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StreetScooby

What planet is Paul Krugman from?

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As some of you may know, Paul Krugman is a noble prize winning economist, and former adviser to Enron, who writes a column for the NYTimes. Full disclosure here, I think he's a joke. In a column today, Money and Morals, he makes the following statement:

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And the myth of a classless society has been exposed: Among rich countries, America stands out as the place where economic and social status is most likely to be inherited.



I found this to be a pretty shocking statement. Every single person around me has worked their ass off in life. No one has inherited their position or money. Does anyone else find this statement to be as jarring as I did?
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You are 100% correct in saying that many people have worked their butts off for what they have today. I don't come from a wealthy family. I wouldn't call my family poor, but we were definitely not wealthy. I didn't start driving until I was 21 since I could not afford a car when I was younger. But a funny thing has happened over the years. My brother lives in a million+ dollar home with his wife. My home is worth at least 400k and I am mortgage free. Neither my brother nor myself have earn a penny in inheritance nor will we be getting any in the years to come. Funny how people who do not come from wealth can in one generation still be living in reasonable affluence. How did we do it? We worked for it.

Inheritance for some has always been around and always will. If someone is lucky enough to be born into a rich family who is not dumb enough to blow away all of their wealth in one generation then they themselves will have some of their family's wealth passed on down to them when the time comes. Inheritance does not need to be a dirty word. That is unless you happen to be a staunch believer in state controlled wealth redistribution.

Of course we could just throw the present system away and adopt a system where the government controls all aspects of our lives from the cradle to the grave, where the government seizes the assets from those who have worked in their lives to pay for the wealth redistributed nanny state. I mean after all, the government has an astonishing track record for efficiency don't they.


Try not to worry about the things you have no control over

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As some of you may know, Paul Krugman is a noble prize winning economist, and former adviser to Enron, who writes a column for the NYTimes. Full disclosure here, I think he's a joke. In a column today, Money and Morals, he makes the following statement:

Quote


And the myth of a classless society has been exposed: Among rich countries, America stands out as the place where economic and social status is most likely to be inherited.



I found this to be a pretty shocking statement. Every single person around me has worked their ass off in life. No one has inherited their position or money. Does anyone else find this statement to be as jarring as I did?



The statement is very accurate. All of the statistics show that upward mobility in the USA is at an all time low.

What planet do right wing conservatives live on?
We are living in a time that is the outcome of successful application of conservative philosophy, starting with Reagan's election. For those that understand cause and effect, we are right where we were predicted to go. A ruling class that owns the media and controls the message. A poorly educated population that has been taught that government is the problem and that rich people are superior to the rest of us and deserve very special treatment. The education has been so bad that people vote for politicians that make their lives WORSE, not better.

Nothing postive for society has ever come from conservative philosophy.

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And the myth of a classless society has been exposed: Among rich countries, America stands out as the place where economic and social status is most likely to be inherited.



I found this to be a pretty shocking statement. Every single person around me has worked their ass off in life. No one has inherited their position or money. Does anyone else find this statement to be as jarring as I did?



I think Krugman greatly overstates the case. Up until the 1960's, the US was practically unique in the opportunities to advance one's economic and social status to the point where your children were considerably better off than you were when you were born. This was and is especially the case among whites and Asians whose families immigrated in the late 19th & early 20th Centuries. By contrast, the UK, for example, was much more permanently socially stratified.

That being said, I think this trend is beginning to stagnate, such that a lot of middle-class people born in the 80s and 90s are, and are likely to remain, in more or less the same social and economic stratum as their parents who were born in the 50s and 60s.

The proposition does seem to be more applicable to African Americans, Native Americans and Hispanics.

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Nothing postive for society has ever come from conservative a large intrusive government philosophy.



Fixed it for you

In any event

Regulation is what is holding us back

The Government is the problem, not the solution
"America will never be destroyed from the outside,
if we falter and lose our freedoms,
it will be because we destroyed ourselves."
Abraham Lincoln

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All of the statistics show that upward mobility in the USA is at an all time low.



I'm curious to see your sources on this.

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A ruling class that owns the media and controls the message.



And largely liberal.

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A poorly educated population that has been taught that government is the problem and that rich people are superior to the rest of us and deserve very special treatment.



What school did you go to? My view is the problem with our education system is due to a liberal philosophy that doesn't hold the individual accountable.

