I like all your posts because they are really useful. Best regards Reply Dominic Cole December 3, at A little bit embarrassing — but I am working late at night!
January Since the s, economic inequality in the US has increased dramatically. And in particular, the rich have gotten a lot richer.
Nearly everyone who writes about economic inequality says that it should be decreased. I'm interested in this question because I was one of the founders of a company called Y Combinator that helps people start startups.
Almost by definition, if a startup succeeds, its founders become rich. Which means by helping startup founders I've been helping to increase economic inequality.
If economic inequality should be decreased, I shouldn't be helping The pie essay. No one should be. But that doesn't sound right. So have we just shown, by reductio ad absurdum, that it's false that economic inequality should be decreased?
That doesn't sound right either. Surely it's bad that some people are born practically locked into poverty, while at the other extreme fund managers exploit loopholes to cut their income taxes in half.
The solution to this puzzle is to realize that economic inequality is not just one thing. It consists of some things that are bad, like kids with no chance of reaching their potential, and others that are good, like Larry Page and Sergey Brin starting the company you use to find things online.
If you want to understand economic inequality — and more importantly, if you actually want to fix the bad aspects of it — you have to tease apart the components.
And yet the trend in nearly everything written about the subject is to do the opposite: Sometimes this is done for ideological reasons. Sometimes it's because the writer only has very high-level data and so draws conclusions from that, like the proverbial drunk who looks for his keys under the lamppost, instead of where he dropped them, because the light is better there.
Sometimes it's because the writer doesn't understand critical aspects of inequality, like the role of technology in wealth creation.
Much of the time, perhaps most of the time, writing about economic inequality combines all three. The most naive version of which is the one based on the pie fallacy: Usually this is an assumption people start from rather than a conclusion they arrive at by examining the evidence.Rainbow Pie is a coming-of-age memoir wrapped around a discussion of America’s most taboo subject ― social class.
Set between and , Joe Bageant uses Maw, Pap, Ony Mae, and other members of his rambunctious Scots–Irish family to chronicle the often-heartbreaking post-war journey of 22 million rural Americans into the cities, where they became the foundation of a permanent white.
For the moment, for more on this process of evolution and 'development in dialogue', see the pages here on "Is the PIE evolving?', and the video on "Learning and .
Debatable Whether Conservative.
The top five in a poll of the greatest songs in the 20th century, according to the Recording Industry Association of America and the NEA. Over the Rainbow (Judy Garland); White Christmas (Bing Crosby); Respect (Aretha Franklin); American Pie (); Also questionable.
Aug 01, · entrée, entremet: A couple of French terms which no doubt retain interest for persons attending hotel and restaurant courses conducted under the shadow of French classical traditions, but have ceased to have any real use, partly because most people cannot remember what they mean and partly because their meanings have changed .
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Join us March 19 for the 84th Year of the Saint Patrick’s Day Parade!
“Keeping the Tradition Alive” Founded in , the St. Patrick’s Day Parade Committee, Inc. is composed of delegates from nearly Irish, Fraternal, Catholic, and Public Safety Organizations as well .