Economic inequality is a constant topic. No matter the cycle — boom or bust — somebody is making a lot of money, and the question of fairness is never far behind.
A recently published essay in the Journal of Economic Literature by Professor Guido Alfani adds an intriguing perspective to the discussion by showing the evolution of income inequality in Europe over the last several hundred years. As it turns out, we currently live in a comparatively egalitarian epoch.
Seven centuries of economic history
Figure 8 from Guido Alfani, Journal of Economic Literature, 2021.
This graph shows the amount of wealth controlled by the top ten percent in certain parts of Europe over the last seven hundred years. Archival documentation similar to — and often of a similar quality as — modern economic data allows researchers to get a glimpse of what economic conditions were like centuries ago. Sources like property tax records and documents listing the rental value of homes can be used to determine how much a person's estate was worth. (While these methods leave out those without property, the data is not particularly distorted.)
The first part of the line, shown in black, represents work by Prof. Alfani and represents the average inequality level of the Sabaudian State in Northern Italy, The Florentine State, The Kingdom of Naples, and the Republic of Venice. The latter part, in gray, is based on the work of French economist Thomas Piketty and represents an average of inequality in France, the United Kingdom, and Sweden during that time period.
Despite the shift in location, the level of inequality and rate of increase are very similar between the two data sets.
Apocalyptic events cause decreases in inequality
Note that there are two substantial declines in inequality. Both are tied to truly apocalyptic events. The first is the Black Death, the common name for the bubonic plague pandemic in the 14th century, which killed off anywhere between 30 and 50 percent of Europe. The second, at the dawn of the 20th century, was the result of World War I and the many major events in its aftermath.
The 20th century as a whole was a time of tremendous economic change, and the periods not featuring major wars are notable for having large experiments in distributive economic policies, particularly in the countries Piketty considers.
The slight stall in the rise of inequality during the 17th century is the result of the Thirty Years' War, a terrible religious conflict that ravaged Europe and left eight million people dead, and of major plagues that affected South Europe. However, the recurrent outbreaks of the plague after the Black Death no longer had much effect on inequality. This was due to a number of factors, not the least of which was the adaptation of European institutions to handle pandemics without causing such a shift in wealth.
In 2010, the last year covered by the essay, inequality levels were similar to those of 1340, with 66 percent of the wealth of society being held by the top ten percent. Also, inequality levels were continuing to rise, and the trends have not ended since. As Prof. Alfani explained in an email to BigThink:
"During the decade preceding the Covid pandemic, economic inequality has shown a slow tendency towards further inequality growth. The Great Recession that began in 2008 possibly contributed to slow down inequality growth, especially in Europe, but it did not stop it. However, the expectation is that Covid-19 will tend to increase inequality and poverty. This, because it tends to create a relatively greater economic damage to those having unstable occupations, or who need physical strength to work (think of the effects of the so-called "long-Covid," which can prove physically invalidating for a long time). Additionally, and thankfully, Covid is not lethal enough to force major leveling dynamics upon society."
Can only disasters change inequality?
That is the subject of some debate. While inequality can occur in any economy, even one that doesn't grow all that much, some things appear to make it more likely to rise or fall.
Thomas Piketty suggested that the cause of changes in inequality levels is the difference in the rate of return on capital and the overall growth rate of the economy. Since the return on capital is typically higher than the overall growth rate, this means that those who have capital to invest tend to get richer faster than everybody else.
While this does explain a great deal of the graph after 1800, his model fails to explain why inequality fell after the Black Death. Indeed, since the plague destroyed human capital and left material goods alone, we would expect the ratio of wealth over income to increase and for inequality to rise. His model can provide explanations for the decline in inequality in the decades after the pandemic, however- it is possible that the abundance of capital could have lowered returns over a longer time span.
The catastrophe theory put forth by Walter Scheidel suggests that the only force strong enough to wrest economic power from those who have it is a world-shattering event like the Black Death, the fall of the Roman Empire, or World War I. While each event changed the world in a different way, they all had a tremendous leveling effect on society.
But not even this explains everything in the above graph. Pandemics subsequent to the Black Death had little effect on inequality, and inequality continued to fall for decades after World War II ended. Prof. Alfani suggests that we remember the importance of human agency through institutional change. He attributes much of the post-WWII decline in inequality to "the redistributive policies and the development of the welfare states from the 1950s to the early 1970s."
What does this mean for us now?
As Professor Alfani put it in his email:
"[H]istory does not necessarily teach us whether we should consider the current trend toward growth in economic inequality as an undesirable outcome or a problem per se (although I personally believe that there is some ground to argue for that). Nor does it teach us that high inequality is destiny. What it does teach us, is that if we do not act, we have no reason whatsoever to expect that inequality will, one day, decline on its own. History also offers abundant evidence that past trends in inequality have been deeply influenced by our collective decisions, as they shaped the institutional framework across time. So, it is really up to us to decide whether we want to live in a more, or a less unequal society."
