissions and faculty hiring — but, again, not at the expense of the Constitution.
  • it is difficult to ignore the overwhelming evidence that Harvard attempted to achieve greater diversity in part by systematically downranking Asian applicants on subjective grounds, judging them deficient in traits such as “positive personality,” likability, courage, kindness and being “widely respected.” That’s not inclusion; it’s discrimination.
  • Our nation has inflicted horrific injustices on vulnerable communities. And while the precise nature of the injustice has varied — whether it was slavery, Jim Crow, internment or the brutal conquest of Native American lands — there was always a consistent theme: the comprehensive denial of constitutional rights.
  • But one does not correct the consequences of those terrible constitutional violations by inflicting a new set of violations on different American communities in a different American era. A consistent defense of the Constitution is good for us all,
  • The danger posed by D.E.I. resides primarily not in these virtuous ends, but in the unconstitutional means chosen to advance them.
  • Virtuous goals should not be accomplished by illiberal means.
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Joseph Stiglitz Talks About Inequality and the Economy - The Atlantic - 0 views

  • White: Early on in The Great Divide you ask who is to blame for the crisis and the inequality that grew after it. One of the answers you say are economists. To what extent do you feel economist and economic theory is culpable for the crisis?
  • tiglitz: The prevalent ideology—when I say prevalent  it’s not all economists— held that markets were basically efficient, that they were stable. You had people like Greenspan and Bernanke saying things like “markets don't generate bubbles.” They had precise models that were precisely wrong and gave them confidence in theories that led to the policies that were responsible for the crisis, and responsible for the growth in inequality. Alternative theories would have led to very different policies
  • For instance, the tax cut in 2001 and 2003 under President Bush. Economists that are very widely respected were cutting taxes at the top, increasing inequality in our society when what we needed was just the opposite. Most of the models used by economists ignored inequality. They pretended that macroeconomy was unaffected by inequality. I think that was totally wrong.
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  • The strange thing about the economics profession over the last 35 year is that there has been two strands: One very strongly focusing on the limitations of the market, and then another saying how wonderful markets were. Unfortunately too much attention was being paid to that second strand.
  • The second major issue: 50 years after the march on Washington, 150 years after the end of slavery, we still are suffering from the legacy of that, and we have problems of inclusion. Racial inclusion, gender inclusion, and that dimension of inequality is so undermining of our society
  • there are two major things I would focus on: one is education. When you don't have equality of opportunity because you don't have equal access to education, it just seems so outrageous. It weakens our economy and leads to more inequality. We have a locale-based education system, we have increasing economic segregation, we clearly need a larger federal program to try to help disadvantaged districts.
  • What can we do about it? We've had this very strong strand that is focused on the limitations and market imperfections. A very large fraction of the younger people, this is what they want to work on. It's very hard to persuade a young person who has seen the Great Recession, who has seen all the problems with inequality, to tell them inequality is not important and that markets are always efficient. They'd think you're crazy.
  • We're so far out of line with the other advantaged countries. Those are two things that I think are the most striking in the sense that they are inconsistent with deeply held values and are leading to both more inefficiency and more inequality.
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Dignity and the Wealth of Nations - NYTimes.com - 0 views

  • “Why Nations Fail,” by Daron Acemoglu and James Robinson, of the Massachusetts Institute of Technology and Harvard University, respectively, is a wildly ambitious work that hopscotches through history and around the world to answer the very big question of why some countries get rich and others don’t.
  • “politics.” Mr. Acemoglu and Mr. Robinson divide the world into countries governed by “inclusive” institutions and those ruled by “extractive” ones. Inclusive societies, with England and its Glorious Revolution of 1688 in the vanguard, deliver sustainable growth and technological innovation. Extractive ones can have spurts of prosperity, but because they are ruled by a narrow elite guided by its own self-interest, their economic vigor eventually fades.
  • “It is about societies where the elite, the rich, can do what they want and those where they cannot.”
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  • academics, policy makers and business leaders have often advanced quite different views. One perspective is that all that matters is economic growth and the right technocratic mix of policies necessary to deliver it. This approach, implicit in the prescriptions of so many International Monetary Fund missions, is that if countries can get richer, everything else will fall into place.
  • Establish property rights, the reformers in Warsaw, Moscow and Beijing believed, and economic and social success will inevitably follow.
