Sir Michael Marmot, a professor of epidemiology and public health at University College London and director of its International Institute for Society and Health, has spent most of his career studying the link between inequality and health around the world. In a much-publicized paper published in May in The Journal of the American Medical Association, Sir Michael and three colleagues studied health in the United States and in Britain. They found that at various points throughout the social hierarchy, there was more illness in the United States than in Britain.
Sir Michael theorizes that a reason for the disparity was the greater inequalities in the United States and heavier stresses resulting from them.
Other researchers have focused on how income inequality can breed corruption. That may be especially true in democracies, where wealth and political power can be more easily exchanged, according to a study of 129 countries by Jong-Sung You, a graduate student at the Kennedy School of Government at Harvard, and Sanjeev Khagram, a professor of public affairs at the University of Washington in Seattle.
Corruption, of course, can hurt growth by reducing the efficient allocation of public and private resources and by distorting investment. That may end up creating asset price bubbles.
Unchecked inequality may also tend to create still more inequality. Edward L. Glaeser, a professor of economics at Harvard, argues that as the rich become richer and acquire greater political influence, they may support policies that make themselves even wealthier at the expense of others. In a paper published last July, he said, "If the rich can influence political outcomes through lobbying activities or membership in special interest groups, then more inequality could lead to less redistribution rather than more."
In the United States, there is plenty of evidence that this has been occurring. Bush administration policies that have already reduced the estate tax and cut the top income and capital gains tax rates benefit the well-to-do. It seems hardly an accident that the gap between rich and poor has widened.
[New York Times (6/23/2006)]
No, hardly an accident. One almost might suspect that increasing income inequality was the purpose of the policies of the Bush administration, if one was a suspicious sort of person.
The best interpretation one can put on this is that they honestly feel that our society is better off with more and richer rich people, that there's more innovation, more robust international competition, that the well-off will take more risks if they're well taken care of. They may really believe this.
On the other hand, they could just be servicing their clientele.
Bankruptcy court is supposed to be a place where facts remain out in the open. But that seems to be changing in Delaware, one of the largest homes for corporate bankruptcy cases.
The Werner Company, a maker of ladders, filed for Chapter 11 reorganization in June; its bankruptcy is being overseen by Judge Kevin J. Carey of United States bankruptcy court in Delaware.
Earlier this month, Judge Carey agreed to seal documents detailing bonuses that will be paid to nine Werner executives. The move came after company lawyers argued that the pay disclosures “may create low morale and an unhealthy work environment” at Werner.
Ya think?
The judge also shut out the public from the Aug. 17 hearing on the pay. [Emphasis added -- Ed]
absolutist
aggresive
anti-Constitutional
anti-intellectual
arrogant
authoritarian
blame-placers
blameworthy
blinkered
buckpassers
calculating
class warriors
clueless
compassionless
con artists
conniving
conscienceless
conspiratorial
corrupt
craven
criminal
crooked
culpable
damaging
dangerous
deadly
debased
deceitful
delusional
despotic
destructive
devious
disconnected
dishonorable
dishonest
disingenuous
disrespectful
dogmatic
doomed
fanatical
fantasists
felonious
hateful
heinous
hostile to science
hypocritical
ideologues
ignorant
immoral
incompetent
indifferent
inflexible
insensitive
insincere
irrational
isolated
kleptocratic
lacking in empathy
lacking in public spirit
liars
mendacious
misleading
mistrustful
non-rational
not candid
not "reality-based"
not trustworthy
oblivious
oligarchic
opportunistic
out of control
pernicious
perverse
philistine
plutocratic
prevaricating
propagandists
rapacious
relentless
reprehensible
rigid
scandalous
schemers
selfish
secretive
shameless
sleazy
tricky
unAmerican
uncaring
uncivil
uncompromising
unconstitutional
undemocratic
unethical
unpopular
unprincipled
unrealistic
unreliable
unrepresentative
unscientific
unscrupulous
unsympathetic
venal
vile
virtueless
warmongers
wicked
without integrity
wrong-headed
Thanks to: Breeze, Chuck, Ivan Raikov, Kaiju, Kathy, Roger, Shirley, S.M. Dixon
recently seen
i've got a little list...
