Saturday, August 20, 2016

WEALTH CAN BE BAD FOR YOUR SOUL. [EXCERPTS]

Privilege, Pathology and Power
www.nytimes.com

By PAUL KRUGMAN 
January 1, 2016

Wealth can be bad for your soul. That’s not just a hoary piece of folk wisdom; it’s a conclusion from serious social science, confirmed by statistical analysis and experiment. The affluent are, on average, less likely to exhibit empathy, less likely to respect norms and even laws, more likely to cheat, than those occupying lower rungs on the economic ladder. [...]

Just to be clear, the biggest reason to oppose the power of money in politics is the way it lets the wealthy rig the system and distort policy priorities. [...]

[...] it’s not trivial. Oligarchy, rule by the few, also tends to become rule by the monstrously self-centered. Narcisstocracy? Jerkigarchy? Anyway, it’s an ugly spectacle [...]

ENTIRE ARTICLE HERE