Plutocracy
Dec. 15th, 2010 07:47 amThe split between the Rich and everyone else has always been an issue in human society. There are many who argue that this split is a driving force of social instability. (I'm not entirely convinced of this, as I think it only tends to provoke instability when you encounter the inequality. In feudal times, things has some stability because locally things were more equal. I'm not sure if that holds up, though.)
Regardless, I think a lot of what is going on in the US in particular, but in Canada as well, is due to the simple fact that the Rich live in a different world than the rest of us. Privilege blinds, and so decisions that seem insane to normal people make perfect sense if you view things through the eyes of money.
Firstly, it makes it hard to empathize, and The Upper Class has trouble with human emotions.
But ultimately, when talking about trying to fix things, there is the old aphorism of "don't fix it if it ain't broke". And if you are high enough on the ladder, it ain't broke. They are doing fine, so why should they worry about the little people?
In Canada, income inequality in Canada is higher than it has ever been.
Please note: From the beginning of the Second World War to 1977, the income share of the richest one per cent dropped from 14 per cent to 7.7 per cent; By 2007 they'd made a comeback: the richest one per cent held 13.8 per cent of incomes.
In the US, I think it is 24%.
In both cases, I believe Wealth disparities are even higher, of course.
Incidentally, this is why I side with Krugman over Stross somewhat on the "Corporations are alien invaders" idea. Or maybe I split the middle. What Corporations do is allow a framework to make the sociopathy of people more rewarding, self-justifying, and easier. Corporations as people doesn't help the matter, but it isn't the root cause of "I'm important and you're not", which has remained a core of humans being terrible to one another for as long as recorded history.
Regardless, I think a lot of what is going on in the US in particular, but in Canada as well, is due to the simple fact that the Rich live in a different world than the rest of us. Privilege blinds, and so decisions that seem insane to normal people make perfect sense if you view things through the eyes of money.
Firstly, it makes it hard to empathize, and The Upper Class has trouble with human emotions.
But ultimately, when talking about trying to fix things, there is the old aphorism of "don't fix it if it ain't broke". And if you are high enough on the ladder, it ain't broke. They are doing fine, so why should they worry about the little people?
In Canada, income inequality in Canada is higher than it has ever been.
Please note: From the beginning of the Second World War to 1977, the income share of the richest one per cent dropped from 14 per cent to 7.7 per cent; By 2007 they'd made a comeback: the richest one per cent held 13.8 per cent of incomes.
In the US, I think it is 24%.
In both cases, I believe Wealth disparities are even higher, of course.
Incidentally, this is why I side with Krugman over Stross somewhat on the "Corporations are alien invaders" idea. Or maybe I split the middle. What Corporations do is allow a framework to make the sociopathy of people more rewarding, self-justifying, and easier. Corporations as people doesn't help the matter, but it isn't the root cause of "I'm important and you're not", which has remained a core of humans being terrible to one another for as long as recorded history.