วันศุกร์ที่ 21 ธันวาคม พ.ศ. 2555

Review of The Spirit Level - Why Equal Societies Almost Always Do Better

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Sex education for potential teenage mothers; free gym membership for the obese; cognitive behavioral therapy for badly behaved children - all are inadequate, piecemeal solutions to the symptoms of a wider social malaise - inequality - says a new book by UK researchers.

The Spirit Level argues that the difference in earnings between richest and poorest in developed societies is the source of a catalog of social problems.

What is more, the authors insist, these problems cannot be solved without first addressing the underlying structures of inequality.

Richard Wilkinson, Professor Emeritus at the University of Nottingham and his co-author Kate Pickett at the University of York argue that throughout human history the most effective way of increasing well-being has been to increase material wealth.

But we have reached "the end of that historical journey".

The starting point of The Spirit Level is the suggestion that when average income levels reach a certain level - comparable to earnings in countries such as Chile or Poland - increases in wealth cease to have any impact on well-being.

The book charts how inequality, not average income, is the more accurate predictor of signs of distress in developed countries - poor mental health, drug abuse, obesity, low educational performance, teenage parenting or violence.

Thus, in the US, one of the world's most unequal societies, one in four people have mental health problems. By comparison, in more equal societies such as Germany, Japan and Spain, the rate is lower than one in ten. This is just one of countless examples, backed up by compelling data. Across the 50 US states the pattern is the same: more equal states do better.

The common explanation for this is that unequal societies have proportionally more poor people. But Wilkinson and Pickett argue that although these problems affect the poor more seriously, the rich still suffer. This is why the super rich in the US, UK and Portugal - three unequal societies - do not live as long as the rich do, for example in Sweden, which has a more equal income distribution.

And this applies across the board. A rich child in the UK will not achieve as much educationally as children do in more equal European states like Belgium or Finland. On the face of it, the message is clear: we all suffer from inequality.

Wilkinson and Pickett draw on a range of evidence and theory, hypothesizing that more inequality leads to greater "status anxiety" - our concern about our standing in the world, whether we are going up or down, if we are winners or losers. Our self-image is forever in need of external praise to accept ourselves. Greater status anxiety leads to negative reactions like stress and violence, and their knock-on effects.

In offering a solution, Wilkinson and Pickett consider how some countries may have succeeded in achieving more equality. It seems that there is no single solution. Sweden and Japan for example, two of the most equal societies, operate by entirely different models.

Sweden has high taxes and redistributes wealth through a large welfare state; Japan, with some of the lowest public spending in the developed world, achieves the same by having much greater income equality before tax.

They also look to solutions already flourishing within unequal market democracies, turning to the success of the not-for-profit sector and workers co-operatives for inspiration.

Almost an outcomes agenda for the economy

A chapter is dedicated to suggesting how this philosophy can link up with current debates about environmental sustainability. Discussing the reduction of carbon emissions, they advocate a system that would make the rich - who inevitably expend more through greater consumption - pay their fair share.

But a more radical approach is needed. They question the entire ethos of consumerism and never-ending economic expansion that, they claim, is fueled largely by status competition. According to their research, cutting economic growth does not mean reductions in real quality of life. It almost sounds like an outcomes agenda for the economy.

Publishing of the book coincides with social activism in the form of The Equality Trust to carry the findings further. The trust is promoting employee-owned businesses; it commissions research on equality issues, lobbies politicians and policymakers, and engages with the media.

Were they to be widely corroborated, the conclusions of The Spirit Level would have potentially far-reaching implications for prevention and early intervention efforts. The authors acknowledge that governments can dampen the impact of some of the privations of growing up in poverty, for instance through social housing, health care and high quality early childhood education.

However, they are forthright in their criticism of interventions to tackle social problems one-by-one, on an individual basis.

"The unstated hope is that people - particularly the poor - can carry on in the same circumstances, but will somehow no longer succumb to mental illness, teenage pregnancy, educational failure, obesity or drugs." They are in no doubt that tackling inequality should be the priority before turning to intervention programs.

They question how far we can go by assisting the poor financially, without reining back the earnings of the rich. Far from being an asset, it appears the super rich are actually a burden on the rest of us. Salary caps and more progressive taxation are one way forward. Although this may horrify supporters of neo-liberal economics, Wilkinson points out that, in a curious twist of logic, equality is actually in everyone's own self-interest.

Addressing inequality is, in some ways, far simpler. It provides a universal remedy for many of society's ills. But it implies a much grander task. Rolling out a program of parenting classes for kids with conduct disorder is hard enough. Taking on inequality implies altering the values of entire societies.

The Spirit Level: Why more equal societies almost always do better by Richard Wilkinson and Kate Pickett is published by Allen Lane. It is also available as an ePub and an eBook.

Prevention Action (http://www.preventionaction.org/) is an online news publication reporting internationally on prevention and early intervention programs for improving children's health and development.

Comprehensive
The focus of the website extends to physical, behavioral, emotional, social and intellectual development. Daily stories, comment and blogs look at the potential causes of impairments to children's health and development, such as poverty, poor housing, genes and gene-environment interactions, and family dysfunction.

