A couple of days ago I mentioned that I was going to be doing a post about Chrystia Freeland‘s book Plutocrats. I haven’t yet finished it, but there is something I wanted to talk about before I got to the end. I’m about halfway through the book and the main focus of the conversation is the 0.1% vs. the 1%. The sad truth in Freeland’s words is that those in the 1% continue to spend like they’re in the 0.1% (for a variety of reasons that I won’t get into right now). The important piece here is that they’re not happy with where they are — and they’re looking up.
The idea of the “grass is greener on the other side” seems to be a theme that runs throughout (at least the first half) of Freeland’s book. So, as I was reading, I thought, if people just looked down, they’d be a lot happier. Proverbially down, of course. And not in a pejorative fashion as in the phrase, “looking down your nose.”
I’m sure you’ve heard the phrase that someone’s always got it worse than you — why don’t we implement this as a way of being? Instead of being upset that we can’t buy the newest Bentley or Ferrari, why can’t we “look down” to the person next on the wealth list and realize that we have it better than they do? I hope it’s clear that I’m not suggesting that people think of themselves as “better than” the people who would follow them on a wealth list. I’m merely trying to emphasize how well that people have it and that if they compared themselves (down the chain) they’d probably feel better about themselves. My secret wish is that this would also foster more empathy within us.
So, I wonder… do you think that we can take back the phrase “looking down your nose at someone” and turn it into a good thing? Probably not, but I hope that the next time you hear someone say this (or the next time you think it?) you’ll remember my brief conversation about how much better we’d feel if we compared ourselves to those who had less than to those who have more.
Posted in Politics
Tagged Bentley, Chrystia Freeland, Compassion, Economic inequality, Empathy, Ferrari, Financial Inequality, Fresh Perspective, Income, Inequality, Looking Down Your Nose, Plutocracy, Plutocrats, Wealth
This past summer, I wrote a post that shared some information about wealth inequality in the US. I was actually sharing information that had been published the summer before (in 2011). There was a telling graphic that followed as a result of the study (I’ve included it below):
Keeping in mind that this study was published in 2011, so the three boxes may have shifted. If anything, I would imagine that the actual distribution (the top box) is more pronounced in its inequality and because of Occupy Wall Street and books like Chrystia Freeland‘s Plutocrats (which I’m currently reading and will probably have a post on in the near future), I would guess that people would be more aware of the wealth inequality, so the middle box would also be more pronounced in its inequality.
The reason that I decided to revisit this information is because there’s a video that’s being passed around that uses the information from this study (and this graphic) and presents it in a much more effective way. Before reading on, I’d urge you to watch it:
Now, can you see how much more effective that is in accentuating the differences between perception and reality? I especially appreciated the way the creator of the video used the an aggregate of 100 people to illustrate the differences between the percentiles. I’ve found that when numbers get really large, it can be hard for people to conceptualize the differences. For instances, if we look at the graphic above (in this post), the differences are plain to see, but there’s something about the limits of the rectangle. The representation of the quintiles don’t make for easy transferability from one quintile to the next. That is, it might be hard for to conceptualize that each of those colors is suppose to represent 20% of the population. In watching the video, though, the creator so eloquently differentiated between quintiles by taking an aggregate of 100 people and then actually showing the people from each group.
I think the video was really well done and I hope that it raises public awareness around this important issue. More than that, I hope that it motivates the public to actually want something to get done. If enough of the population pressures their legislators, we just might be able to make a change.
Posted in Politics, Technology
Tagged Chrystia Freeland, Dan Ariely, Economic inequality, Fresh Perspective, Income Inequality, Inequality, Ninety-nine Percent, Occupy Wall Street, One Percent, Plutocracy, Plutocrats, Top 1, Wealth, Wealth Inequality