If you missed this when it was circulating on Facebook recently, please take a little time to watch this very well-done short video illustrating the reality of income inequality in the United States - compared to what US citizens think it is, and what they wish it was...
What is remarkable is that it is very non-partisan and actually shows that people across party lines have a lot of common ground in their vision of what a reasonable income distribution curve might look like.
http://www.upworthy.com/9-out-of-10-americans-are-completely-wrong-about-this-mind-blowing-fact-2
Monday, November 18, 2013
Friday, November 15, 2013
A great time to be a billionaire
Thanks to Conversation Leader and Facilitator Maura Conlon-McIvor who sent in this well-written opinion piece on income inequality,
Billionaire's Row and Welfare Lines.
The essay calls attention to the horrifying facts about Child poverty in the US and the efforts of our Congress to cut food assistance to poor families:
"The number of Americans now enrolled in the Supplemental Nutrition Assistance Program (SNAP) is near record highs, and yet both houses of Congress have passed bills to cut funding to the program. The Senate measure would cut about $4 billion, while the House measure would cut roughly ten times as much, dropping millions of Americans from the program."
Author Charles Blow concludes what we all must conclude: "There is an inherent tension — and obscenity — in the wildly divergent fortunes of the rich and the poor in this country, especially among our children. The growing imbalance of both wealth and opportunity cannot be sustained. Something has to give."
Indeed. Something has to give. Let it not be the children on whom our future depends.
Billionaire's Row and Welfare Lines.
The essay calls attention to the horrifying facts about Child poverty in the US and the efforts of our Congress to cut food assistance to poor families:
"The number of Americans now enrolled in the Supplemental Nutrition Assistance Program (SNAP) is near record highs, and yet both houses of Congress have passed bills to cut funding to the program. The Senate measure would cut about $4 billion, while the House measure would cut roughly ten times as much, dropping millions of Americans from the program."
Author Charles Blow concludes what we all must conclude: "There is an inherent tension — and obscenity — in the wildly divergent fortunes of the rich and the poor in this country, especially among our children. The growing imbalance of both wealth and opportunity cannot be sustained. Something has to give."
Indeed. Something has to give. Let it not be the children on whom our future depends.
Wednesday, November 13, 2013
2012 Gender Gap Report Shows Lot's of Work to Be Done!
Many thanks to all of you who sent articles relating to the recent publication of the 2012 Global Gender Gap Report. It is a disheartening report for us in the US, as it shows the US falling from #17 to #22 out of 135 nations in gender equality.
As the Huff Post piece says: "The one thing these rankings make clear is that there is still a whole lot of work to be done when it comes to creating policies that will give men and women equal opportunities for living economically successful, healthy and politically engaged lives."
And, from the Preface of the report comes this powerful, succinct statement of the relationship between gender equality and economic success:
U.S. Ranks 23rd For Women's Equality, Falling Behind Nicaragua, Cuba, and Burundi | ThinkProgress
http://www.huffingtonpost.com/2012/10/24/global-gender-gap-report-2012-best-worst-countries-women_n_2006395.html
And here's a link to the report itself: http://www3.weforum.org/docs/WEF_GenderGap_Report_2012.pdf
As the Huff Post piece says: "The one thing these rankings make clear is that there is still a whole lot of work to be done when it comes to creating policies that will give men and women equal opportunities for living economically successful, healthy and politically engaged lives."
And, from the Preface of the report comes this powerful, succinct statement of the relationship between gender equality and economic success:
"The key for the future of any country and any institution is the capability to develop, retain and attract the best talent. Women make up one half of the world’s human capital. Empowering and educating girls and women and leveraging their talent and leadership fully in the global economy, politics and society are thus fundamental elements of succeeding and prospering in an ever more competitive world. In particular, with talent shortages projected to become more severe in much of the developed and developing world, maximizing access to female talent is a strategic imperative for business."Here are a couple articles covering the release of the report and it's key findings related to the US:
U.S. Ranks 23rd For Women's Equality, Falling Behind Nicaragua, Cuba, and Burundi | ThinkProgress
http://www.huffingtonpost.com/2012/10/24/global-gender-gap-report-2012-best-worst-countries-women_n_2006395.html
And here's a link to the report itself: http://www3.weforum.org/docs/WEF_GenderGap_Report_2012.pdf
Monday, November 11, 2013
Economics Undergrads Demanding Alternative Theories
Thanks to Conversation Leader Marie Stock (currently in CELP Cohort T) for sending this great article about young people insisting on curriculum shifts to include alternatives to "orthodox" free-market teaching in their economics classes.
