130 posts tagged with Inequality.
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10 things to know about progress in international development

10 things to know about progress in international development (.pdf) Around the world, amazing progress is being made. More than 1 billion people have been lifted out of extreme poverty since 1990, with major gains made in health and education and in other areas that contribute to human well-being.

Lots of problems remain of course. And you can still be very poor and not be below the $1.25 (in $2005) line. But a big deal.
posted by hawthorne on Jan 23, 2016 - 9 comments

UBI in NYT

It's Payback Time for Women - "Society is getting a free ride on our unrewarded contributions to the perpetuation of the human race." (via) [more inside]
posted by kliuless on Jan 11, 2016 - 79 comments

The Unseen Threat of Capital Mobility

For the Wealthiest, a Private Tax System That Saves Them Billions -"The very richest are able to quietly shape tax policy that will allow them to shield billions in income." (via) [more inside]
posted by kliuless on Jan 4, 2016 - 31 comments

Happy New Year from the manufacturers of economic inequality

Venture capitalist Paul Graham starts 2016 with an essay on Economic Inequality
Since the 1970s, economic inequality in the US has increased dramatically. And in particular, the rich have gotten a lot richer. Some worry this is a sign the country is broken. I'm interested in the topic because I am a manufacturer of economic inequality. I've become an expert on how to increase economic inequality, and I've spent the past decade working hard to do it.
[more inside]
posted by nickrussell on Jan 3, 2016 - 88 comments

Inequality impacts retailers too

High-end malls are doing just great. It’s malls in middle-class communities geared to middle-income customers that are suffering from high vacancy rates and failing tenants. [more inside]
posted by cynical pinnacle on Dec 23, 2015 - 33 comments

Where "schools aren’t a place to learn, they’re a place to fear."

In 2007, the Pinellas County, Florida School Board abandoned integration, joining hundreds of US school districts in former Confederacy states that have resegregated since 2000. The Board justified the vote with bold promises: Schools in poor, black neighborhoods would get more money, more staff, more resources -- none of which happened. This past August, the Tampa Bay Times published an exposé, revealing how district leaders turned five once-average schools into Failure Factories. [more inside]
posted by zarq on Dec 18, 2015 - 62 comments

Divided We Fall

Kentucky counties with highest Medicaid rates backed Matt Bevin, who plans to cut Medicaid
Owsley County, one of the nation's poorest places [prev], neatly fit the trend. Nearly 1,000 of its 4,508 residents got health insurance after Democratic Gov. Steve Beshear established Kynect two years ago and expanded Medicaid to include people up to 138 percent of the poverty level, which is $16,105 a year for an individual. Newly insured people started to visit the Owsley County Medical Clinic on the outskirts of Booneville. They desperately needed medical care. Even by Kentucky's lax standards, Owsley has high rates of obesity, smoking and poor nutrition, and as a result, greater than normal incidences of cancer, heart disease and diabetes. Some patients wept with relief as longtime ailments finally were treated, clinic officials said. [...] The community's largest-circulation newspaper, the Three Forks Tradition in Beattyville, did not say much about Kynect ahead of the election. Instead, its editorials roasted Obama and Hillary Clinton, gay marriage, Islam, "liberal race peddlers," "liberal media," black criminals and "the radical Black Lives Matter movement."
Owsley County voted for Bevin, a Tea Party businessman who vowed to dismantle Kynect, by a 70-25 margin. [more inside]
posted by Rhaomi on Nov 15, 2015 - 91 comments

Faced with gaping moral and economic holes in society

Rewrite the rules to benefit everyone, not just the wealthy - "If there's one thing Joseph Stiglitz wants to say about inequality, it's that it has been a choice, not an unexpected, unfortunate economic outcome. That's unnerving, but it also means that citizens and politicians have the opportunity to fix the problem before it gets worse." (via) [more inside]
posted by kliuless on Nov 11, 2015 - 112 comments

A Handout Is The Best Hand Up

A generation of evidence affirms cash transfers as among the most powerful means of eliminating extreme poverty in the world. Transfers of money, along with transfers of food vouchers, have seen Brazilian inequality plummet alongside the numbers of the very poor.
posted by blankdawn on Nov 9, 2015 - 46 comments

Desire Modification in the Attention Economy

The Future of (Post)Capitalism - "Paul Mason shows how, from the ashes of the recent financial crisis, we have the chance to create a more socially just and sustainable global economy." (previously; via) [more inside]
posted by kliuless on Nov 4, 2015 - 22 comments

“Everyone calls us the Crook Islands now,” he said.