  • Mr. Acemoglu and Mr. Robinson argue that if an extractive regime is in charge, neither wealth nor private property can save a country from eventual decline.
  • the leaders of extractive regimes don’t implement policies that stifle sustainable growth out of ignorance. They aren’t stupid; they are merely and rationally pursuing their own self-interest. The real ignorance is that of outsiders who fail to appreciate that in an extractive regime, the interests of the rulers and the ruled do not coincide.
  • Western scholars laid out the “conventional explanation for Vladimir Putin’s popularity” thus: “Since 2000, under Putin, order has returned, the economy has flourished, and the average Russian is living better than ever before. As political freedom has decreased, economic growth has increased. Putin may have rolled back democratic gains, the story goes, but these were necessary sacrifices on the altar of stability and growth.”
  • “This conventional narrative is wrong, based almost entirely on a spurious correlation between autocracy and growth. The emergence of Russian democracy in the 1990s did indeed coincide with state breakdown and economic decline, but it did not cause either. The reemergence of Russian autocracy under Putin, conversely, has coincided with economic growth but not caused it (high oil prices and recovery from the transition away from communism deserve most of the credit).”
  • “The Kremlin talks about creating the next China, but Russia’s path is more likely to be something like that of Angola
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Scientists Square Off on Evolutionary Value of Helping Relatives - NYTimes.com - 0 views

  • In 1964, the British biologist William Hamilton
  • he argued, helping your relatives can spread your genes faster than having children of your own.
  • If we give enough help to relatives so they can survive and have children, then they can pass on more copies of our own genes. Dr. Hamilton called this new way of tallying reproductive success inclusive fitness.
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  • Each organism faces a trade-off between putting effort into raising its own offspring or helping its relatives. If the benefits of helping a relative outweigh the costs, Dr. Hamilton argued, altruism can evolve.
  • Standard natural selection, the scientists argue, explains everything inclusive fitness theory was supposed to, without these special conditions
  • Dr. Nowak and his colleagues argue that their analysis should free scientists to think of other ways that altruism and other kinds of social behavior might evolve.
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Clinton, Obama and Iraq - NYTimes.com - 0 views

  • Obama has carefully not organized a large part of his foreign policy around a war against jihadism. The foreign policy vision he describes is, as you’d expect from a former law professor, built around reverence for certain procedures: compromise, inclusiveness, rules and norms. The threat he described in his West Point speech was a tactic, terrorism, not an ideology, jihadism. His main argument was against a means not an end: the efficacy of military action.
  • Obama is notably cautious, arguing that the U.S. errs when it tries to do too much. The cast of his mind is against intervention. Sometimes, when the situation demands it, he goes against his natural temperament (he told Friedman that he regrets not getting more involved in Libya), but it takes a mighty shove, and he is resistant all the way. In his West Point speech, he erected barriers to action. He argued, for example, that the U.S. could take direct action only when “there is near certainty of no civilian casualties.” (This is not a standard Franklin Roosevelt would have applied.)
  • Obama and Clinton represent different Democratic tendencies. In their descriptions of the current situation in Iraq, Clinton emphasizes that there cannot be inclusive politics unless the caliphate is seriously pushed back, while Obama argues that we will be unable to push back the caliphate unless the Iraqis themselves create inclusive politics. The Clinton language points toward some sort of intervention. Obama’s points away from it, though he may be forced by events into being more involved.
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  • I’d bet she is going to get a more serious challenge than people now expect.
  • Clinton speaks as a Truman-Kennedy Democrat. She’s obviously much, much more multilateral than Republicans, but there’s a certain muscular tone, a certain assumption that there will be hostile ideologies that threaten America. There is also a grand strategic cast to her mind. The U.S. has to come up with an “overarching” strategy, she told Goldberg, to contain, deter and defeat anti-democratic foes. She argues that harsh action is sometimes necessary. “I think Israel did what it had to do to respond to the rockets, “ she declared, embracing recent Israeli policy. “There’s no doubt in my mind that Hamas initiated this conflict. ... So the ultimate responsibility has to rest on Hamas.”
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The Shame Culture - The New York Times - 0 views

  • Some sort of moral system is coming into place. Some new criteria now exist, which people use to define correct and incorrect action. The big question is: What is the nature of this new moral system?
  • In a guilt culture you know you are good or bad by what your conscience feels. In a shame culture you know you are good or bad by what your community says about you, by whether it honors or excludes you. In a guilt culture people sometimes feel they do bad things; in a shame culture social exclusion makes people feel they are bad.
