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Gardens of Democracy
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Radical inequality and radical economic dislocation causally linked
Position
1
#133842
A modern understanding of economies as complex, adaptive, interconnected systems forces us to conclude this and that one brings and amplifies the other.
To most Americans and certainly most economists and policymakers, these two phenomena seem unrelated. In fact, traditional economic theory and contemporary American economic policy does not seem to admit the possibility that the are connected in any way.
If we want a high-growth society with broadly shared prosperity, and if we want to avoid dislocations like the one we have just gone through, we need to change our theory of action foundationally. We need to stop thinking about the economy as a perfect, self-correcting machine and start thinking of it as a garden.
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[1]
Designing a National Strategy for Responding to Economic Dislocation
Author:
Howard F. Rosen - Peterson Institute for International Economics
Cited by:
Gene Bellinger
7:36 AM 10 January 2012 GMT
URL:
http://www.iie.com/publications/testimony/testimony.cfm?ResearchID=967
Excerpt / Summary
Testimony before the Subcommittee on Investigation and Oversight House Science and Technology Committee
June 24, 2008
Link
[2]
Finally, A Rich American Destroys The Fiction That Rich People Create Jobs
Author:
Henry Blodget - Business Insider
Cited by:
Gene Bellinger
7:50 AM 12 January 2012 GMT
URL:
http://www.businessinsider.com/rich-people-do-not-create-jobs-2011-12
Excerpt / Summary
In the war of rhetoric that has developed in Washington as both sides blame each other for our economic mess, one argument has been repeated so often that many people now regard it as fact:
Rich people create the jobs.
Link
[3]
Two Americas: One Rich, One Poort? Understanding Income Inequality in the United States
Author:
Read Hederman, Jr. and Robert Recror - The Heritage Foundation
Cited by:
Gene Bellinger
6:50 AM 13 January 2012 GMT
URL:
http://www.heritage.org/research/reports/2004/08/two-americas-one-rich-one-poor-understanding-income-inequality-in-the-united-states
Excerpt / Summary
Class warfare has always been a mainstay of liberal politics. Politicians frequently depict the United States as a nation starkly divided between the rich and poor. For example, vice presidential candidate John Edwards decries "two Americas...one privileged, the other burdened...one America that does the work, another that reaps the reward. One America that pays the taxes, another America that gets the tax breaks.
Link
[4]
Income Inequality and the Founding Fathers
Author:
David Weinberger - The Foundry
Cited by:
Gene Bellinger
7:02 AM 13 January 2012 GMT
URL:
http://blog.heritage.org/2011/11/15/income-inequality-and-the-founding-fathers/
Excerpt / Summary
What did America’s founders say about economic inequality? Rather than unload statistics about the reality of inequality in America today, which we have done on other occasions, this post considers inequality based on the economic principles on which our republic was founded. These principles remind us why economic inequality is not necessarily an injustice, but rather a necessary component of any prosperous society.
Link
[5]
Rising Share of Americans See Conflict Between Rich and Poor
Author:
Rich Morin - Pew Research Center
Cited by:
Gene Bellinger
2:34 AM 14 January 2012 GMT
Citerank:
(1)
133300
It's not my problem
The "not my problem" mindset is a problem. It is both the source and the result of an ideology that exalts individual autonomy at all costs. It is highly contagious and quickly corrosive. It is part of a feedback look in which the disavowal of problems creates the very problems being disavowed.
9
59C6EF
URL:
http://www.pewsocialtrends.org/2012/01/11/rising-share-of-americans-see-conflict-between-rich-and-poor/
Excerpt / Summary
The Occupy Wall Street movement no longer occupies Wall Street, but the issue of class conflict has captured a growing share of the national consciousness. A new Pew Research Center survey of 2,048 adults finds that about two-thirds of the public (66%) believes there are “very strong” or “strong” conflicts between the rich and the poor—an increase of 19 percentage points since 2009.
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