I was lucky that he merely threatened me. A journalist from Newsweek actually was deported from a different tax-haven island (Jersey) for her reporting there, and was banned from re-entering the island, or any part of the U.K., for nearly two years. Even though her story was unrelated to the financial-services industry, it was expected to bring negative publicity to the island, threatening its reputation as a place to do business. The message was therefore quashed by banishment of the messenger. The wealth-management industry does not mess around. Inside the Secretive World of Tax-Avoidance Experts.
posted by Rustic Etruscan on Oct 29, 2015 - 25 comments

Getting to the Point with Senator Elizabeth Warren

Senator Elizabeth Warren addresses the Edward M. Kennedy Insitute for the United States Senate on the subject of inequality in the US. Transcript [but her delivery is so terrific, watch the video, really. -ed.] Slate reflects on the speech. [more inside]
posted by hippybear on Oct 1, 2015 - 41 comments

Basic Income: How to Fix a Broken Monetary Transmission Mechanism

FINLAND: New Government Commits to a Basic Income Experiment - "The Finnish government of Juha Sipilä is considering a pilot project that would give everyone of working age a basic income."[1,2,3] (via) [more inside]
posted by kliuless on Sep 4, 2015 - 24 comments

The road to pigmentocracy

It was ‘invisibilization’. The discourse was that we don’t have race in Brazil, so you don’t have race problems in Brazil...”
Brazil is combating many kinds of inequality. But one of the world’s most diverse nations is still just beginning to talk about race.
posted by adamvasco on Aug 2, 2015 - 7 comments

"The practice is called "pay or stay" — pay the fine or stay in jail."

Supreme Court Ruling Not Enough To Prevent Debtors Prisons Judge Robert Swisher, a Superior Court judge in Benton County, says he'll make judgments based on how people present themselves in court. "They come in wearing expensive jackets," he says referring to defendants who wear NFL football team jackets, "or maybe a thousand dollars' worth of tattoos on their arms. And they say, 'I'm just living on handouts.' " If the jacket or tattoos were a gift, he tells the defendants they should have asked the giver for the cash to pay their court fees instead.
[more inside] posted by sio42 on Jun 4, 2015 - 54 comments

How to fix inequality: Squash the finance industry and redistribute more

Joe Stiglitz on Inequality, Wealth, and Growth: Why Capitalism is Failing (video; if you don't have 30m, skip to 20m for discussion of political inequality, wealth, credit and monetary policy) - "If the very rich can use their position to get higher returns, more investment information, more extraction of rents, and if the very rich have equal or higher savings rates, then wealth will become more concentrated... economic inequality inevitably gets translated into political inequality, and political inequality gets translated into more economic inequality. The basic and really important idea here is that markets don't exist in a vacuum, that market economies operate according to certain rules, certain regulations that specify how they work. And those effect the efficiency of those markets, but they also effect how the fruits of the benefits of those markets are distributed and the result of that is there are large numbers of aspects of our basic economic framework that in recent years have worked to increase the inequality of wealth and income in our society... leading to a society which can be better described, increasingly, as an inherited plutocracy." [more inside]
posted by kliuless on Jun 2, 2015 - 27 comments

The Shape of Inequality

Can YOU recognize the shape of inequality in America? Most can't. [more inside]
posted by ourt on May 20, 2015 - 105 comments

America's Teachers are Underpaid? Surprise, surprise.

The top 25 hedge fund managers earn more than all kindergarten teachers in U.S. combined. "'Last year turned out to be the worst one for this elite group of investors since the stock market meltdown of 2008,' Institutional Investors' Stephen Taub writes, adding, 'How bad was it?' apparently without irony." [more inside]
posted by ourt on May 13, 2015 - 82 comments

Do women have to be naked to get into the Met. Museum?

"The Whitney museum says, 'Isn't it wonderful – we have 30% women in the new collection!'" says the activist known as Frida Kahlo. "And we're saying, why is that something to be happy about – 30%? Where is the other 20?" The Guerrilla Girls: 30 years of punking art world sexism (Emma Brockes, The Guardian); previously on MetaFilter.
posted by joseph conrad is fully awesome on May 5, 2015 - 8 comments

Short-Termism, Secular Stagnation and Political Decay

Foundation: Public Goods and Options for the Bottom Billions - "Human beings just don't handle the very long run well" and that's where government increasingly comes in... (via) [more inside]
posted by kliuless on Apr 23, 2015 - 6 comments