  • the omnipresence of social media has created a new sort of shame culture. The world of Facebook, Instagram and the rest is a world of constant display and observation. The desire to be embraced and praised by the community is intense. People dread being exiled and condemned. Moral life is not built on the continuum of right and wrong; it’s built on the continuum of inclusion and exclusion.
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  • First, members of a group lavish one another with praise
  • This creates a set of common behavior patterns.
  • Second, there are nonetheless enforcers within the group who build their personal power and reputation by policing the group and condemning those who break the group code
  • Third, people are extremely anxious that their group might be condemned or denigrated. They demand instant respect and recognition for their group
  • Campus controversies get so hot so fast because even a minor slight to a group is perceived as a basic identity threat.
  • The ultimate sin today, Crouch argues, is to criticize a group, especially on moral grounds. Talk of good and bad has to defer to talk about respect and recognition.
  • this shame culture is different from the traditional shame cultures, the ones in Asia, for example. In traditional shame cultures the opposite of shame was honor or “face” — being known as a dignified and upstanding citizen
  • In the new shame culture, the opposite of shame is celebrity — to be attention-grabbing and aggressively unique on some media platform.
  • On the positive side, this new shame culture might rebind the social and communal fabric. It might reverse, a bit, the individualistic, atomizing thrust of the past 50 years.
  • On the other hand, everybody is perpetually insecure in a moral system based on inclusion and exclusion. There are no permanent standards, just the shifting judgment of the crowd. It is a culture of oversensitivity, overreaction and frequent moral panics, during which everybody feels compelled to go along.
  • 26 Comments If we’re going to avoid a constant state of anxiety, people’s identities have to be based on standards of justice and virtue that are deeper and more permanent than the shifting fancy of the crowd
  • In an era of omnipresent social media, it’s probably doubly important to discover and name your own personal True North, vision of an ultimate good, which is worth defending even at the cost of unpopularity and exclusion.
  • The guilt culture could be harsh, but at least you could hate the sin and still love the sinner. The modern shame culture allegedly values inclusion and tolerance, but it can be strangely unmerciful to those who disagree and to those who don’t fit in.
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Ganesh Sitaraman's "The Crisis of the Middle-Class Constitution" - The Atlantic - 0 views

  • Rebecca J. Rosen: Your new book, The Crisis of the Middle-Class Constitution, is premised on the idea that the American Constitution is what you call a middle-class constitution. What does that mean?
  • Ganesh Sitaraman: The idea of the middle-class constitution is that it’s a constitutional system that requires and is conditioned on the assumption that there is a large middle class, and no big differences between rich and poor in a society.
  • Prior to the American Constitution, most countries and most people who thought about designing governments were very concerned about the problem of inequality, and the fear was that, in a society that was deeply unequal, the rich would oppress the poor and the poor would revolt and confiscate the wealth of the rich.
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  • We have to distinguish between two separate things. The first is what I’m calling the tradition of the middle-class Constitution, and the idea here is that to have a republic, you have to have relative economic equality, and that’s within the political community.
  • What we have is a constitutional system that doesn’t build class in at all, and the reason why is that America was shockingly equal at the time in ways that seem really surprising to us today.
  • The idea is that the Constitution relies on a relatively equal society for it to work. In societies that are deeply unequal, the way you prevent strife between rich and poor is you build class right into the structure of government—the House of Lords, House of Commons idea. Everyone has a share in government, but they also have a check on each other.
  • In a country that doesn’t have a lot of inequality by wealth, you don’t need that kind of check. There’s no extreme wealth, there’s no extreme poverty, so you don’t expect there to be strife, to be instability based on wealth. And so there’s no need to put in some sort of check like that into the Constitution.
  • That’s how our Constitution works. The reason why it works this way is that when the founders looked around, they thought America was uniquely equal in the history of the world.
  • extreme wealth, there’s extreme poverty, neither of which really exists in America. As a result they don’t need to design a House of Lords and a House of Commons, they don’t need a tribune of the plebs in order to make their constitution work.
  • And in an unequal society, the only possible government you could have would be some sort of aristocracy or monarchy.
  • there’s another question which is, who is in the political community? And that’s a question that’s been fiercely debated over our history, fiercely contested over our history.
