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26 ultra-rich people own as much as the world's 3.8 billion poorest
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.
A new report by Oxfam argues that inequality around the word is so out of hand that it is putting progress at risk. The report offers a scathing indictment of policies advanced around the world over the last few decades. The authors propose vast expansions of public services paid for by increasing taxes on the super wealthy to remedy the problems they examine in their report.
Inequality for all?
The report, titled 'Public Good or Private Wealth', praises the progress that has been made in eradicating extreme poverty around the world over the past few decades. It then warns us that the problems we face today place that progress at risk and even threaten to undo the efforts of countless individuals, governments, and NGOs.
It begins by revealing that the number of billionaires in the world has doubled since the financial crisis of 2008 and that they collectively grow richer by 2.5 billion dollars a day. This is made possible, it explains, by the ever-decreasing tax rates on high incomes and corporations. The choice to cut taxes means there is less money in the coffers to pay for public services and comes at a high cost to those who need them the most.
The figures explaining that cost are shocking. In the last year, the world's billionaires saw their wealth increase by 12 percent while the poorest 3.8 billion people on the planet lost 11 percent of their wealth. All of the wealth those 3.8 billion people do have adds up to the same amount held by the 26 wealthiest people on the planet.
As a direct result of lack of public services, people die and the poverty trap becomes harder to escape. The report explains that 10,000 people will die today due to lack of proper medical care, 262 million children will not be allowed to go to school for lack of funds, and the poorest women on the planet will do millions of hours of unpaid care work.
All of this means it should come as no surprise that the rate of poverty reduction is half of what it was in 2013. Even while the number of people living on less than $1.90 a day – the World Bank's line for extreme poverty – has continued to drop, 3.4 billion people still live on less than $5.50 a day, which is the benchmark for extreme poverty in an upper-middle income country. The authors hasten to add that in Sub-Saharan Africa the extreme poverty rate has started to increase.
While the report focuses on devolving nations, it references conditions in the United States several times. It mentions how social mobility in the United States has been declining for some time and how a black child born in the United States is more likely to die before their first birthday than a child born in Libya.
The report firmly lays the blame for these facts at the feet of declining public services, inequality, and policies that favor the rich, arguing that "Inequality is a political and a policy choice" and that the growth of the top 1% is preventing the reduction of poverty. One section in the report explains the poverty mentioned above:
This is a direct result of inequality, and of prosperity accruing disproportionately to those at the top for decades. The World Inequality Report 2018 showed that between 1980 and 2016 the poorest 50% of humanity only captured 12 cents in every dollar of global income growth. By contrast, the top 1% captured 27 cents of every dollar. The lesson is clear: to beat poverty, we must fight inequality.
The report also explores how these problems tend to harm women more than men. Since women tend to own less wealth than men, policies that benefit the rich are less likely to help them. Women are also expected in many cultures to take care of children, the sick, and the elderly – tasks made much harder if public services like health programs and childcare are cut back.
The Oxfam report tells us that if a corporation did all the unpaid care work the women of the world do and charged people for it, that business would be 43 times larger than Apple. If this work were to be supported by public services, we are told, women around the would be able to spend that time more effectively improving their situation.
How do they propose we fix this problem?
The report does not merely complain without offering a way forward. The authors point to the places where progress is being made on these issues and conclude that increased funding to public services financed by taxes on the super-rich will go a long way in solving them.
For example, a wealth tax placed on the top 1 percent of income earners would provide 418 billion dollars each year, enough to ensure that every child on the planet has access to an education – a necessity if global poverty rates are going to be reduced.
They propose universal health care and education, an end to privatizations of public services, public pensions and child care, and investments in public utilities to help fix inequality. They advise that all of these policies must be implemented in ways that "also work for women and girls" if they are to be successful.
What do Big Thinkers have to say about all this?