Let Them Eat Privilege

The one percent isn’t some amorphous boogeyman inside all of us... It’s a very real class. And we don’t need a list of cultural “symptoms” of one-percent-style privilege to figure out who they are. Just run the numbers. If your household — or to be generous, the one you grew up in — makes an adjusted gross income of at least $343,000, you are, in fact, the one percent. Even if you smoke meth, went to boot camp, and are on your third marriage. Yes, even if most of your friends didn’t finish college and live kinda far from a Whole Foods. Now, if you or the household you grew up in make an adjusted gross income of less than $340,000, you are, technically, the 99 percent.
Let Them Eat Privilege
posted by y2karl on Apr 22, 2015 - 62 comments

The Failure of Multiculturalism by Kenan Malik

The Failure of Multiculturalism - Community Versus Society in Europe
Thirty years ago, many Europeans saw multiculturalism—the embrace of an inclusive, diverse society—as an answer to Europe’s social problems. Today, a growing number consider it to be a cause of them.
[more inside] posted by Golden Eternity on Apr 15, 2015 - 86 comments

Chinese Christianity

Religion in China: Cracks in the atheist edifice - "Yang Fenggang of Purdue University, in Indiana, says the Christian church in China has grown by an average of 10% a year since 1980. He reckons that on current trends there will be 250m Christians by around 2030, making China's Christian population the largest in the world. Mr Yang says this speed of growth is similar to that seen in fourth-century Rome just before the conversion of Constantine, which paved the way for Christianity to become the religion of his empire." [more inside]
posted by kliuless on Feb 1, 2015 - 47 comments

[GREEN] JOBS FOR ALL

Let Us Face the Future - "All parties pay lip service to the idea of jobs for all. All parties are ready to promise to achieve that end by keeping up the national purchasing power and controlling changes in the national expenditure through Government action. Where agreement ceases is in the degree of control of private industry that is necessary to achieve the desired end. In hard fact, the success of a full employment programme will certainly turn upon the firmness and success with which the Government fits into that programme the investment and development policies of private as well as public industry." [more inside]
posted by kliuless on Jan 29, 2015 - 10 comments

It's 2015 and inequality looks like it's going to be here for a while

Oxfam's latest report ahead of the World Economics Forum in Davos says that "by next year, 1% of the world’s population will own more wealth than the other 99%." [more inside]
posted by mostly vowels on Jan 19, 2015 - 126 comments

That Annie should magically combine meekness and moxie is so important.

The Teflon Kid: How ANNIE enables apathy about inequality.
Little Orphan Annie on going to public school for free (November 8, 1935 comic strip):
"Free!" Hun~ Nothin' is free -- It all costs somebody-- Too many people are livin' "free" off o' other people -- I'll keep trying to earn my way. [more inside]
posted by spamandkimchi on Jan 17, 2015 - 36 comments

Can Capitalism and Democracy Coexist?

In a wide-ranging discussion about democracy, capitalism, and the American body politic; Chris Hedges interviews political theorist Sheldon Wolin in eight parts. (via) (previously) [more inside]
posted by AElfwine Evenstar on Nov 11, 2014 - 38 comments

I don’t think I was born white. I think white children are manufactured.

Quinn Norton: The White Problem & How White People Got Made [more inside]
posted by flex on Nov 5, 2014 - 24 comments

Gender-Based Prize Money Differences In Sport

A BBC Sport study into prize money found 30% of sports reward men more highly than women. The biggest disparities in prize money were found in football, cricket, golf, darts, snooker and squash. [more inside]
posted by marienbad on Oct 28, 2014 - 29 comments

Bill Gates reviews a book on inequality

Bill Gates pens a review on Thomas Piketty’s Capital in the Twenty-First Century (multiple previously). He agrees with the book's central thesis on the problem of high levels of inequality and the need for government role that the market alone cannot solve, and calls upon the imposition of a progressive consumption tax, rather than a tax on capital as Piketty proposes.
posted by Apocryphon on Oct 16, 2014 - 153 comments

The Social Construction of Money (Wealth/Capital in the 21st Century)*

The political economy of a universal basic income: "your view of what is feasible should not be backwards looking. The normalization of gay marriage and legalization of marijuana seemed utopian and politically impossible until very recently. Yet in fact those developments are happening, and their expansion is almost inevitable given the demographics of ideology... UBI — defined precisely as periodic transfers of identical fixed dollar amounts to all citizens of the polity — is by far the most probable and politically achievable among policies that might effectively address problems of inequality, socioeconomic fragmentation, and economic stagnation." [more inside]
posted by kliuless on Sep 19, 2014 - 62 comments

It presumably refers to either a kind of sofa or a kind of birth control

The Upshot asked: Where are the hardest places to live in the U.S.? (A bit more on the ranking.) Now, given continuing economic divergence (previously): What do the two Americas search for?
posted by psoas on Aug 19, 2014 - 42 comments

The nation's top colleges are turning our kids into zombies.

