Thursday, January 2, 2014

Money Changes Everything

But I think American liberals have also made the mistake of focusing too much on income and wealth as the measures of success. Every chart and graph we see about America’s increase in “inequality” is about either money, or the likelihood of getting money. Sure, disparities of wealth are distasteful . Sure, money is one thing that confers social status . But by focusing on it obsessively, I think liberals are helping to cement its paramount importance as the end-all and be-all of social outcomes.
This is bad because it cements an American attitude of crass materialism, but it’s also bad because it ignores achievable types of social equality while questing after the unattainable. Societies can be more or less equal in terms of wealth and income, but only to a degree; as Vilfredo Pareto observed , and as studies have later confirmed, every society on Earth has wealth and income distributions that follow some kind of power law, where a small fraction earn and command much more money than the vast majority. You can make the cure flatter, but never close to flat.
Whether we’re questing after a narrow money-based vision of equality or callously celebrating the “competitiveness” created by material inequality, we Americans seem to have mostly forgotten about equality of respect. This is bad not just because I personally dislike it, but because in a developed country like ours, respect is a big part of what makes people happy . In fact, I suspect that our turn away from egalitarianism is one factor behind our bifurcation into a class society .
I want this to change. I want to move back toward a society where the hard work of an unskilled laborer is considered worthwhile in social interactions, regardless of how many dollars it brings home. I want to move back toward a society where being a good parent or a friendly neighbor earns as much respect as making a hundred million dollars on Wall Street.
In other words, I want our “democracy” back. We need to redistribute respect.

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