  • There’s a second tradition that we call the tradition of inclusion, which over time has fought to expand the community to include minorities, to include women. The challenge for anyone who’s interested in continuing both of these traditions is, how do they work together?
  • I think the key thing is, when you expand the political community, you have to make sure that every member of the political community then has the opportunity to join the middle class, or else you can't maintain the structure of the republic and the preconditions for having a republic.
  • In the 17th century in England, James Harrington writes a book called The Commonwealth of Oceana, and it’s a pivotal book, extremely important in the history of political thought. What Harrington argues is that the balance of power in politics in any society will inevitably mirror the balance of property in society, and he talks a lot about property. We can think about that as wealth
  • What Harrington does is he explains this by saying that power has to follow property.
  • there’s actually a radical change in our Constitution that we don’t build economic class directly into these institutions. The purpose of the Senate, with its longer terms, is to allow representatives to deliberate in the longer-term interest of the republic, and that’s the goal of the Senate.
  • their intellectual fountain, is Harrington, who suggests that, if you have an equal society, it is possible to have what he called a commonwealth, or a republic.
  • his views were well known in the time period. In fact, more so than being known, they were just believed by everyone. Everyone embraced them, in some cases without even necessarily knowing their source, although throughout the founders’ writings they list Harrington as one of the great political thinkers who can comment on what it means to create a republic.
  • by the late 19th century, industrialization has reached full force.
  • These are all huge changes in the economy, and they put serious pressure on the economic foundations of the Constitution.
  • The response that starts really in full force in the populist era of the late 19th century and moves into the Progressive Era is to try to combat both economic power and to prevent economic power from turning into political power.
  • antitrust laws
  • People in this time period do a lot of extraordinary things.
  • an income tax
  • the first campaign-finance regulations
  • a constitutional amendment to require the direct election of U.S. senators
  • These factors, these actions, both economic and political, were designed to create what Teddy Roosevelt called an economic democracy that was necessary as a precondition for political democracy.
  • we regulated the financial industry through the Securities and Exchange Commission, Glass-Steagall during the Great Depression.
  • it happens for three reasons. The first is that we experience a huge economic boom. This is a period that economists call the Great Compression. GDP goes up, median wages go up, we build America’s middle class during this period.
  • a lot of things that contributed
  • After World War II, something changes. In this period, post-World War II, the idea that economic equality is necessary for our constitutional system falls out of the consciousness of most people.
  • We also invested a lot in the kinds of things that would build a strong middle class. We sent a generation to college through the GI bill. We invested in infrastructure, which created jobs. We invested in research and development
  • We also encouraged homeownership, and in addition to all of that, we also undertook policies that would help the people who were worst-off in society: Medicare, Medicaid, Head Start. Together, these things meant that we created a society that was more equal economically than we had seen in generations.
  • constitutional debates over the economy waned, because the New Dealers won the fight over the Constitution. Debates about economic policy now just moved into regulatory terms. There was no question that the Constitution empowered the federal government to be able to regulate and operate within the economy.
  • The third big factor is the Cold War.
  • After World War II, the contrast is now between capitalism and communism, not between republics and aristocracies. As a result, the egalitarian tradition in America wanes because of the fear of communism.
  • The fear in that period switches from a fear over aristocrats, oligarchs, and plutocrats to a fear of becoming too much like the Soviet Union and too much like the communists.
  • first had a period of about 30 years where things went really well. We had a growing middle class, an expanding middle class; in fact, it was in this period that we first made serious efforts to make our country more inclusive.
  • then, just at that moment, we started turning in a different direction and undermining many of the policies that had actually built the middle class. So over the last generation, we’ve significantly reduced taxes on the wealthy, we’ve abandoned a serious antitrust policy, we’ve started investing less in the things that create a broad middle class—education, infrastructure, research. And the result of all of this was the stagnating middle class
  • One of the important things about having a large middle class for society is that there’s a sense of everyone being part of the shared project. No one’s so different from each other when there’s a large middle class.
  • People don’t have different economic interests, and as a result, they often don't have very different social interests. People send their kids to the same public schools, they live in the same neighborhoods, they shop in the same places, they play on the same sports teams.
  • When the middle class starts to crumble, people increasingly see themselves as different from others. They sort themselves by wealth, by education level, and the result is that there’s an increasing fracturing of society, a loss of the solidarity that comes with having a large middle class
  • throughout our history, you see big divergences between the tradition of inclusion and the tradition of the middle class. In some cases, they overlap.
