Quote:The GINI effect is not a natural consequence of globalization or the ‘bell curve’ that LKY used to quote excessively; to place each person in an immutable position based on natural abilities. In a study by OECD, although globalization and technology do play a role in raising inequality, the difference in GINI coefficient between the countries is a matter of government policies. Our high and socially corrosive GINI coefficient is a result of policies driven by a philosophy of elitism. It is wrong to view it as a trade-off between national income and social cohesion. It is their political philosophy of meritocracy and power that concentrate growth at the top end. The Nordic countries do present us with alternative models. The reason this is rejected has less to do with incompatibility and more to do with political control.
Posted on: Tue, 01 Apr 2014 12:17:03 +0000
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