Economics students aim to tear up free-market syllabus
Undergraduates at Manchester University propose overhaul of orthodox teachings to embrace alternative theorieshttp://www.theguardian.com/business/2013/oct/24/students-post-crash-economics
Few mainstream economists predicted the global financial crash of 2008 and academics have been accused of acting as cheerleaders for the often labyrinthine financial models behind the crisis. Now a growing band of university students are plotting a quiet revolution against orthodox free-market teaching, arguing that alternative ways of thinking have been pushed to the margins.
Economics undergraduates at the University of Manchester have formed the Post-Crash Economics Society, which they hope will be copied by universities across the country. The organisers criticise university courses for doing little to explain why economists failed to warn about the global financial crisis and for having too heavy a focus on training students for City jobs.
A growing number of top economists, such as Ha-Joon Chang, who teaches economics at Cambridge University, are backing the students.
Next month the society plans to publish a manifesto proposing sweeping reforms to the University of Manchester's curriculum, with the hope that other institutions will follow suit.
Joe Earle, a spokesman for the Post-Crash Economics Society and a final-year undergraduate, said academic departments were "ignoring the crisis" and that, by neglecting global developments and critics of the free market such as Keynes and Marx, the study of economics was "in danger of losing its broader relevance".
Chang, who is a reader in the political economy of development at Cambridge, said he agreed with the society's premise. The teaching of economics was increasingly confined to arcane mathematical models, he said. "Students are not even prepared for the commercial world. Few [students] know what is going on in China and how it influences the global economic situation. Even worse, I've met American students who have never heard of Keynes."
In June a network of young economics students, thinkers and writers set up Rethinking Economics, a campaign group to challenge what they say is the predominant narrative in the subject.
Earle said students across Britain were being taught neoclassical economics "as if it was the only theory".
He said: "It is given such a dominant position in our modules that many students aren't even aware that there are other distinct theories out there that question the assumptions, methodologies and conclusions of the economics we are taught."
Multiple-choice and maths questions dominate the first two years of economics degrees, which Earle said meant most students stayed away from modules that required reading and essay-writing, such as history of economic thought. "They think they just don't have the skills required for those sorts of modules and they don't want to jeopardise their degree," he said. "As a consequence, economics students never develop the faculties necessary to critically question, evaluate and compare economic theories, and enter the working world with a false belief about what economics is and a knowledge base limited to neoclassical theory."
In the decade before the 2008 crash, many economists dismissed warnings that property and stock markets were overvalued. They argued that markets were correctly pricing shares, property and exotic derivatives in line with economic models of behaviour. It was only when the US sub-prime mortgage market unravelled that banks realised a collective failure to spot the bubble had wrecked their finances.
In his 2010 documentary Inside Job, Charles Ferguson highlighted how US academics had produced hundreds of reports in support of the types of high-risk trading and debt-fuelled consumption that triggered the crash.
Some leading economists have criticised university economics teaching, among them Paul Krugman, a Nobel prize winner and professor at Princeton university who has attacked the complacency of economics education in the US.
In an article for the New York Times in 2009, Krugman wrote: "As I see it, the economics profession went astray because economists, as a group, mistook beauty, clad in impressive-looking mathematics, for truth."
Adam Posen, head of the Washington-based thinktank the Peterson Institute, said universities ignore empirical evidence that contradicts mainstream theories in favour of "overly technical nonsense".
City economists attacked Joseph Stiglitz, the former World Bank chief economist, and Olivier Blanchard, the current International Monetary Fund chief economist, when they criticised western governments for cutting investment in the wake of the crash.
A Manchester University spokeman said that, as at other university courses around the world, economics teaching at Manchester "focuses on mainstream approaches, reflecting the current state of the discipline". He added: "It is also important for students' career prospects that they have an effective grounding in the core elements of the subject.