We are also interested in public policy, professional practice and public behavior that bears on the success of prevention.

International
Coverage takes a determinedly broad view by reporting on initiatives from all over the world, among developed and developing societies.

Reliable
Prevention Action is intended to provide a high quality resource - as readable as a quality newspaper and as reliable for its high scientific standards as an academic journal.

We are an independent online publication managed by The Social Research Unit at Dartington in the UK http://www.dartington.org.uk/



วันพฤหัสบดีที่ 22 พฤศจิกายน พ.ศ. 2555

Why Historians and Americans Are So Worried About Socialism - Read This Book!

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There is a lot to be said about the economics of socialism, and how the ramp up of converting a capitalist society into a socialist one can bring good times temporarily, as a socialist leader can seize a nation by becoming a populist and wreak havoc on a nation. We've seen this in recent periods in Argentina, Venezuela, Bolivia, and Ecuador. Many in the United States warn we are indeed, headed in the wrong direction with our current leadership, in fact I am one of those who don't like the direction we are headed.

But rather than me get into a long debate on the subject, why not do yourself a favor and read a little history on the topic. Here is a good book to read, I highly recommend it to you:

"Lords of Finance," by Liaquat Ahmed, Penguin Press, New York, NY, (2009), 536 pp, ISBN: 978-15942-01-820.

The book discusses the end of WWI and the demented inspiration of Hitler, and how the NAZIs came into power quickly from a very small group to one of the major parties in only a year and a half. Also discussed are the chaos of war, appeasement, gold Standard, Banks of England, and New York at the time and of course the Great Depression.

The Author suggests we are in the same place today, and he's got a great argument in that the charts sure look a lot the same. Another good book review on this very excellent book can be found online. It was in the New York Times, the title of the article is;

"A Monetary Horror Story that Looks Like Today's," by Janet Maslin on January 14, 2009.

Indeed, I recommend reading both, because I don't want to burst your next bubble, but socialism does not work, read for yourself. Please consider all this.

Lance Winslow is a retired Founder of a Nationwide Franchise Chain, and now runs the Online Think Tank. Lance Winslow believes it's hard to write 20,000 articles; http://www.bloggingcontent.net/

Note: All of Lance Winslow's articles are written by him, not by Automated Software, any Computer Program, or Artificially Intelligent Software. None of his articles are outsourced, PLR Content or written by ghost writers.



วันจันทร์ที่ 12 พฤศจิกายน พ.ศ. 2555

Book Review - Flat World, Big Gaps - Economic Liberalization, Globalization, Poverty and Inequality

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The position advanced by the authors of this book represent a shift from the dominant view in neo-liberal economic circles that economic liberalization and globalization are good for economic growth, poverty alleviation and reducing inequality in society. The authors argue that instead of closing the gaps created by poverty and inequality between countries and within societies, economic liberalization and globalization have made the situation worse. To substantiate their arguments, the authors draw richly from various case studies ranging from Eastern Europe, Latin America, Middle East, East Asia to Africa. The plethora of case studies presented makes this book unique, and exciting to read as it offers the reader the opportunity to search for the evidence themselves to test the validity of the arguments posited. Furthermore, the inclusion of a useful list of tables and figures in the beginning of the book makes it easy to find information that the reader may be urgently looking for a specific use without having to browse through the pages e.g. rates of poverty per region, global Gini coefficients and other useful information.

The book shows that contrary to conventional neo-liberal wisdom that globalization creates opportunities and opens market for countries; it aggravates inequality which the authors attribute to inter-national (globalization) rather than intra-national disparities. The book further shows that the advent of globalization has not brought any improvement in terms of addressing inequality and poverty rates, instead the conditions appear to have worsened. Countries' commitment to social spending has been negatively affected as a result of slow economic growth associated with globalization.

Avoiding being trapped in theoretical deliberations, this book presents a realistic picture of a world which is supported by hard facts on the impact of economic liberalization and globalization. Worth noting is that the issues that the books raise are not necessarily new as other authors have raised them before. However, this book goes a step further to present comprehensive evidence from a myriad of authors. The book therefore gives the reader a sanctuary from which he/she can critical reflect on the developments in the world today without being clouded by neo-liberal propaganda which blindly accepts that economic liberalization and globalization are good for development and creating an equal world. The recent anti-globalization movements throughout the world symbolizes a rise of a giant wave of dissatisfaction among the economical marginalized.

Finally, it is clear that although globalization may have created a world with integrated systems which makes it easier for people to interact and conduct business, it has however created gaps in terms of poverty and inequality. In other words, economic liberalization and globalization has done nothing to close the gaps but instead they have 'globalize inequality'. It is a source worth reading, especially for those who want to understand the impact of globalization and economic liberalization on poverty and inequality.



วันจันทร์ที่ 29 ตุลาคม พ.ศ. 2555

Review on Freakonomics and How it Makes Anyone Suddenly Interested in Economics!

