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Posts Tagged ‘Inequality

Why does the white man have so much cargo?

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Jared Diamond began his quest to discover the roots of inequality when an acquaintance, native to Papua New Guinea, asked why the white men had so much more “cargo” than the people of Papua New Guinea.  The theories that arose out of his study were published in the book “Guns, Germs and Steel”.

National Geographic did a documentary series based on Jared Diamonds book, which explores Diamond’s conclusions on why some civilizations have historically enjoyed tremendous prosperity and development while others languished.  The three part series is an intriguing study of Diamonds exploration – well worth watching.

Part 1

Part 2

Part 3

Trickle where? economics

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The Wall Street Journal reports that a study of 30 nations has found inequality to have increased over the last twenty years.  Despite strong economic growth over the 20 years the study was conducted, the middle-income earners are falling behind while the wealthy continue to amass more riches.  Bellow are two salient quotes from the article.

“The U.S. has the highest inequality and poverty rates in the OECD (Organization for Economic Cooperation and Development) after Mexico and Turkey, and the gap has increased rapidly since 2000, the report said. France saw inequalities fall as poorer workers are better paid.”

“In the U.S., the richest 10% earn an average of $93,000 — the highest level in the OECD. The poorest 10% earn an average of $5,800 — about 20% lower than the OECD average.”

Written by Aaron Nee

October 28, 2008 at 12:44 am