The U.S. Navy controls patents for some futuristic and outlandish technologies, some of which, dubbed "the UFO patents," came to life recently. Of particular note are inventions by the somewhat mysterious Dr. Salvatore Cezar Pais, whose tech claims to be able to "engineer reality." His slate of highly-ambitious, borderline sci-fi designs meant for use by the U.S. government range from gravitational wave generators and compact fusion reactors to next-gen hybrid aerospace-underwater crafts with revolutionary propulsion systems, and beyond.
Of course, the existence of patents does not mean these technologies have actually been created, but there is evidence that some demonstrations of operability have been successfully carried out. As investigated and reported by The War Zone, a possible reason why some of the patents may have been taken on by the Navy is that the Chinese military may also be developing similar advanced gadgets.
Among Dr. Pais's patents are designs, approved in 2018, for an aerospace-underwater craft of incredible speed and maneuverability. This cone-shaped vehicle can potentially fly just as well anywhere it may be, whether air, water or space, without leaving any heat signatures. It can achieve this by creating a quantum vacuum around itself with a very dense polarized energy field. This vacuum would allow it to repel any molecule the craft comes in contact with, no matter the medium. Manipulating "quantum field fluctuations in the local vacuum energy state," would help reduce the craft's inertia. The polarized vacuum would dramatically decrease any elemental resistance and lead to "extreme speeds," claims the paper.
Not only that, if the vacuum-creating technology can be engineered, we'd also be able to "engineer the fabric of our reality at the most fundamental level," states the patent. This would lead to major advancements in aerospace propulsion and generating power. Not to mention other reality-changing outcomes that come to mind.
Among Pais's other patents are inventions that stem from similar thinking, outlining pieces of technology necessary to make his creations come to fruition. His paper presented in 2019, titled "Room Temperature Superconducting System for Use on a Hybrid Aerospace Undersea Craft," proposes a system that can achieve superconductivity at room temperatures. This would become "a highly disruptive technology, capable of a total paradigm change in Science and Technology," conveys Pais.
High frequency gravitational wave generator.
Credit: Dr. Salvatore Pais
Another invention devised by Pais is an electromagnetic field generator that could generate "an impenetrable defensive shield to sea and land as well as space-based military and civilian assets." This shield could protect from threats like anti-ship ballistic missiles, cruise missiles that evade radar, coronal mass ejections, military satellites, and even asteroids.
Dr. Pais's ideas center around the phenomenon he dubbed "The Pais Effect". He referred to it in his writings as the "controlled motion of electrically charged matter (from solid to plasma) via accelerated spin and/or accelerated vibration under rapid (yet smooth) acceleration-deceleration-acceleration transients." In less jargon-heavy terms, Pais claims to have figured out how to spin electromagnetic fields in order to contain a fusion reaction – an accomplishment that would lead to a tremendous change in power consumption and an abundance of energy.
According to his bio in a recently published paper on a new Plasma Compression Fusion Device, which could transform energy production, Dr. Pais is a mechanical and aerospace engineer working at the Naval Air Warfare Center Aircraft Division (NAWCAD), which is headquartered in Patuxent River, Maryland. Holding a Ph.D. from Case Western Reserve University in Cleveland, Ohio, Pais was a NASA Research Fellow and worked with Northrop Grumman Aerospace Systems. His current Department of Defense work involves his "advanced knowledge of theory, analysis, and modern experimental and computational methods in aerodynamics, along with an understanding of air-vehicle and missile design, especially in the domain of hypersonic power plant and vehicle design." He also has expert knowledge of electrooptics, emerging quantum technologies (laser power generation in particular), high-energy electromagnetic field generation, and the "breakthrough field of room temperature superconductivity, as related to advanced field propulsion."
Suffice it to say, with such a list of research credentials that would make Nikola Tesla proud, Dr. Pais seems well-positioned to carry out groundbreaking work.
A craft using an inertial mass reduction device.
Credit: Salvatore Pais
The patents won't necessarily lead to these technologies ever seeing the light of day. The research has its share of detractors and nonbelievers among other scientists, who think the amount of energy required for the fields described by Pais and his ideas on electromagnetic propulsions are well beyond the scope of current tech and are nearly impossible. Yet investigators at The War Zone found comments from Navy officials that indicate the inventions are being looked at seriously enough, and some tests are taking place.
If you'd like to read through Pais's patents yourself, check them out here.
Laser Augmented Turbojet Propulsion System
Credit: Dr. Salvatore Pais
Self-help books are consistently on the best-seller lists across the world. We can't seem to get enough of happiness advice, wellness gurus, and life coaches. But, as the Book of Ecclesiastes says, there is nothing new under the sun. The Ancient Greeks were into the self-help business millennia before the likes of Dale Carnegie and Mark Manson.
