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[财经英语角区] 20111105 Follow Me 179—Oligarchy, American Style—paul krugman [推广有奖]

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kisunchen 发表于 2011-11-5 10:39:11 |AI写论文

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Op-Ed Columnist Oligarchy, American Style
By PAUL KRUGMANPublished: November 3, 2011
Inequality is back in the news, largely thanks to Occupy Wall Street, but with an assist from the Congressional Budget Office. And you know what that means: It’s time to roll out the obfuscators!

Anyone who has tracked this issue over time knows what I mean. Whenever growing income disparities threaten to come into focus, a reliable set of defenders tries to bring back the blur. Think tanks put out reports claiming that inequality isn’t really rising, or that it doesn’t matter. Pundits try to put a more benign face on the phenomenon, claiming that it’s not really the wealthy few versus the rest, it’s the educated versus the less educated.

So what you need to know is that all of these claims are basically attempts to obscure the stark reality: We have a society in which money is increasingly concentrated in the hands of a few people, and in which that concentration of income and wealth threatens to make us a democracy in name only.

The budget office laid out some of that stark reality in a recent report, which documented a sharp decline in the share of total income going to lower- and middle-income Americans. We still like to think of ourselves as a middle-class country. But with the bottom 80 percent of households now receiving less than half of total income, that’s a vision increasingly at odds with reality.

In response, the usual suspects have rolled out some familiar arguments: the data are flawed (they aren’t); the rich are an ever-changing group (not so); and so on. The most popular argument right now seems, however, to be the claim that we may not be a middle-class society, but we’re still an upper-middle-class society, in which a broad class of highly educated workers, who have the skills to compete in the modern world, is doing very well.

It’s a nice story, and a lot less disturbing than the picture of a nation in which a much smaller group of rich people is becoming increasingly dominant. But it’s not true.

Workers with college degrees have indeed, on average, done better than workers without, and the gap has generally widened over time. But highly educated Americans have by no means been immune to income stagnation and growing economic insecurity. Wage gains for most college-educated workers have been unimpressive (and nonexistent since 2000), while even the well-educated can no longer count on getting jobs with good benefits. In particular, these days workers with a college degree but no further degrees are less likely to get workplace health coverage than workers with only a high school degree were in 1979.

So who is getting the big gains? A very small, wealthy minority.

The budget office report tells us that essentially all of the upward redistribution of income away from the bottom 80 percent has gone to the highest-income 1 percent of Americans. That is, the protesters who portray themselves as representing the interests of the 99 percent have it basically right, and the pundits solemnly assuring them that it’s really about education, not the gains of a small elite, have it completely wrong.

If anything, the protesters are setting the cutoff too low. The recent budget office report doesn’t look inside the top 1 percent, but an earlier report, which only went up to 2005, found that almost two-thirds of the rising share of the top percentile in income actually went to the top 0.1 percent — the richest thousandth of Americans, who saw their real incomes rise more than 400 percent over the period from 1979 to 2005.

Who’s in that top 0.1 percent? Are they heroic entrepreneurs creating jobs? No, for the most part, they’re corporate executives. Recent research shows that around 60 percent of the top 0.1 percent either are executives in nonfinancial companies or make their money in finance, i.e., Wall Street broadly defined. Add in lawyers and people in real estate, and we’re talking about more than 70 percent of the lucky one-thousandth.

But why does this growing concentration of income and wealth in a few hands matter? Part of the answer is that rising inequality has meant a nation in which most families don’t share fully in economic growth. Another part of the answer is that once you realize just how much richer the rich have become, the argument that higher taxes on high incomes should be part of any long-run budget deal becomes a lot more compelling.

The larger answer, however, is that extreme concentration of income is incompatible with real democracy. Can anyone seriously deny that our political system is being warped by the influence of big money, and that the warping is getting worse as the wealth of a few grows ever larger?

Some pundits are still trying to dismiss concerns about rising inequality as somehow foolish. But the truth is that the whole nature of our society is at stake.



个人见解 :

when we talk about how inequality we are .did we think of other country ,like the big USA,krugman tall us this problem is in USA too.the little people have the majority wealth.so what do you think when you read this ?

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关键词:Paul Krugman American America KRUGMAN Rugman shared reports 2011 growing Office

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gaper808 发表于13楼  查看完整内容

With plenty of money ,one can holds lots of resources,which in turn bring back much more monry;with no money ,one can do nothing but struggle for living which occupys most of his time and energy ,he just has nothing to grasp the opportunities--this is a Vicious Circle.For now ,the serious inequity is destorying the effciency , say, how can we do a good job without a place to live in.

何干 发表于15楼  查看完整内容

When perceiving inequalities from a global perspective--such as noting the stratification orders between unions of "core," "semi-periphery," and "periphery" nation-states-- one comes to appreciate how any model of inequality that's worth its salt must address numerous systems of social arrangements which ultimately make people and groups "better off" relative to others. Not only must it identify ...
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沙发
bengdi1986 发表于 2011-11-5 10:59:54
楼主做的好细致,欢迎大家积极给楼主评分
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muhouxiaotian + 1 呵呵 翻译工作量不小,我只是找找相关的材料.