  • These two things don’t necessarily have to go together.
  • I think the most interesting moments in our history, though, are when there were people who understood that these two things had to go together, and in fact tried to build movements around them. The Civil Rights Era is a good example
  • One of the most exciting things about writing this book is discovering how often throughout our history people talked about the Constitution in economic terms. Throughout our history there was a deep sense that to have a republic, to have our Constitution work, we had to have economic equality, and that the Constitution in fact relied on this and in some cases even required action from political leaders to fulfill this economic equality.
  • In Reconstruction, in the Jacksonian Era, the populists, the progressives, the New Dealers. Throughout our history, there is a strong tradition of people who believe this.
  • there’s lots of places we could think about this in our Constitution today
  • To take a simple example, a case like Citizens United uses the First Amendment in order to stop efforts, it seems, to make our political and economic system more equal by enabling corporations and wealthy people to have outsized power over the political process. We could think about a wide variety of constitutional provisions differently if we took this seriously—the Equal Protection Clause, the First Amendment, the 13th Amendment, which was seen by the Reconstruction Republicans as not just ending slavery but also empowering Congress to create economic opportunity for people who were struggling economically.
  • Even going back to the ancients there was a fear that economic power would turn into political power and undermine the republic. That’s an oligarchy.
  • First, the wealthy start believing that they’re better than everybody else, that they’re more virtuous, that they deserve to govern
  • The second thing that happens is that the wealthy now have different interests than everybody else. The things that are good for them aren’t actually in the common good, so when they do govern, they start pursuing policies that improve their well-being and wealth at the expense of everyone else.
  • the “doom loop of oligarchy”: once you start down this path, it’s very hard to get out of it.
  • The problem with the vicious cycle that leads to oligarchy is that people are smart, and they see it happening, and they know, and they feel that the system is rigged against them. And in that context, people revolt against the system. This doesn’t happen through some sort of mass uprising. What the people do is they look for a leader, they look for someone who will help them overthrow the oligarchy.
  • The threat for unequal republics is on the one hand oligarchy and then on the other hand tyranny. That is a pretty unfortunate fate in either direction.
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The Push to Make French Gender-Neutral - The Atlantic - 0 views

  • Feminists who believe that these features of the French language put women at a disadvantage disagree about how best to remedy them.
  • It’s not that speaking French makes it impossible for you to conceive of something as gender-neutral, he suggested
  • those studies are limited in that they can’t control for outside factors like culture, which are extremely important in determining sexist attitudes.
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  • The statement also warned that inclusive writing would “destroy” the promises of the Francophonie (the linguistic zone encompassing all countries that use French at the administrative level, or whose first or majority language is French).
  • this subject is still on the margins of cognitive science and linguistics research, and critics of inclusive writing say that not enough work has been done to prove conclusively that changing a language will improve gender equality.
  • also the speakers of minority languages in France (like Catalan, Occitan, and Gascon), who have always used the median-period as a phonetic marker.
  • So the uproar was almost instantaneous when, this fall, the first-ever school textbook promoting a gender-neutral version of French was released.
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How Social Networks Drive Black Unemployment - NYTimes.com - 0 views

  • for African-Americans, the pain continues — over 13 percent of black workers are unemployed, nearly twice the national average. And that’s not a new development: regardless of the economy, job prospects for African-Americans have long been significantly worse than for the country as a whole.
  • The most obvious explanation for this entrenched disparity is racial discrimination. But in my research I have found a somewhat different culprit: favoritism.
  • The mechanism that reproduces inequality, in other words, may be inclusion more than exclusion. And while exclusion or discrimination is illegal, inclusion or favoritism is not — meaning it can be more insidious and largely immune to legal challenges.
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  • Favoritism is almost universal in today’s job market. In interviews with hundreds of people on this topic, I found that all but a handful used the help of family and friends to find 70 percent of the jobs they held over their lifetimes; they all used personal networks and insider information if it was available to them.
  • the idea that there is a job “market” based solely on skills, qualifications and merit is false. Whenever possible, Americans seeking jobs try to avoid market competition: they look for unequal rather than equal opportunity
  • Inequality reproduces itself because help is typically reserved for people who are “like me”: the people who live in my neighborhood, those who attend my church or school or those with whom I have worked in the past
  • just as opportunities are unequally distributed, they are also unequally redistributed.