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The education has been so bad that people vote for politicians that make their lives WORSE, not better.



Obama being the prime example, IMO.

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Nothing postive for society has ever come from conservative philosophy.



Other than our quality of life, and the fact that America is the greatest country this planet has every known. Why else do so many people want to come here?
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The proposition does seem to be more applicable to African Americans, Native Americans and Hispanics.



Not sure I agree re: Hispanics. There's alot of Hispanic labor in the area where I live. As a rule, these folks work hard, and value family first and foremost. Compared to where they came from, they are doing markedly better (why else would they endure to get here?).

Wrto blacks (haven't you heard, African American is out of vogue now?), and Native Americans, not sure why that's the case. There are very successful black people in my company. They work hard, are professional, and are widely respected (and it has nothing to do with their skin color).
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The Government is the problem, not the solution



I think we can all agree there is a balance to be found here. I would agree that Obama is driving it away from where it should be.



Balance?

A look at history clearly shows that the bigger the gov poorer the economy does

We are regulating and growing the Fed govenment ourselves our to private sector growth

But, if you point is we need some level of regulation? Then we agree
"America will never be destroyed from the outside,
if we falter and lose our freedoms,
it will be because we destroyed ourselves."
Abraham Lincoln

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The proposition does seem to be more applicable to African Americans, Native Americans and Hispanics.



Not sure I agree re: Hispanics. There's alot of Hispanic labor in the area where I live. As a rule, these folks work hard, and value family first and foremost. Compared to where they came from, they are doing markedly better (why else would they endure to get here?).

Wrto blacks (haven't you heard, African American is out of vogue now?), and Native Americans, not sure why that's the case. There are very successful black people in my company. They work hard, are professional, and are widely respected (and it has nothing to do with their skin color).




I like these two posts, it really reflects the politics and priorities of you two - Andy talks about "groups", you talk about "individuals"

when the focus is so different, it's not a surprise how difficult it can be sometimes to find common ground when discussing policy

...
Driving is a one dimensional activity - a monkey can do it - being proud of your driving abilities is like being proud of being able to put on pants

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I like these two posts, it really reflects the politics and priorities of you two - Andy talks about "groups", you talk about "individuals"



Wow, what an interesting observation. I hadn't noticed that. I personally don't view people in categories.

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when the focus is so different, it's not a surprise how difficult it can be sometimes to find common ground when discussing policy



Absolutely.
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A look at history clearly shows that the bigger the gov poorer the economy does

It is fortunate that government is shrinking, then!

>We are regulating and growing the Fed govenment ourselves our to private sector
>growth

Since private sector employment is up and government employment is down, that's not supportable.

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I like these two posts, it really reflects the politics and priorities of you two - Andy talks about "groups", you talk about "individuals"



Wow, what an interesting observation. I hadn't noticed that. I personally don't view people in categories.

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when the focus is so different, it's not a surprise how difficult it can be sometimes to find common ground when discussing policy



Absolutely.



Actually, I think your comments and mine can be harmonized. I spoke more re: groups than individuals mainly to keep my post reasonably brief. I think my observation is largely correct from a perspective of group dynamics and trends, while your observations w/r/t individual examples are also correct. Taken together, they comprise the big picture.

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Since private sector employment is up and government employment is down, that's not supportable.



Then you believe the admins lies on employment

Good to know

The unemployment rate may be down (by the numbers) but the private sector is NOT seeing job growth

http://www.google.com/search?hl=en&source=hp&q=the+real+unemployment+rate+2012&gbv=2&oq=the+real+un&aq=6&aqi=g10&aql=&gs_sm=1&gs_upl=1421l3186l0l7497l11l8l0l0l0l0l282l1297l0.1.5l6l0

Take you pick
"America will never be destroyed from the outside,
if we falter and lose our freedoms,
it will be because we destroyed ourselves."
Abraham Lincoln

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>Apparently, alot of the movement is due to a huge number of people dropping out of
>the workforce.

