Thursday, October 3, 2013

Gee, Ya Think?

Indicators as diverse as happiness, mental illness, infant mortality, children’s educational performance, teenage pregnancy, homicide, imprisonment, social trust and social mobility all get worse as the income gaps within society deepen.

The reigning economic orthodoxy assumes the distribution of income reflects “market forces” and “productivity,” but history confirms distribution is actually shaped by the power institutions of society. (Source)
 The source quote is from an article about Canada, but it applies to the U.S. in spades. It's really quite simple: with just a few fat cats high on the hog, automatically millions upon millions are bunched around the pig's feet, where it's dirty and squalid, unsafe and nasty. This translates to social ills. The market? It's a flimsy rationale to justify control of wealth by the powerful. There are no invisible hands.

                                                                           
“Indicators as diverse as happiness, mental illness, infant mortality, children’s educational performance, teenage pregnancy, homicide, imprisonment, social trust and social mobility all get worse as the income gaps within society deepen.”
Jordan Brennan and Jim Stanford, Toronto Star, September 26, 2013 - See more at: http://toomuchonline.org/#sthash.RPbAMpVt.dpuf
“Indicators as diverse as happiness, mental illness, infant mortality, children’s educational performance, teenage pregnancy, homicide, imprisonment, social trust and social mobility all get worse as the income gaps within society deepen.”
Jordan Brennan and Jim Stanford, Toronto Star, September 26, 2013 - See more at: http://toomuchonline.org/#sthash.RPbAMpVt.dpuf
“Indicators as diverse as happiness, mental illness, infant mortality, children’s educational performance, teenage pregnancy, homicide, imprisonment, social trust and social mobility all get worse as the income gaps within society deepen.”
Jordan Brennan and Jim Stanford, Toronto Star, September 26, 2013 - See more at: http://toomuchonline.org/#sthash.RPbAMpVt.dpuf
Post a Comment