This and that for your weekend reading.
- Reviewing Darrell West's
Billionaires, Michael Lewis
discusses
how extreme wealth doesn't make anybody better off - including the
people fighting for position at the top of the wealth spectrum:
A team of researchers at the New York State
Psychiatric Institute surveyed 43,000 Americans and found that, by some
wide margin, the rich were more likely to shoplift than the poor.
Another study, by a coalition of nonprofits called the Independent
Sector, revealed that people with incomes below twenty-five grand give
away, on average, 4.2 percent of their income, while those earning more
than 150 grand a year give away only 2.7 percent. A UCLA neuroscientist
named Keely Muscatell has published an interesting paper showing that
wealth quiets the nerves in the brain associated with empathy: if you
show rich people and poor people pictures of kids with cancer, the poor
people’s brains exhibit a great deal more activity than the rich
people’s. (An inability to empathize with others has just got to be a
disadvantage for any rich person seeking political office, at least
outside of New York City.) “As you move up the class ladder,” says
Keltner, “you are more likely to violate the rules of the road, to lie,
to cheat, to take candy from kids, to shoplift, and to be tightfisted in
giving to others. Straightforward economic analyses have trouble making
sense of this pattern of results.”
There is
an obvious chicken-and-egg question to ask here. But it is beginning to
seem that the problem isn’t that the kind of people who wind up on the
pleasant side of inequality suffer from some moral disability that gives
them a market edge. The problem is caused by the inequality itself: it
triggers a chemical reaction in the privileged few. It tilts their
brains. It causes them to be less likely to care about anyone but
themselves or to experience the moral sentiments needed to be a decent
citizen.
Or even a happy one. Not long ago an
enterprising professor at the Harvard Business School named Mike Norton
persuaded a big investment bank to let him survey the bank’s rich
clients. (The poor people in the survey were millionaires.) In a
forthcoming paper, Norton and his colleagues track the effects of
getting money on the happiness of people who already have a lot of it: a
rich person getting even richer experiences zero gain in happiness.
That’s not all that surprising; it’s what Norton asked next that led to
an interesting insight. He asked these rich people how happy they were
at any given moment. Then he asked them how much money they would need
to be even happier. “All of them said they needed two to three times
more than they had to feel happier,” says Norton. The evidence
overwhelmingly suggests that money, above a certain modest sum, does not
have the power to buy happiness, and yet even very rich people continue
to believe that it does: the happiness will come from the money they
don’t yet have. To the general rule that money, above a certain low
level, cannot buy happiness there is one exception. “While spending
money upon oneself does nothing for one’s happiness,” says Norton,
“spending it on others increases happiness.”
- Lucinda Platt
discusses the devastating effects of poverty on childhood development - while noting that more than half of children experience poverty at some point.
- CBC News
reports on the continued growth of food bank use in Saskatchewan - a fact which seems to be entirely in keeping with Brad Wall's
plans. And Will Chabun
reports on a new CCPA/Parkland Institute
study showing that the Sask Party's determination to privatize liquor sales will make it far more difficult to fund adequate social programs or other public priorities in the future.
- Meanwhile, thwap
highlights how we face both constant demands to borrow for the sake of meeting consumer expectations, and severe punishments for giving in to that pressure.
- Kathleen Mogelgaard
examines what's needed for a climate change summit to be successful. And the Cons'
familiar distraction tactics (with the obvious goal of continuing to facilitate pollution from the tar sands) have absolutely no place in accomplishing anything useful - while their international lobbying to avoid having anybody else make up for the Cons' negligence may not be
working out as planned.
- Finally, Ian Welsh
writes that while it might seem obvious that police violence should be discouraged and punished, the complete lack of consequences for police officers killing civilians reflects an authoritarian culture working as intended rather than a failure of the system in its present form.