Anand Giridharadas, an author who has written extensively on inequality, took to Twitter to comment on the report. He has argued in his books that inequality prevents society from making progress on certain problems because the people with the most wealth will use that wealth to keep the system that made them wealthy in place, even at the cost of inhibiting social reform.
In line with his previous comments on inequality, he argues that these figures are a sign that:
"The tremendous gains that government action, markets, aid, labor unions, philanthropy and other things have made in improving the human condition are now imperiled by the wealth concentration those improvements have left unbothered."
He also takes aim at those who think this is a glitch in the system or that the problem will solve itself. In one particularly scathing tweet, he warns: "Don't be Pinkered into everything's-getting-better complacency."
Stunning new data:— Anand Giridharadas (@AnandWrites) January 21, 2019
The world’s 2,200 billionaires grew 12 percent wealthier in 2018. Meanwhile, the bottom half of the world got 11 percent poorer.
Don’t be Pinkered into everything’s-getting-better complacency.
The few are monopolizing progress.https://t.co/89ZZWFpz6S
What's Steven Pinker got to do with it?
Giridharadas' tweets mention Steven Pinker, a Canadian psychologist and author, who has yet to comment on the report publicly. Pinker is known for taking a nuanced but controversial attitude toward inequality.
In his book Enlightenment Now, Pinker explains why he doesn't think inequality is inherently bad. Instead, he argues that we should focus on questions of poverty and unfairness which are tied to the discussion around inequality. In one section he cites philosopher Harry Frankfurt to explain his stance:
"Frankfurt argues that inequality itself is not morally objectionable; what is objectionable is poverty. If a person lives a long, healthy, pleasurable, and stimulating life, then how much money the Joneses earn, how big their house is, and how many cars they drive are morally irrelevant. Frankfurt writes, "From the point of view of morality, it is not important everyone should have the same. What is morally important is that each should have enough." Indeed, a narrow focus on economic inequality can be destructive if it distracts us into killing Boris's goat instead of figuring out how Igor can get one."
How he would feel about a report which argues that massive inequality is itself causing an increase in poverty is an open question since it does move beyond viewing inequality as bad in itself and focuses more on how that inequality causes other problems. In the past, Pinker has critiqued those who say inequality is doing that by pointing to absolute improvements in living conditions over time, but he might not be able to do that for much longer.
Anand Giridharadas' above-mentioned "everything's-getting-better complacency" is a reference to Pinker's view that the world is getting better due to the scientific and humanistic worldviews that gained prominence during the Enlightenment. In his words, "the Enlightenment worked," and we are living in one of the better parts of human history because of it. He isn't blind to today's problems, he is just optimistic that those problems can and will be solved.
He also takes the view that the negative side effects of the systems that created these benefits, effects like the building of the atomic bomb, imperialism, and world wars, are "glitches" rather than the results of endemic problems. He has a history of giving various metrics for how the world is improving over time and is likely to continue to do so as long as we keep our Enlightenment worldview.
The global tendency to cut taxes and public services came at a high cost for the poorest. Now, inequality is so high that it threatens to cause progress in poverty reduction to stall or even reverse. While the question of how lousy inequality is in itself remains open, the fact that it has reached a level where it is causing other problems has been settled. What we do next may prove definitive in the battle against poverty or it may halt the progress of the last few decades.
Steven Pinker: Why libertarianism will never be a universal value
A man's skeleton, found facedown with his hands bound, was unearthed near an ancient ceremonial circle during a high speed rail excavation project.
- A skeleton representing a man who was tossed face down into a ditch nearly 2,500 years ago with his hands bound in front of his hips was dug up during an excavation outside of London.
- The discovery was made during a high speed rail project that has been a bonanza for archaeology, as the area is home to more than 60 ancient sites along the planned route.
- An ornate grave of a high status individual from the Roman period and an ancient ceremonial circle were also discovered during the excavations.