  • Seeing contemporary labor-market politics through the lens of favoritism, rather than discrimination alone, is revealing. It explains, for example, why even though the majority of all Americans, including whites, support civil rights in principle, there is widespread opposition on the part of many whites to affirmative action policies
  • my research demonstrated that the real complaint is that affirmative action undermines long-established patterns of favoritism.
  • The interviewees in my study who were most angry about affirmative action were those who had relatively fewer marketable skills — and were therefore most dependent on getting an inside edge for the best jobs.
  • whites helping other whites is not the same as discrimination, and it is not illegal. Yet it may have a powerful effect on the access that African-Americans and other minorities have to good jobs, or even to the job market itself.
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World's eight richest people have same wealth as poorest 50% | Business | The Guardian - 0 views

  • The world’s eight richest billionaires control the same wealth between them as the poorest half of the globe’s population
  • , Oxfam said it was “beyond grotesque” that a handful of rich men headed by the Microsoft founder Bill Gates are worth $426bn (£350bn), equivalent to the wealth of 3.6 billion people.
  • The development charity called for a new economic model to reverse an inequality trend that it said helped to explain Brexit and Donald Trump’s victory in the US presidential election.
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  • Oxfam blamed rising inequality on aggressive wage restraint, tax dodging and the squeezing of producers by companies, adding that businesses were too focused on delivering ever-higher returns to wealthy owners and top executives.
  • The World Economic Forum (WEF) said last week that rising inequality and social polarisation posed two of the biggest risks to the global economy in 2017 and could result in the rolling back of globalisation.
  • Oxfam said the world’s poorest 50% owned the same in assets as the $426bn owned by a group headed by Gates, Amancio Ortega, the founder of the Spanish fashion chain Zara, and Warren Buffett, the renowned investor and chief executive of Berkshire Hathaway.
  • The others are Carlos Slim Helú: the Mexican telecoms tycoon and owner of conglomerate Grupo Carso; Jeff Bezos: the founder of Amazon; Mark Zuckerberg: the founder of Facebook; Larry Ellison, chief executive of US tech firm Oracle; and Michael Bloomberg; a former mayor of New York and founder and owner of the Bloomberg news and financial information service.
  • “While one in nine people on the planet will go to bed hungry tonight, a small handful of billionaires have so much wealth they would need several lifetimes to spend it. The fact that a super-rich elite are able to prosper at the expense of the rest of us at home and overseas shows how warped our economy has become.”
  • Last year, Oxfam said the world’s 62 richest billionaires were as wealthy as half the world’s population. However, the number has dropped to eight in 2017 because new information shows that poverty in China and India is worse than previously thought
  • The body that organises the Davos event said rising inequality was not an “iron law of capitalism”, but a matter of making the right policy choices.
  • The WEF report found that 51% of the 103 countries for which data was available saw their inclusive development index scores decline over the past five years, “attesting to the legitimacy of public concern and the challenge facing policymakers regarding the difficulty of translating economic growth into broad social progress”.
  • the vast majority of people in the bottom half of the world’s population were facing a daily struggle to survive, with 70% of them living in low-income countries.
  • “From Brexit to the success of Donald Trump’s presidential campaign, a worrying rise in racism and the widespread disillusionment with mainstream politics, there are increasing signs that more and more people in rich countries are no longer willing to tolerate the status quo,” the report said.
  • the WEF released its own inclusive growth and development report in which it said median income had fallen by an average of 2.4% between 2008 and 2013 across 26 advanced nations.
  • The Oxfam report added that since 2015 the richest 1% has owned more wealth than the rest of the planet. It said that over the next 20 years, 500 people will hand over $2.1tn to their heirs – a sum larger than the annual GDP of India, a country with 1.3 billion people. Between 1988 and 2011 the incomes of the poorest 10% increased by just $65, while the incomes of the richest 1% grew by $11,800 – 182 times as much.
  • Oxfam called for fundamental change to ensure that economies worked for everyone, not just “a privileged few”.
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In Year of Anti-Muslim Vitriol, Brands Promote Inclusion - 0 views

  •  
    It was "a glimmer of hope in the midst of a greatly traumatic year for Muslims," said Mona Haydar, an American poet and activist who appeared in a recent Microsoft commercial with a variety of community leaders, including a transgender teenager and a white policeman.
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