Elliott Abrams
Steven Abrams (Kansas BofE)
David Addington
Howard Fieldstead Ahmanson
Roger Ailes (FNC)
John Ashcroft
Bob Bennett
William Bennett
Joe Biden
John Bolton
Alan Bonsell (Dover BofE)
Pat Buchanan
Bill Buckingham (Dover BofE)
George W. Bush
Saxby Chambliss
Bruce Chapman (DI)
Dick Cheney
Lynne Cheney
Richard Cohen
The Coors Family
Ann Coulter
Michael Crichton
Lanny Davis
Tom DeLay
William A. Dembski
James Dobson
Leonard Downie (WaPo)
Dinesh D’Souza
Gregg Easterbrook
Jerry Falwell
Douglas Feith
Arthur Finkelstein
Bill Frist
George Gilder
Newt Gingrich
John Gibson (FNC)
Alberto Gonzalez
Rudolph Giuliani
Sean Hannity
Katherine Harris
Fred Hiatt (WaPo)
Christopher Hitchens
David Horowitz
Don Imus
James F. Inhofe
Jesse Jackson
Philip E. Johnson
Daryn Kagan
Joe Klein
Phil Kline
Ron Klink
William Kristol
Ken Lay
Joe Lieberman
Rush Limbaugh
Trent Lott
Frank Luntz
"American Fundamentalists"
by Joel Pelletier
(click on image for more info)
Chris Matthews
Mitch McConnell
Stephen C. Meyer (DI)
Judith Miller (ex-NYT)
Zell Miller
Tom Monaghan
Sun Myung Moon
Roy Moore
Dick Morris
Rupert Murdoch
Ralph Nader
John Negroponte
Grover Norquist
Robert Novak
Ted Olson
Elspeth Reeve (TNR)
Bill O'Reilly
Martin Peretz (TNR)
Richard Perle
Ramesh Ponnuru
Ralph Reed
Pat Robertson
Karl Rove
Tim Russert
Rick Santorum
Richard Mellon Scaife
Antonin Scalia
Joe Scarborough
Susan Schmidt (WaPo)
Bill Schneider
Al Sharpton
Ron Silver
John Solomon (WaPo)
Margaret Spellings
Kenneth Starr
Randall Terry
Clarence Thomas
Richard Thompson (TMLC)
Donald Trump
Richard Viguere
Donald Wildmon
Paul Wolfowitz
Bob Woodward (WaPo)
John Yoo
guest-blogging
All the fine sites I've
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Be sure to visit them all!!
recent listening
influences
John Adams
Laurie Anderson
Aphex Twin
Isaac Asimov
Fred Astaire
J.G. Ballard
The Beatles
Busby Berkeley
John Cage
"Catch-22"
Raymond Chandler
Arthur C. Clarke
Elvis Costello
Richard Dawkins
Daniel C. Dennett
Philip K. Dick
Kevin Drum
Brian Eno
Fela
Firesign Theatre
Eliot Gelwan
William Gibson
Philip Glass
David Gordon
Stephen Jay Gould
Dashiell Hammett
"The Harder They Come"
Robert Heinlein
Joseph Heller
Frank Herbert
Douglas Hofstadter
Bill James
Gene Kelly
Stanley Kubrick
Jefferson Airplane
Ursula K. LeGuin
The Marx Brothers
John McPhee
Harry Partch
Michael C. Penta
Monty Python
Orbital
Michael Powell & Emeric Pressburger
"The Prisoner"
"The Red Shoes"
Steve Reich
Terry Riley
Oliver Sacks
Erik Satie
"Singin' in the Rain"
Stephen Sondheim
The Specials
Morton Subotnick
Talking Heads/David Byrne
Tangerine Dream
Hunter S. Thompson
J.R.R. Tolkien
"2001: A Space Odyssey"
Kurt Vonnegut
Yes
Bullshit, trolling, unthinking knee-jerk dogmatism and the drivel of idiots will be ruthlessly deleted and the posters banned.
Entertaining, interesting, intelligent, informed and informative comments will always be welcome, even when I disagree with them.
I am the sole judge of which of these qualities pertains.
E-mail
All e-mail received is subject to being published on unfutz without identifying names or addresses.
Corrections
I correct typos and other simple errors of grammar, syntax, style and presentation in my posts after the fact without necessarily posting notification of the change.
Substantive textual changes, especially reversals or major corrections, will be noted in an "Update" or a footnote.
Also, illustrations may be added to entries after their initial publication.
the story so far
unfutz: toiling in almost complete obscurity for almost 1500 days
If you read unfutz at least once a week, without fail, your teeth will be whiter and your love life more satisfying.
If you read it daily, I will come to your house, kiss you on the forehead, bathe your feet, and cook pancakes for you, with yummy syrup and everything.
(You might want to keep a watch on me, though, just to avoid the syrup ending up on your feet and the pancakes on your forehead.)
Finally, on a more mundane level, since I don't believe that anyone actually reads this stuff, I make this offer: I'll give five bucks to the first person who contacts me and asks for it -- and, believe me, right now five bucks might as well be five hundred, so this is no trivial offer.