Foul play?<p>A skeleton representing a man who was tossed face down into a ditch nearly 2,500 years ago with his hands bound in front of his hips was dug up during a high speed rail excavation.</p><p>The positioning of the remains have led archaeologists to suspect that the man may have been a victim of an ancient murder or execution. Though any bindings have since decomposed, his hands were positioned together and pinned under his pelvis. There was also no sign of a grave or coffin. </p><p>"He seems to have had his hands tied, and he was face-down in the bottom of the ditch," <a href="https://www.livescience.com/iron-age-murder-victim-england.html" target="_blank">said archaeologist Rachel Wood</a>, who led the excavation. "There are not many ways that you end up that way."</p><p>Currently, archaeologists are examining the skeleton to uncover more information about the circumstances of the man's death. Fragments of pottery found in the ditch may offer some clues as to exactly when the man died. </p><p>"If he was struck across the head with a heavy object, you could find a mark of that on the back of the skull," Wood said to <a href="https://www.livescience.com/iron-age-murder-victim-england.html" target="_blank">Live Science</a>. "If he was stabbed, you could find blade marks on the ribs. So we're hoping to find something like that, to tell us how he died."</p>
Other discoveries at Wellwick Farm<p>The grim discovery was made at Wellwick Farm near Wendover. That is about 15 miles north-west of the outskirts of London, where <a href="https://www.hs2.org.uk/building-hs2/hs2-green-corridor/" target="_blank">a tunnel</a> is going to be built as part of a HS2 high-speed rail project due to open between London and several northern cities sometime after 2028. The infrastructure project has been something of a bonanza for archaeology as the area is home to more than 60 ancient sites along the planned route that are now being excavated before construction begins. </p><p>The farm sits less than a mile away from the ancient highway <a href="http://web.stanford.edu/group/texttechnologies/cgi-bin/stanfordnottingham/places/?icknield" target="_blank">Icknield Way</a> that runs along the tops of the Chiltern Hills. The route (now mostly trails) has been used since prehistoric times. Evidence at Wellwick Farm indicates that from the Neolithic to the Medieval eras, humans have occupied the region for more than 4,000 years, making it a rich area for archaeological finds. </p><p>Wood and her colleagues found some evidence of an ancient village occupied from the late Bronze Age (more than 3,000 years ago) until the Roman Empire's invasion of southern England about 2,000 years ago. At the site were the remains of animal pens, pits for disposing food, and a roundhouse — a standard British dwelling during the Bronze Age constructed with a circular plan made of stone or wood topped with a conical thatched roof.</p>
Ceremonial burial site<img type="lazy-image" data-runner-src="https://assets.rebelmouse.io/eyJhbGciOiJIUzI1NiIsInR5cCI6IkpXVCJ9.eyJpbWFnZSI6Imh0dHBzOi8vYXNzZXRzLnJibC5tcy8yMzUzMTk0Ni9vcmlnaW4uanBnIiwiZXhwaXJlc19hdCI6MTY0NDgwNTIyMX0.I49n1-j8WVhKjIZS_wVWZissnk3W1583yYXB7qaGtN8/img.jpg?width=1245&coordinates=0%2C82%2C0%2C83&height=700" id="44da7" class="rm-shortcode" data-rm-shortcode-id="46cfc8ca1c64fc404b32014542221275" data-rm-shortcode-name="rebelmouse-image" alt="top down view of coffin" data-width="1245" data-height="700" />
A high status burial in a lead-lined coffin dating back to Roman times.