"Many students at Manchester study economics in an interdisciplinary context alongside other social sciences, especially philosophy, politics and sociology. Such students gain knowledge of different kinds of approaches to examining social phenomena … many modules taught by the department centre on the use of quantitative techniques. These could just as easily be deployed in mainstream or non-mainstream contexts."
Friday, November 8, 2013
What is the happiest country on earth?
From our irrepressible Conversation Leader/Facilitator Allan Ament comes this article which powerfully re-affirms the core messages of Caring Economics.
(BTW... Congratulations to Allan for brecently finishing your memoir about caregiving! ...we all wish you well in the next phases of book design and publicity!)
Why is Denmark the happiest country on earth? Gee, could it have something to do with:
1. supports for parents
2. healthcare as a civil right and source of social connection
3. high levels of gender equality
4. bicycles as a major mode of transport
5. strong sense of connection and shared responsibility for social well-being
You guessed it! Read on for more...
(BTW... Congratulations to Allan for brecently finishing your memoir about caregiving! ...we all wish you well in the next phases of book design and publicity!)
Why is Denmark the happiest country on earth? Gee, could it have something to do with:
1. supports for parents
2. healthcare as a civil right and source of social connection
3. high levels of gender equality
4. bicycles as a major mode of transport
5. strong sense of connection and shared responsibility for social well-being
You guessed it! Read on for more...
AlterNet (U.S.)
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Last month, Denmark was crowned
the happiest country in the world.
'The top countries generally rank
higher in all six of the key factors identified in the World Happiness
Report,” wrote University of British Columbia economics professor John
Helliwell, one of the report's contributing authors. 'Together, these six
factors explain three quarters of differences in life evaluations across
hundreds of countries and over the years.”
The six factors for a happy
nation split evenly between concerns on a government- and on a human-scale.
The happiest countries have in common a large GDP per capita, healthy life
expectancy at birth and a lack of corruption in leadership. But also
essential were three things over which individual citizens have a bit more
control over: A sense of social support, freedom to make life choices and a
culture of generosity.
"There is now a rising
worldwide demand that policy be more closely aligned with what really matters
to people as they themselves characterize their well-being," economist
Jeffrey Sachs said in a statement at the time of the report's release.
But why Denmark over any of the
other wealthy, democratic countries with small, educated populations? And can
the qualities that make this Nordic country the happiest around apply to
other cultures across the globe? Here are a few things Danes do well that any
of us can lobby for:
Denmark supports parents
While American women scrape by
with an average maternal leave of 10.3 weeks, Danish families receive a total
of 52 weeks of parental leave. Mothers are able to take 18 weeks and fathers
receive their own dedicated 2 weeks at up to 100 percent salary. The rest of
the paid time off is up to the family to use as they see fit.
But the support doesn't stop at
the end of this time. Danish children have access tofree or low-cost child
care. And early childhood education is associated with health and well-being
throughout life for its recipients -- as well as for mothers. What's more,
this frees up young mothers to return to the work force if they'd like to.
The result? In Denmark, 79 percent of mothers return to their previous level
of employment, compared to 59 percent of American women. These resources mean
that women contribute 34 to 38 percent of income in Danish households with
children, compared to American women, who contribute 28 percent of income.
Health care is a civil right --
and a source of social support
Danish citizens expect and
receive health care as a basic right. But what's more, they know how to
effectively use their health systems. Danish people are in touch with their
primary care physician an average of nearly seven times per year, according
to a 2012 survey of family medicine in the country. And that means they have
a single advocate who helps them navigate more complicated care.
"This gatekeeping system
essentially is designed to support the principle that treatment ought to take
place at the lowest effective care level along with the idea of continuity of
care provided by a family doctor," wrote the authors of the family
medicine survey.
By contrast, Americans seek
medical care an average of fewer than four times per year and they don't just
visit their general practitioner -- this figure includes emergency room
visits, where many uninsured Americans must access doctors. This diversity of
resources means that many Americans don't have continuity of care -- not a
single medical professional advocating for them and putting together a
comprehensive medical history.