Four schools of ancient Greek philosophy
From the 3rd century BCE until the birth of Jesus, Greek philosophy was locked into an ideological war. Four rival schools emerged, each proclaiming loudly that they — alone — had the secret to a happy and fulfilled life. These schools were: Stoicism, Cynicism, Skepticism, and Epicureanism. Each had their advocates and even had a kind of PR battle to get people to sign up to their side. They were trying to sell happiness.
Epicurus's guide to living is noticeably different from a lot of modern self-help books in just how little day-to-day advice it gives.
Many of us are familiar with Stoicism, a topic I covered recently, because it forms the foundation of cognitive behavioral therapy. Skepticism and Cynicism have become watered down or warped variations of their original forms. (I will cover these in future articles.) Today, we focus on the most underappreciated of these schools, the Epicureans. In their philosophy, we can find a surprisingly modern and easy-to-follow "Four Part Remedy" to life.
Epicureans: The first atheists
The Epicureans were some of history's first materialists. They believed that the world was made up only of atoms (and void), and that everything is simply a particular composition of these atoms. There were no gods, spirits, or souls (or, at most, they're irrelevant to the world as we encounter it). They thought that there was no afterlife or immortality to be had, either. Death is just a relocation of atoms. This atheism and materialism was what the Christian Church would later come to despise, and after centuries of being villainized by priests, popes, and church doctrine, the Epicureans fell out of fashion.
In the atomistic, worldly philosophy of the Epicureans, all there is to life is to get as much pleasure as you can and avoid pain. This isn't to become some rampant hedonist, staggering from opium dens to brothels, but concerns the higher pleasures of the mind.
Epicurus, himself, believed that pleasure was defined as the satisfying of a desire, such as when we drink a glass of water when we're really thirsty. But, he also argued that desires themselves were painful since they, by definition, meant longing and anguish. Thirst is a desire, and we don't like being thirsty. True contentment, then, could not come from creating and indulging pointless wants but must instead come from minimizing desire altogether. What would be the point of setting ourselves new targets? These are just new desires that we must make efforts to satisfy. Thus, minimizing pain meant minimizing desires, and the bare minimum desires were those required to live.
The Four Part Remedy
Credit: LOUISA GOULIAMAKI via Getty Images
Given that Epicureans were determined to maximize pleasure and minimize pain, they developed a series of rituals and routines designed to help. One of the best known (not least because we've lost so much written by the Epicureans) was the so-called "Four Part Remedy." These were four principles they believed we ought to accept so that we might find solace and be rid of existential and spiritual pain:
1. Don't fear God. Remember, everything is just atoms. You won't go to hell, and you won't go to heaven. The "afterlife" will be nothingness, in just the same way as when you had no awareness whatsoever of the dinosaurs or Cleopatra. There was simply nothing before you existed, and death is a great expanse of the same timeless, painless void.
2. Don't worry about death. This is a natural corollary of Step 1. With no body, there is no pain. In death, we lose all of our desires and, along with them, suffering and discontent. It's striking how similar in tone this sounds to a lot of Eastern, especially Buddhist, philosophy at the time.
3. What is good is easy to get. Pleasure comes in satisfying desires, specifically the basic, biological desires required to keep us alive. Anything more complicated than this, or harder to achieve, just creates pain. There's water to be drunk, food to be eaten, and beds to sleep in. That's all you need.
4. What is terrible is easy to endure. Even if it is difficult to satisfy the basic necessities, remember that pain is short-lived. We're rarely hungry for long, and sicknesses most often will be cured easily enough (and this was written 2300 years before antibiotics). All other pains often can be mitigated by pleasures to be had. If basic biological necessities can't be met, then you die — but we already established there is nothing to fear from death.
Practical Epicureanism
Epicurus's guide to living is noticeably different from a lot of modern self-help books in just how little day-to-day advice it gives. It doesn't tell us "the five things you need to do before breakfast" or "visit these ten places, and you'll never be sad again." Just like it's rival school of Stoicism, Epicureanism is all about a psychological shift of some kind.
Namely, that psychological shift is about recognizing that life doesn't need to be as complicated as we make it. At the end of the day, we're just animals with basic needs. We have the tools necessary to satisfy our desires, but when we don't, we have huge reservoirs of strength and resilience capable of enduring it all. Failing that, we still have nothing to fear because there is nothing to fear about death. When we're alive, death is nowhere near; when we're dead, we won't care.
Practical, modern, and straightforward, Epicurus offers a valuable insight to life. It's existential comfort for the materialists and atheists. It's happiness in four lines.
Jonny Thomson teaches philosophy in Oxford. He runs a popular Instagram account called Mini Philosophy (@philosophyminis). His first book is Mini Philosophy: A Small Book of Big Ideas.