Photo Credit: HS2<p>While these ancient people moved away from Wellwick Farm before the Romans invaded, a large portion of the area was still used for ritual burials for high-status members of society, Wood told Live Science. The ceremonial burial site included a circular ditch (about 60 feet across) at the center, and was a bit of a distance away from the ditch where the (suspected) murder victim was uncovered. Additionally, archaeologists found an ornately detailed grave near the sacred burial site that dates back to the Roman period, hundreds of years later when the original Bronze Age burial site would have been overgrown.</p><p>The newer grave from the Roman period encapsulated an adult skeleton contained in a lead-lined coffin. It's likely that the outer coffin had been made of wood that rotted away. Since it was clearly an ornate burial, the occupant of the grave was probably a person of high status who could afford such a lavish burial. However, according to Wood, no treasures or tokens had been discovered. </p>
Sacred timber circle<img type="lazy-image" data-runner-src="https://assets.rebelmouse.io/eyJhbGciOiJIUzI1NiIsInR5cCI6IkpXVCJ9.eyJpbWFnZSI6Imh0dHBzOi8vYXNzZXRzLnJibC5tcy8yMzUzMTk0Ny9vcmlnaW4uanBnIiwiZXhwaXJlc19hdCI6MTY2MDAwOTQ4Mn0.eVJAUcD0uBUkVMFuMOPSgH8EssGkfLf_MjwUv0zGCI8/img.jpg?width=1245&coordinates=0%2C149%2C0%2C149&height=700" id="9de6a" class="rm-shortcode" data-rm-shortcode-id="ee66520d470b26f5c055eaef0b95ec06" data-rm-shortcode-name="rebelmouse-image" alt="An aerial view of the sacred circular monument." data-width="1245" data-height="700" />
An aerial view of the sacred circular monument.
Photo Credit: HS2<p>One of the most compelling archaeological discoveries at Wellwick Farm are the indications of a huge ceremonial circle once circumscribed by timber posts lying south of the Bronze Age burial site. Though the wooden posts have rotted away, signs of the post holes remain. It's thought to date from the Neolithic period to 5,000 years ago, according to Wood.</p><p>This circle would have had a diameter stretching 210 feet across and consisted of two rings of hundreds of posts. There would have been an entry gap to the south-west. Five posts in the very center of the circle aligned with that same gap, which, according to Wood, appeared to have been in the direction of the rising sun on the day of the midwinter solstice. </p><p>Similar Neolithic timber circles have been discovered around Great Britain, such as one near <a href="https://bigthink.com/culture-religion/stonehenge-sarsens" target="_blank">Stonehenge</a> that is considered to date back to around the same time. </p>
Being skeptical isn't just about being contrarian. It's about asking the right questions of ourselves and others to gain understanding.
- It's not always easy to tell the difference between objective truth and what we believe to be true. Separating facts from opinions, according to skeptic Michael Shermer, theoretical physicist Lawrence Krauss, and others, requires research, self-reflection, and time.
- Recognizing your own biases and those of others, avoiding echo chambers, actively seeking out opposing voices, and asking smart, testable questions are a few of the ways that skepticism can be a useful tool for learning and growth.
- As Derren Brown points out, being "skeptical of skepticism" can also lead to interesting revelations and teach us new things about ourselves and our psychology.
New study suggests the placebo effect can be as powerful as microdosing LSD.
- New research from Imperial College London investigated the psychological effects of microdosing LSD in 191 volunteers.
- While microdosers experienced beneficial mental health effects, the placebo group performed statistically similar to those who took LSD.
- Researchers believe the expectation of a trip could produce some of the same sensations as actually ingesting psychedelics.
