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Month of October 2002 Month of September 2002 Month of August 2002 Month of July 2002 Month of June 2002 Month of May 2002 Month of April 2002 :: Entries By Topic :: |
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For Your Own Good The Myth of Male Power Hot Talk, Cold Science Junk Science Judo Galileo's Revenge |
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Andrew Sullivan has a nice essay here
on the "poor got poorer" canard:
In fact, the Census statistics show that the boom of the 1990s helped women more than men, and saw poverty among single, poor women, the elderly and children decline. Yes, inequality grew. But that's simply because those at the very top did spectacularly well. Those at the bottom did very well too, and those in some previously doomed groups - such as welfare mothers with children - saw serious gains.And the portion of the total tax bill paid by the top 5% of the population rose from 28% in the 80s to 37% by the end of the 90s--at the same time the poor were making more money and paying less taxes (the bottom 50% of the population now pays less than 4% of all taxes).
Critics of globalization say free trade and cross-border investment have benefited the rich at the expense of the poor. They argue that the ranks of the poor are growing, and that the disparity between rich and poor has grown.(Thanks to Daimnation for the link.)
The truth is more cheerful, says Xavier Sala-i-Martin, an economist at Columbia University. He calculates that the fraction of the world's population below the poverty line (defined as an income of $2 a day in constant 1985 dollars) fell to 19% in 1998 from 41% in 1970.
Overall inequality has decreased as well. One way economists measure inequality is by the Gini coefficient, a zero-to-one scale on which zero means each person in the world has the same income and one means that a single individual collects the world's entire income. Sala-i-Martin estimates the world's Gini coefficient fell to 0.63 in 1998 from 0.66 in 1970.
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Cogitat, ut speciosa dehinc miracula promat." --Horace, Ars Poetica, V. 143 ["One with a flash begins, and ends in smoke; Another out of smoke brings glorious light, And (without raising expectations high) Surprises us with dazzling miracles."] |