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So at my local library I saw a copy of Freakonomics in the "best seller" area. After a bit of a internal debate I decided to pick it up and boy was I surprised. This book was really good! While economics can often be told as a boring subject with graphs and numbers decorating a big board the book mainly emphasizes the motivation behind human action. Many people enjoy saying that humans are only motivated by greed and selfishness and Freakonomics does a good job of showing how this motivation might affect us in our day to day lives. Without spoiling some results the book describes and proves with a lot of detail certain interesting questions such as what do school teachers and sumo wrestlers have in common?

The presentation of the data and results is one of the major selling points of this book because it is laid out in an enjoyable way while constantly making you want to turn the page and see more mind blowing and humorous details. One of the most interesting topics in the book was how abortion might be a great tool to stop the growth of crime. Once again I don't want to spoil the reasons the author gives to defend his point but a lot of it is definitely based on solid fact. Another topic that many people will most likely deal in their lives presented in the book is how real estate agents might not necessarily be doing the best job possible selling your house even If they earn a % commission to do so. This topic can be applied to many other jobs where people earn commissions and it is quite interesting to see the author's opinion, accompanied by a lot of data, on how some things might not be as we believe they are.

As a final note, this is one of the first book that deals with economics that I completely enjoyed. Not only is it informative but it has great humor and subject matters that can be relevant to our lives instead of only the broad economy of x country. This is a must read, even if you think economy is boring you will probably find some of the subjects presented in the book to be of interest to you

I'm currently interested in health, finance & video gaming/entertainment. If you ever need information on waterproof cast covers or how to select the best fish oil supplement feel free to contact me:).



วันจันทร์ที่ 15 ตุลาคม พ.ศ. 2555

Economic Development in Singapore

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Singapore's history is one of riches and romance spice trading and piracy, colonialism and growth. In the 7th century, she was the Temasek, the trading center of Sumatra's ancient Srivijaya empire.

In 1963, Singapore was part of a political and economic alliance formed between the Federation of Malaya, Sarawak and North Borneo which is now Sabah under the nation of Malaysia. This alliance, proposed by the Malayan Prime Minister Tunku Abdul Rahman, was called Malaysia, and proved to be short-lived.

In 1965, Singapore separated from the Malaysian Federation to become an independent republic. Over 45 years, Singapore has relentlessly pursued the goal of becoming Asia's Pre-eminent center for tourism, trade and finance, by developing education and technical training programs, investment strategies, aviation and environmental policies.

Now the small island republic of only 633 square kilometers, boasts the world's busiest port and an airport served by over 70 of the world's major airlines, serving more than 21 million airline passengers year. This diamond-shaped island is only 224 square miles with the population of 6 million.

As a major tourist destination, Singapore welcomes an average of 12,000 visitors each day.

Singapore has a highly developed market-based economy that depends heavily on exports and refining imported goods, especially in manufacturing, electronics, petroleum refining, mechanical engineering and biomedical science sectors which could in the website in Wikipedia.

This nation is a good example of model urban planning and a former colony of Great Britain, it is a tiny city state. It is a member of Association of Southeast Asian Nation or known as ASEAN. Singapore is a major international hub in whole Asia, it is positioned on many sea and air trade routes.

Slum areas were eliminated and the urban planners have been knowledgeable about the planning experiences in other parts of the world especially in Western Cities.

It is hoped that major cities in the Philippines such as Manila, Cebu, and Davao can learn a lesson from Singapore.



วันพฤหัสบดีที่ 4 ตุลาคม พ.ศ. 2555

Why Not Learn About the Business Cycle and Policy Making Manipulation in Economics

Most people do not really understand the economy, business cycles, how the Federal Reserve works or how on Earth this terrible crisis occurred that ended up taking down the whole world, causing the global crisis we are now in. But in case you are one of them, and if you care to learn a little, might I be so bold as to recommend a very good book to you?

"Meltdown - A Free Market Look at Why the Stock Market Collapsed, the Economy Tanked, and Government Bailouts Will Make Things Worse" by Thomas Woods; Regnery Publishing (2009)

Woods is very critical of politicians that tell us that it is the "Free Market that failed" as he says; NO, that's just not so. So what was the government's role in this, well consider the Community Re-investment Act, Freddie Mac, Fannie Mae, and the Federal Reserve System and their manipulations and intervention of the moving market to achieve the desired results.

This book boasts that it answers the following very important questions: (1) Which brave few economists predicted the economic fallout--and why nobody listened; (2) What really caused the collapse; (3) Why the Fed--not taxpayers--should have to answer for the current economic crisis; (3) Why bailouts are band-aids that will only provide temporary relief and ultimately make things worse; and (4) What we should do instead, to put our economy on a healthy path to recovery.

And I would submit to you that he's done a very good job of showing how our manipulation of the business cycles is nothing more than a scam at times. The author says that the people that believe in Freedom are the smartest people in the world. And you may recognize his name, as he also wrote the bestselling book; "The Politically Incorrect Guide to American History."

He is a free-market guy, and rightfully so, best of all he writes with conviction in an easy to understand format that even a novice can comprehend. I very much recommend this book to you. Think on This.

Lance Winslow enjoys community philanthropy - Lance Winslow likes small business. Lance Winslow has also been involved in the Oil Industry; http://www.oilchangeguys.com/aboutus.shtml.