Psychedelics: The scientific renaissance of mind-altering drugs<span style="display:block;position:relative;padding-top:56.25%;" class="rm-shortcode" data-rm-shortcode-id="92360c805fe66c11de38a75b0967f417"><iframe type="lazy-iframe" data-runner-src="https://www.youtube.com/embed/5T0LmbWROKY?rel=0" width="100%" height="auto" frameborder="0" scrolling="no" style="position:absolute;top:0;left:0;width:100%;height:100%;"></iframe></span><p>For the study published in eLife, the team recruited 191 citizen cosmonauts to microdose either LSD or a placebo over the course of several weeks and note the psychological effects. Volunteers were already microdosing LSD, so there was no true control. Each volunteer was given instructions on creating their own low-dose gel capsules, some containing LSD, others not. Then they mixed the capsules in envelopes so they didn't know if they were taking the real thing or not.</p><p>The trial design was ingenious: each capsule featured a QR code that was scanned after the addition of ingredients but before they were placed in the envelope so that researchers knew what they were ingesting.</p><p>The problem: volunteers sourced their own LSD. Lack of quality control could have had a profound effect on the results. </p><p>The results: LSD microdosers reported feeling more mindful, satisfied with life, and better overall; they also noticed a reduction in feelings of paranoia. </p><p>The catch: the control group felt the same thing, with no statistical difference between the groups. </p><p>Lead author Balázs Szigeti comments on the findings: "This suggests that the improvements may not be due to the pharmacological action of the drug but can instead be explained by the placebo effect." </p>
Credit: Alexander / Adobe Stock<p>Psychedelics are notoriously difficult to control for given the intensity of the experience. Yet there is precedent for the above findings. A <a href="https://link.springer.com/article/10.1007/s00213-020-05464-5" target="_blank">2019 study</a> found that 61 percent of volunteers that took a placebo instead of psilocybin felt some psychedelic effects, with a few volunteers experiencing full-on trips.</p><p style="margin-left: 20px;">"Several stated that they saw the paintings on the walls 'move' or 'reshape' themselves, others felt 'heavy. . . as if gravity [had] a stronger hold', and one had a 'come down' before another 'wave' hit her."</p><p>The Imperial team believes the expectation of a trip might have been enough to produce similar results. Senior author David Erritzoe is excited for future studies on the topic, believing they tapped into a new wave of citizen science that could push forward our knowledge of psychedelic substances.</p><p style="margin-left: 20px;">"Accounting for the placebo effect is important when assessing trends such as the use of cannabidiol oils, fad diets or supplements where social pressure or users' expectations can lead to a strong placebo response. Self-blinding citizen science initiatives could be used as an inexpensive, initial screening tool before launching expensive clinical studies."</p><p>As investments into the psychedelics market explode, with one company <a href="https://www.bloomberg.com/news/articles/2021-03-03/thiel-backed-magic-mushroom-firm-atai-hits-2-billion-valuation" target="_blank">reaching a $2 billion valuation</a>, a recurring irony appears in the long arc of psychedelics and research: the power of our minds might be enough to feel greater life satisfaction and a deeper sense of mindfulness. If that's possible with a placebo, we have to question why the rush to create more pharmacology is necessary. </p><p>This is, mind you, a separate conversation over the role of psychedelics and rituals for group bonding. The function of group cohesion around consciousness-altering substances will continue to play an important role in many communities. </p><p>Of course, we should continue to explore the efficacy of psychedelics on anxiety, depression, suicidal ideation, PTSD, and addiction. <a href="https://bigthink.com/surprising-science/antidepressant-effects" target="_self">Pharmacological dependence</a> is a stain on the psychiatry industry. Whether or not psychedelics can be prescribed for daily use remains to be seen, but we know a moneyed interest is expecting a return on investment—the above company, ATAI Life Sciences, raised $157 million in its Series D round. </p><p>When it comes to wellbeing, some things money just can't buy. How we navigate the tricky terrain of mainstreaming psychedelics remains to be seen. </p><p>--</p><p><em>Stay in touch with Derek on <a href="http://www.twitter.com/derekberes" target="_blank">Twitter</a> and <a href="https://www.facebook.com/DerekBeresdotcom" target="_blank" rel="noopener noreferrer">Facebook</a>. His most recent book is</em> "<em><a href="https://www.amazon.com/gp/product/B08KRVMP2M?pf_rd_r=MDJW43337675SZ0X00FH&pf_rd_p=edaba0ee-c2fe-4124-9f5d-b31d6b1bfbee" target="_blank" rel="noopener noreferrer">Hero's Dose: The Case For Psychedelics in Ritual and Therapy</a>."</em></p>