It's hardly breaking news, but more and more people are questioning the race to the Ivy League that in some cases begins as early as preschool. And in addition to perpetuating the increasingly-rigid class structure in the US, the Ivy League colleges are inadvertently creating and admitting students who have no idea how to really take advantage of the resources available to them. So writes William Deresiewicz in his article, "Don't Send Your Kid to the Ivy League" from the New Republic:
So extreme are the admission standards now that kids who manage to get into elite colleges have, by definition, never experienced anything but success. The prospect of not being successful terrifies them, disorients them. The cost of falling short, even temporarily, becomes not merely practical, but existential. The result is a violent aversion to risk. You have no margin for error, so you avoid the possibility that you will ever make an error. Once, a student at Pomona told me that she’d love to have a chance to think about the things she’s studying, only she doesn’t have the time. I asked her if she had ever considered not trying to get an A in every class. She looked at me as if I had made an indecent suggestion.
See also Deresiewicz's earlier article, "The Disadvantages of an Elite Education" from American Scholar, previously discussed on the blue.
posted by math on Jul 23, 2014 - 138 comments

Utility, welfare, and efficiency

  1. Welfare economics: an introduction
  2. The perils of Potential Pareto
  3. Inequality, production, and technology
  4. Welfare theorems, distribution priority, and market clearing
  5. Normative is performative, not positive

posted by kliuless on Jul 7, 2014 - 7 comments

"Maybe I’ll start a fly and broke tumblr or something."

Fat-Booty Butch Buys A Suit On A Budget.
I’m a brown dyke living in the Bronx, working 40 hours a week at an non-profit arts center. I’m finally with it enough to pay all my bills on time, if at all. I’ve got a roof over my head and some change in my savings account. I’m not complaining. It’s been worse for me but fuck, just having a job feels like a blessing sometimes. Living in this city makes it feel like I’m scraping by with every penny just to live. My play money is tight and I don’t know how to sew. I wear clothes until they’ve given up on life and I’m not ashamed. I often wonder how regular people buy new clothes all the time. Clothes in the hood and at super-low discount shops never seem to last very long. Fancy clothes cost so much, like why isn’t everyone just running around in cloth diapers? What is someone like me supposed to do when they need to look good in real life?
[more inside] posted by Lexica on Jul 3, 2014 - 26 comments

The modern American realist novel in a time of r>g

In the LA Review of Books, Stephen Marche reflects upon the Literature of the Second Gilded Age. In his recently published book, Capital in the Twenty-First Century, economist Thomas Piketty argues that when r>g, that is, when an economy's annual rate of return on capital exceeds the economy's annual rate of growth, wealth inequality tends to increase, and that this condition has held both during the 19th century and since around the latter quarter of the 20th century. Unusually for an economics book, Piketty's work makes reference to several pre 20th-century works of fiction. Stephen Marche discusses role of this literature in Piketty's book. He goes on to critique the modern American social-realist novel. Although these books are not discussed by Piketty, according to Piketty's research they too pertain to a time in which r>g. Marche however accuses the more modern literature of being a "restrained, aspirational product" with "most of its sting removed".
posted by mister_kaupungister on Jun 24, 2014 - 15 comments

Dear Marc Andreessen

"Hi, Marc... You seem to think everyone's worried about robots. But what everyone's worried about is you, Marc. Not just you, but people like you. Robots aren't at the levers of financial and political influence today, but folks like you sure are. People are scared of so much wealth and control being in so few hands... Unless we collectively choose to pay for a safety net, technology alone isn't going to make it happen." [more inside]
posted by kliuless on Jun 18, 2014 - 50 comments

“bordering on a sense of alarm” toward the opposite party

This PewResearch animation graphically shows the growing polarization among US voters during the past 15 years. Part of a 121 page pdf. Pew doesn't address why polarization is happening, but the pundits will try: "Voters are becoming angrier because living standards are falling and the middle class is shriveling." Democrats blame corporations, Republicans blame the government and the Dallas Fed blames robots. [more inside]
posted by stbalbach on Jun 16, 2014 - 213 comments

At least someone can afford to pay down their debts.

