The Middle Way
The wealth disparities of naked capitalism are indefensible, but so too is the welfare state; there must be a third way, writes the New Statesman.
The wealth disparities of naked capitalism are indefensible, but so too is the welfare state; there must be a third way, writes the New Statesman. "Even ardent free-marketeers scarcely foresaw the astonishing increase in disparity of income, particularly in the US. In 1968, the chief executive of General Motors was paid 66 times as much as an average worker on his payroll; in 2005, the head of Wal-Mart made 900 times as much."
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The Oxfam report prompted Anand Giridharadas to tweet: "Don't be Pinkered into everything's-getting-better complacency."
- A new report by Oxfam argues that wealth inequality is causing poverty and misery around the world.
- In the last year, the world's billionaires saw their wealth increase by 12%, while the poorest 3.8 billion people on the planet lost 11% of their wealth.
- The report prompted Anand Giridharadas to tweet: "Don't be Pinkered into everything's-getting-better complacency." We explain what Steven Pinker's got to do with it.
Moans, groans, and gripes release stress hormones in the brain.
Could you give up complaining for a whole month? That's the crux of this interesting piece by Jessica Hullinger over at Fast Company. Hullinger explores the reasons why humans are so predisposed to griping and why, despite these predispositions, we should all try to complain less. As for no complaining for a month, that was the goal for people enrolled in the Complaint Restraint project.
Participants sought to go the entirety of February without so much as a moan, groan, or bellyache.
- Facebook and Google began as companies with supposedly noble purposes.
- Creating a more connected world and indexing the world's information: what could be better than that?
- But pressure to return value to shareholders came at the expense of their own users.
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