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Showing posts from July, 2011

Opinion: Power to the people`s republic

The July 5 New York Times science section ran a fascinating article called, “Thirst for Fairness May Have Helped Us Survive.” It argues that “humans have an inherent distaste for hierarchical extremes,” and that “the thirst for fairness runs deep.” But “low hierarchy doesn`t mean no hierarchy,” and “the basic template for human social groups is moderately but not unerringly egalitarian.” This view of human nature is in conflict with our current American society, where wealth is becoming more and more concentrated in a small segment of our population. The effect of this concentration is felt in our political life, where the ability to spend enormous sums on elections has become a dominant determinant of who gets elected. The “Citizens United” decision exacerbated this problem, allowing corporations to make political donations, not as the shareholders might want, but as the corporate officers choose. None other that John C. Bogle, the founder of Vanguard Funds, wrote an editorial for...