Gender equality is prioritized
It isn't just parents who can
expect balanced gender norms. Denmark regularly ranksamong the top 10
countries in a World Economic Forum's yearly report that measures gender
equality. While no country in the world has yet achieved gender parity,
Denmark and other Nordic countries are coming close. That is in no small part
because of the strong presence of women in leadership positions. Reported the
World Economic Forum:
The Nordic countries were also
early starters in providing women with the right to vote (Sweden in 1919,
Norway in 1913, Iceland and Denmark in 1915, Finland in 1906). In Denmark,
Sweden and Norway, political parties introduced voluntary gender quotas in
the 1970s, resulting in high numbers of female political representatives over
the years. In Denmark, in fact, this quota has since been abandoned as no
further stimulus is required.
Indeed, the country currently has
its first female prime minister, Helle Thorning-Schmidt (although she has
been leader of the Social Democrat party since 2005). Its blockbuster hit
television show, Borgen, features a female prime minister (pictured above) as
well -- a complicated, strong female character that stands in contrast to
America's enduring obsession with male anti-heroes.
But government leadership merely
exemplifies greater gender balance throughout the culture. As Katie J.M.
Baker puts it in her exploration of gender politics in the Scandinavian
country: "Unlike in America, where bestsellers goad already overworked
and underpaid women to Lean In even further, the assumption in Denmark is
that feminism is a collective goal, not an individual pursuit."
Biking is the norm
In Denmark's most populated and
largest city, Copenhagen, bikes account for 50 percent of its residents'
trips to school or work. Half. Half of commuting happens on a bike in
Copenhagen and that doesn't just improve fitness levels and reduce carbon
emissions, it also contributes to the wealth of the city, reported Forbes:
Researchers found that for every
kilometer traveled by bike instead of by car, taxpayers saved 7.8 cents (DKK
0.45) in avoided air pollution, accidents, congestion, noise and wear and
tear on infrastructure. Cyclists in Copenhagen cover an estimated 1.2 million
kilometers each day –- saving the city a little over $34 million each year.
What's more, just 30 minutes of
daily biking adds an average of one to two years to the life expectancy of
Copenhagen's cyclists.
Danish culture puts a positive
spin on its harsh environment.
Here's how Danish people turn
lemons into spiced mulled wine: Ever heard of the concept of hygge? While
some would define it as cultivated coziness, hygge is often considered the
major weapon in combatting the dreary darkness that befalls the Nordic
country over the winter. In a place where the sun shines fewer than seven hours
during the height of the winter solstice -- a level of darkness that can (and
does) stir depression and sad feelings -- the concept of a cozy scene, full
of love and indulgence, can help to mitigate some of the season's worst
psychological effects.
After all, both strong social
connections and many of the indulgent foods associated with hygge -- such as
chocolate, coffee and wine -- are mood boosters.
Danes feel a responsibility to
one another
Danes don't prioritize social
security and safety simply so they can receive benefits; there's a real sense
of collective responsibility and belonging. And this civic duty -- combined
with the economic security and work-life balance to support it -- results in
a high rate of volunteerism. According to a government exploration of Danish
"responsibility":
Denmark is a society where
citizens participate and contribute to making society work. More than 40
percent of all Danes do voluntary work in cultural and sports associations,
NGOs, social organisations, political organisations, etc. There is a wealth
of associations: in 2006, there were 101,000 Danish organisations -- worth
noting in a population of just 5.5 million.
The economic value of this unpaid
work is DKK 35.3 billion. Combined with the value growth from the non-profit
sector, public subsidies and membership fees, the total economic impact of
the sector represents 9.6 percent of the Danish GDP.
But that sense of stewardship
isn't just extra-governmental: Danes also take pride in their involvement
with the democratic process. During the last election in September 2011, for
example, 87.7 percent of the country voted. It's not surprising, given these
statistics, that the University of Zurich and the Social Science Research
Center Berlin have given Denmark the very highest rating for democracy among
30 established democracies.
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Wednesday, November 6, 2013
A quote you'll love
Thanks to Conversation Leader Kia Scherr for sending in this wonderful quote:
"Perhaps I don't understand economics, but economics does not understand me, either."
- Lin Yutang
Kia is doing wonderful work for peace - check out her websites: http://www.kiascherr.com/ and http://onelifealliance.org/
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