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I wish that people started focussing more on the Gini Index and rooting for their country or region to top that list: https://www.cia.gov/library/publications/t
by igravious 9y ago
I wish that people started focussing more on the Gini Index and rooting for their country or region to top that list: https://www.cia.gov/library/publications/the-world-factbook/rankorder/2172rank.html https://www.cia.gov/library/publications/the-world-factbook/...
“Distribution of family income - Gini index measures the degree of inequality in the distribution of family income in a country. The more nearly equal a country's income distribution, the lower its Gini index, e.g., a Scandinavian country with an index of 25. The more unequal a country's income distribution, the higher its Gini index, e.g., a Sub-Saharan country with an index of 50. If income were distributed with perfect equality the index would be zero; if income were distributed with perfect inequality, the index would be 100”
In this table Finland is #1, USA, 40th from the bottom, China is 30th from the bottom. This shows that the size of your economy and how fairly the wealth is distributed is not correlated. It also says that the so-called "American Dream" is a fantasy for much of the population. I also think that this is an index that is important to track _over time_ and I don't know of anyone doing that because then you could see if the country/society/region you're living in is getting more or less unequal over time. I know that I'd prefer that my daughter lived in a country where the wealth was more evenly distributed than than when I was growing up.
In Rawls' Theory of Justice he gets you to imagine that by a "veil of ignorance" you don't know where your position in society is. Given that, he says, you'd prefer a more fairly balanced society and world because you don't know which segment of society you'd be born into and which part of the world. Going by Rawls you'd prefer to be born in Finland (or most places in Europe) rather than China or the USA.