Student Debt Grows Faster at Universities With Highest-Paid Leaders, Study Finds (SLNYT) 'At the 25 public universities with the highest-paid presidents, both student debt and the use of part-time adjunct faculty grew far faster than at the average state university from 2005 to 2012...The study, “The One Percent at State U: How University Presidents Profit from Rising Student Debt and Low-Wage Faculty Labor,” examined the relationship between executive pay, student debt and low-wage faculty labor at the 25 top-paying public universities.' Report here.
posted by MisantropicPainforest on May 19, 2014 - 24 comments

Sunday Times Rich List 'wealthier than ever'

"Britain's richest people are wealthier than ever before, with a combined fortune of almost £520bn, according to the Sunday Times Rich List. The total wealth of the richest 1,000 individuals, couples or families jumped 15% in a year, the survey said. Wealth expert Philip Beresford, who compiled the list, said he had never before seen such a "phenomenal" rise in personal fortune... Mr Beresford said: "The richest people in Britain have had an astonishing year. While some may criticise them, many of these people are at the heart of the economy and their success brings more jobs and more wealth for the country." - The total figure for the Rich List is equivalent to a third of the UK's gross domestic product."
posted by marienbad on May 18, 2014 - 44 comments

Higher self-perceived attractiveness increases support for inequality

"seeing yourself as physically attractive leads you to believe you belong in a higher social class," according to a recent study by Peter Belmi and Margaret Neale of Stanford Graduate School of Business. Through a series of five studies, they found that "self-perceived attractiveness shaped people's social class perceptions, which in turn, influenced how people responded to inequality and social hierarchies." For example, higher self-perceived attractiveness "reduced donations to a movement advocating for social equality," while lower self-perceived attractiveness led to "greater rejection of inequality and social hierarchies."
posted by needled on Apr 24, 2014 - 45 comments

Harmonized data sets with varying sample sizes....

The American Middle Class Is No Longer the World’s Richest. The American middle class, long the most affluent in the world, has lost that distinction. Comparing income by country. About the data.
posted by blue_beetle on Apr 23, 2014 - 38 comments

Evenly distribute the future: Issuing more bio-survival tickets

VC for the people - "It's just that people who have options are much more likely to actually find success than people who don't." [more inside]
posted by kliuless on Apr 18, 2014 - 20 comments

A Report From The Front

TechCrunch's Kim-Mai Cutler delivers a 12,000-word deep-dive on San Francisco's Housing Crisis. Touching on: rent control, the Ellis Act, Dianne Feinstein, the mission, the Fillmore, Angelo Sangiacomo, Howard Jarvis, the failure of the Greater San Francisco movement, the perfidy if the Mountain View city council, and the Byzantine machinations behind the Twitter tax. If some of those names are unfamiliar to you, strap in: the story of San Francisco's property law may have found its Gibbon.
posted by Diablevert on Apr 15, 2014 - 96 comments

Everything old is new again

Why We’re in a New Gilded Age Paul Krugman reviews Capital in the Twenty-First Century by Thomas Piketty, and discusses the renewal of the importance of capital in preserving inequality across generations.
posted by jaduncan on Apr 15, 2014 - 131 comments

Decaying London properties of the rich, and otherwise.

In 2013, 85% of new houses in London were sold to non-UK buyers. Many stand empty and decaying, held as investments instead of homes. On the other end of the scale, desperate renters turn to leaking barges on the Thames.
posted by bitmage on Apr 6, 2014 - 102 comments

Inequality Kills

For nearly two hundred years America was one of the healthiest and longest-lived countries, but today, over thirty countries have better health by many measures. What happened? "If the culprit of the decline in health is not health care, are individual health-related behaviors, often blamed for the high death rates in some groups, causing our low ranking in health? Apparently not." [more inside]
posted by MisantropicPainforest on Apr 3, 2014 - 77 comments

Who Had Richer Parents, Doctors Or Artists?

What's the link between household income during childhood and job choice during adulthood? Stats and pretty graphs ahoy!
posted by forza on Mar 20, 2014 - 44 comments

Aggregate Demand Management: "pass a law allowing the Fed to cut checks"

Free Money for Everyone - "A wacky-sounding idea with surprisingly conservative roots may be our best hope for escaping endless, grinding economic stagnation." (via) [more inside]
posted by kliuless on Mar 16, 2014 - 19 comments

Make Everything Awesome For Everybody: Bridging The CP Snow-Style Divide

The Two Cultures and the Scientific Revolution - "[Charles Percy Snow] was pleading for a more adequately educated ruling class so that the suffering of the poor might be ameliorated... Snow wanted to believe something like this: political decisions in the modern world often concern how to deploy science and technology, so people well-trained in science and technology will be better prepared to make those decisions. But that's a syllogism without a minor premise." (previously) [more inside]
posted by kliuless on Mar 15, 2014 - 37 comments

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