Inequality and the New Aristocracy

Tuesday, February 17, AD 2009

Running into this article the other day, I was startled to find how many of my own intellectual hobby horses it touched upon. Arnold Kling and Nich Schulz are economists, and their topic is in equality in the modern economy. They cite Google co-founder (and billionaire) Sergey Brin as an example of many of the forces they believe are driving inequality and list the following major forces:

Technology: Brin’s wealth comes from the famous search engine he pioneered with cofounder Larry Page. Their company is a mere ten years old. And yet in the blink of an eye, he has become one of the richest men in the world.

Winners-take-most markets: Certain mass-market fields tend to simulate tournaments in that they produce just a few big winners along with many losers. These include technology/software, as in the case of Google, but also entertainment (Céline Dion), book publishing (Stephen King), athletics (Tiger Woods), and even some parts of academia, finance, law, and politics (as the impressive post-presidential earnings of George H. W. Bush and Bill Clinton demonstrate).

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Just An Observation

Monday, February 16, AD 2009

Wyoming recently has passed legislation that “bans” smoking in public places (except for a list of particular establishments where smoking is still permitted, and except for any county or municipality that doesn’t want to participate in the ban).  There once was hope of increasing the “sin tax” on chewing tobacco.  Elsewhere in the nation, we have had strong campaigns to reduce smoking for sake of health and public expenditure.  Now the campaigns are shifting gears and targeting refined sugars, transfats, and calorie-laden meals.

I understand, to an extent, why people are so concerned about how many times we vist McDonald’s, or much fat is in that bag of potato chips, or whether or not we buy “Biggie”-sized soft drinks.  As we continue to pay for insurance, either private or governmental, the effects are clear.  Bad health practices lead to increase in expenses.  Yet what I find odd is how the whole matter is couched almost as a moral dilemma, a moral crusade.  Isn’t just unhealthy to partake of deep-fat-fried potatoes–it is an abomination that should be punished.

Now, I seem to remember a certain gentlemen who came around saying something like: “Do you not realize that everything that goes into a person from outside cannot defile, since it enters not the heart but the stomach and passes out into the latrine?”

Is it just me, or is our society unwittingly attempting a reversion back to the Old Covenant (though we’ll pick different foods to declare “unclean”)?

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