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藤椅
happylife87 发表于 2011-11-5 11:21:02
Inequality exists everywhere, but the degree and causes are different. I hope equality is a big trend, but a complete equality may not be seen.
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bengdi1986 + 10 + 1 + 1 + 1 the complete equality is sure not to be

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板凳
benji427 在职认证  发表于 2011-11-5 12:11:44
楼主值得表扬啊

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xlliu007 发表于 2011-11-5 13:26:16
好久没来看了
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地板
wangwh999 发表于 2011-11-5 13:28:55
I think same situation already happend in China right now! To avoid any society unrest in the future, we should consider this issue seriously and find solutions.
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7
muhouxiaotian 发表于 2011-11-5 14:50:56
就在三星期前,“占领华尔街”示威开始之时,如果哪家新闻媒体对此进行报道,可能会招来同行们的嘲笑。最明显的一个例子是,全美广播电台在示威进入第九天后,仍没有任何报道。事实证明,此次示威被低估了。参与者们的狂热让示威不仅持续着,而且不断发展壮大,最终演变成为一次无法被忽视的事件。随着一些工会的加入和民主党派议员的声援,“占领华尔街”影响越来越大,甚至有可能成为美国经济社会的一个转折点。


对此我们将作何评价呢?首先,示威者们控诉华尔街是美国经济、政治的毁灭性势力,这个观点完全正确。

  老掉牙的犬儒主义有一个信条:公平公正将自我实现—在我们的政治辩论中已经被多次提及,笔者有时候也屈从于这一理论。在认同这个理论的过程中,我们面临的经济困境所带来的痛苦就很容易被遗忘。这个遗忘的过程是通过以下三步实现的:

  第一步,银行家们利用撤销金融监管的规定疯狂扩张(以支付自己巨款薪金),通过借贷制造着巨大的金融泡沫;第二步,泡沫破灭,但纳税人却为银行家提供紧急援助(通过国家财政),而仅仅以付出几个附加条件为代价,此后包括普通工人在内的大众继续忍受着因银行家的过失造成的金融危机所带来的痛苦;然后第三步,银行家们以背叛来回报那些拯救他们的人的感激之情: 把民众的支持以及通过紧急援助保留下来的财富交给那些政治家,以换取保持富人的低税率以及解除在之前金融危机之后建立起来的严厉的金融监管的承诺。

  回顾这段历史,你难道不会为那些示威者鼓掌以表明自己的立场吗?

  是的,部分示威者穿着奇装异服,也有部分示威者打着一些听起来比较愚蠢的标语,可是这又如何呢?比起社会底层的年轻人谴责消费主义,至少笔者本人更厌恶那些一边拖欠着ZF担保的贷款,一边不满奥巴马总统批评他们奢侈的银行家。

  那些惨痛的经历也请铭记在心,银行家们不仅没有高人一等的智慧,在金融危机出现时也甚少给出具有建设性意义的建议。虽然CNB对此给予回击,指责示威者们并不严肃认真,但那些信誓旦旦宣称没有房产泡沫的银行家面对艾伦-格林斯潘的预算赤字将推升利率的理论又该作何感想。

  一些相对中肯的批评认为,这些示威并未提出一个具体的政策要求。如果示威者们能在一些主要政策改革上达成一致,将会大为不同。然而,我们不能过多指责他们无法提出详尽的要求。示威者们的诉求是显而易见的,这也是政策精英们及政客们应该做的工作。

  资深的社会运动组织者及社会运动历史学家里奇-叶赛尔森,提议将减轻美国劳动者的债务作为此次示威的行动纲领。笔者持赞同意见,因为减轻债务将有助于促进经济社会的公平公正,并加快经济复苏。笔者也建议示威者应该要求更多的公共建设投资,以创造更多的就业机会,而不是继续减少低收入者的赋税。虽然这两项建议未必可以在现有的政治环境中变成现实,但此次的示威的主要目的就是要改变现有的政治环境。此次示威也确实为政治家们提供了一些机遇,当然,这些机遇不是为那些共和党人准备的,他们批评前总统罗斯福是“阻止富人取得巨额财富的罪人”。就拿共和党总统候选人米特-罗姆尼来说,他所缴纳的税收占其收入的比重与众多中产阶级相比算低了,可当示威一开始的时候,他就指责其是一种“阶级斗争”。

  与此同时,示威之于民主党,则相当于第二次机会。奥巴马ZF此前因为采取了对银行家们有利的政策,却未能取得经济复苏的成果,挥霍了民众美好的期待,换来的却是银行家们的不满与抱怨。不管怎样,如今奥巴马获得了一个重新改过的机会。他们所能做的,是尽可能做到示威者所期望的那样。

  如果此次示威可以促使一些政治家做他们本应该做的事情,“占领华尔街”将会成为一个了不起的成就。
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8
muhouxiaotian 发表于 2011-11-5 15:05:44
公平和效益,中国的是,效率优先,兼顾公平,让一部分人先富裕起来,结果先富的是先富了,结果人家跑到国外去了。这是始料不及的。一言以蔽之:有公平缺少激励,差距大缺少稳定。
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caihongchn + 1 + 1 效率和公平,物质和精神!
gaper808 + 3 + 3 好帖子,顶

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9
wht1028 发表于 2011-11-5 16:11:21
好问题啊

10
zhuimengderen_ 发表于 2011-11-5 16:40:42
...................

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