In government, yes. But since employment overall is up, people are not "dropping out" overall. From the BLS:

===============


Table C. December 2011-January 2012 changes in selected labor force
measures, with adjustments for population control effects

(Numbers in thousands)

____________________________________________________________________________
| | |
| | | Dec.-Jan.
| Dec.-Jan. | 2012 | change,
| change, | population | after re-
Category | as | control | moving the
| published | effect | population
| | | control
| | | effect(1)
_____________________________________|___________|____________|_____________
| | |
Civilian noninstitutional population.| 1,685 | 1,510 | 175
Civilian labor force...............| 508 | 258 | 250
Participation rate...............| -.3 | -.3 | .0
Employed..........................| 847 | 216 | 631
Employment-population ratio......| .0 | -.3 | .3
Unemployed........................| -339 | 42 | -381
Unemployment rate................| -.2 | .0 | -.2
Not in labor force.................| 1,177 | 1,252| -75
_____________________________________|___________|____________|_____________

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Actually, I think your comments and mine can be harmonized. I spoke more in groups than individuals mainly to keep my post reasonably brief. I think my observation is largely correct from a perspective of group dynamics and trends, while your observations w/r/t individual examples are also correct. Taken together, they comprise the big picture.



stop being constructive, it's a bit unsettling :D

nevertheless - I continue to look forward to the day when people are really blind to group differences and just talk about people as individuals and not demographics

...
Driving is a one dimensional activity - a monkey can do it - being proud of your driving abilities is like being proud of being able to put on pants

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You're very good at sweeping manifesto. Conservatives did this. Reagan started it. Nothing good has ever come from conservatives. Blah.

Got any facts? A nice cogent discussion, perhaps? Save that stuff for an Oscar acceptance speech.


My wife is hotter than your wife.

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Actually, I think your comments and mine can be harmonized. I spoke more in groups than individuals mainly to keep my post reasonably brief. I think my observation is largely correct from a perspective of group dynamics and trends, while your observations w/r/t individual examples are also correct. Taken together, they comprise the big picture.



stop being constructive, it's a bit unsettling :D

nevertheless - I continue to look forward to the day when people are really blind to group differences and just talk about people as individuals and not demographics


Speaking as someone who took a ton of Sociology as an undergrad, I really don't think that's possible. Group dynamics and demographics are very real, and their effects are very real.


Oh, BTW, re:
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What planet is Paul Krugman from?



I'm pretty sure Krugman is a Klingon name.

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Other than our quality of life, and the fact that America is the greatest country this planet has every known. Why else do so many people want to come here?



For your reference:

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Canada’s population grew by 5.9% between 2006 and 2011, up slightly from 5.4% for the previous intercensal period of 2001 to 2006 (Figure 1).

The rate of Canada’s population growth between 2006 and 2011 was the highest among the G8 countries. Only two other G8 countries registered an increase in their population growth in recent years: the United Kingdom and Russia.

Since the beginning of the 2000s, Canada’s population growth has been driven mainly by migratory increase, since natural increase, or the difference between births and deaths, now only accounts for about one-third of this growth. Canada’s substantial migratory increase largely explains why it ranks first for population growth among the G8 countries. The population growth of the United States and of France, for example, is mainly a result of natural increase, with migratory increase being proportionally lower in those countries.



source (one of a few):http://www.weeklyvoice.com/world-news/immigration-makes-canada-no-1-in-population-growth-among-g8-countries/

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Speaking as someone who took a ton of Sociology as an undergrad, I really don't think that's possible. Group dynamics and demographics are very real, and their effects are very real.



sure, and that helps define the individuals and adds benefit to how we interact on a personal level with individuals and that we are lucky to have all those refinements in our society

however, in terms of Government treatment of people (not personal treatment), law should be blind

...
Driving is a one dimensional activity - a monkey can do it - being proud of your driving abilities is like being proud of being able to put on pants

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I continue to look forward to the day when people are really blind to group differences and just talk about people as individuals and not demographics



Why?

What is wrong with establishing that different communities/ethnicities can have different needs?



you can bunch them up into stereotypes if you like

what is wrong with establishing that individuals within or between your cosmetic divisions also have different needs? those are more real

doesn't mean we put them in buckets and give the buckets different rules

...
Driving is a one dimensional activity - a monkey can do it - being proud of your driving abilities is like being proud of being able to put on pants

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doesn't mean we put them in buckets and give the buckets different rules



Yep. As you said earlier, the law needs to be blind. The law also needs to be written in such a way that it stays blind to race. If the blindfold needs to be lifted in order to asses, the law hasn't been written properly, IMO.
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