Love Trumps Hate
Bread and CircusesSo, essentially, the research described below shows that income disparity leading to inequality is *not* a bug of capitalism, but a feature.
The system is working precisely as intended.
___________________________
A global study led by a researcher at Columbia University and published in the journal Scientific Reports finds that economic inequality on a social level cannot be explained by bad choices among the poor nor by good decisions among the rich. Poor decisions were the same across all income groups, including for people who have overcome poverty.
While economic inequality continues to rise within countries, efforts to address it have been largely ineffective, particularly those involving behavioral approaches. It has been often implied, but until now not tested, that choice patterns among low-income individuals may be a factor impeding behavioral interventions aimed at improving upward economic mobility.
___________________________
FULL STORY -- https://phys.org/news/2023-06-economic-inequality-individual-bad-choices.html
Economic inequality cannot be explained by individual bad choices, study finds
A global study led by a researcher at Columbia University Mailman School of Public Health and published in the journal Scientific Reports finds that economic inequality on a social level cannot be explained by bad choices among the poor nor by good decisions among the rich. Poor decisions were the same across all income groups, including for people who have overcome poverty.
Doug Baker - Elbows Up! 🇨🇦
Heide Estes