Tag Archives | disparity

As Economic Disparity Widens, Dollar Store Business Booms

By Steve Snodgrass via Flickr. (CC BY 2.0)

By Steve Snodgrass via Flickr. (CC BY 2.0)

via The New Yorker (please follow the link to read the entire piece):

Every three years, the Federal Reserve conducts a survey to get a measure of how American families are doing financially. In the latest results, which were published last week, the Fed revealed that, between 2010 and 2013, the disparity between the rich and the poor had widened. This conclusion wasn’t all that surprising; other research has shown more or less the same thing. But the Fed’s report offered some striking new statistics about the nature of the income gap. Last year in the United States, more than thirty per cent of the income brought in went to the top one per cent of earners, up from twenty-eight per cent three years earlier. And across the surveyed period the share earned by the bottom ninety per cent fell, from fifty-six per cent to fifty-three per cent.

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Is it Time to Call “Capitalism” an Existential Threat?

Picture: Lepo Rello (CC)

Picture: Lepo Rello (CC)

Khannea Suntzu writes:

A few years ago I argued that rampant disparity in terms of affluence and poverty (or opportunity versus marginalization) in the world might be interpreted as an existential risk. In other words, a very large number of human beings might literally be pushed in to premature death by the combination of (a) disparity and (b) accelerating technologies. My point in 2007 was that technology is increasingly something that more rich people “purchase” (or invest in), and reap benefits from. So in effect I argued that at some point in the none too distant future technology might create products only for people who have money; lots of people would be without jobs and effectively unable to generate any meaningful income, and be displaced from the basic range of essential goods and services to literally survive.

This point was in some other form made by Jeremy Rifkin, Marshall Brain, Thomas Frey, Frederico Pistono and several others, and each placed the emphasis a little differently.

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A Manifesto Against Truth

Picture: Ardfern (CC)

Mikhail Lyubansky, Ph.D, writing in Psychology Today, from 2011:

The problem with truth is that it can be just as destructive as a lie, sometimes more so.

This is self-evident for most adults. That’s why we have the concept and vocabulary of a “white lie” (and yes, even our language has racist overtones).

Yet, when it comes to racism and anti-Semitism, “truth” and “facts” are frequently assumed to trump any other argument. They don’t.

Consider this a manifesto against truth.

Don’t get me wrong: I like verifiable, data-supported facts as much as the next person, perhaps more than many, given my training and background in research.  Even so, I have issues with “truth” — serious issues.

Here are my Top 3:

#1 There is rarely a single truth. Philosophers have long observed that our reality — our “truth” — is strongly influenced (if not outright determined) by one’s perspective or point of view.

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