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Harvard produced many of the people that built a society with staggering and increasing levels of income inequality. Consultants, hedge fund managers, architec
by jimbokun 4y ago
Harvard produced many of the people that built a society with staggering and increasing levels of income inequality. Consultants, hedge fund managers, architects of super addictive social media platforms, politicians who write laws favoring corporations over workers, etc. etc.
- voz_ 4y agoWhat is your point?
- RoyGBivCap 4y agoIt's an oligarch's school for oligarchs? I can't speak for him, but that's my guess.
- layman51 4y agoProbably he means that by giving money to an “elite” school, it just makes it more likely that it will end up hurting the “non-elites”. I don’t necessarily agree with that point by the way because there are students who will have their cost of attendance potentially offset by this donation.
- charcircuit 4y agoIncome inequality doesn't hurt the nonelite.
- bagacrap 4y agoIt at least seems to become a major social problem. See: San Francisco
- layman51 4y agoAre you being serious? I thought that trickle-down economics theory was pretty much debunked in the eyes of most of the nonelite people.
- charcircuit 4y agoI never said trickledown economics. I just said that inequality doesn't hurt people. Some rich person having a 5 star steak dinner doesn't take anything away from how much I enjoyed my own dinner. It's not a zero sum game where a rich person enjoying something takes away from what I enjoy.
- bombolo 4y agoThe rich also enjoy healthcare
- filoeleven 4y agoYou ignored the part where money buys power, and ends up tilting the focus of an entire society towards benefiting the rich instead of ensuring the prosperity of its populace.
- jessekv 4y agoI agree the zero-sum mentality sucks. It introduces really nasty dynamics in society and in the workplace. But extreme inequality is also very unhealthy for society. People with less get exploited. People with more feel entitled to exploit them.
- Retric 4y agoThere are many zero sum things people want. Costal beaches are more accessible to the general public when their rental property rather than empty billionaire vacation homes.
- deleted 4y ago[deleted]
- jabradoodle 4y agoWhat about when you want to buy a house and the price has been driven up people treating housing as an asset class?
- elcritch 4y agoPartly, but it was Milton Friedman at the University of Chicago who helped lay the framework for the "shareholder primacy" theory that really paved the way for the poor longterm corporate management of the last couple of decades.
- kjghkjghkjgh 4y ago"Shareholder primacy" led to the invention of modern vaccines and mRNA discoveries. Was this a poor longterm corporate investment?
- pinewurst 4y agoWhy is that true? It certainly led to the crippling of general corporate scientific research.
- thfuran 4y agoDid it really? Wasn't the research leading to mRNA vaccines performed in a grant-funded university lab?
- kjghkjghkjgh 4y agoIt was Moderna and they are not a grant funded university lab
- thfuran 4y agoThey didn't do the foundational research. They licensed a patent that came out of research from University of Pennsylvania and applied it to COVID.
- x-complexity 4y ago> They didn't do the foundational research. They licensed a patent that came out of research from University of Pennsylvania and applied it to COVID. Incremental research is still research. Application research is still research. The over-emphasis on foundational research from the media & the general public has led to a myopic view of "revolution"-ism, wherein incremental progress in science is considered to be worthless relative to incremental improvements. The discovery of penicillin was a medical breakthrough, but that doesn't mean that the industrial scale-up of penicillin production was comparatively worthless. In fact, in this specific case, the opposite is true: The benefits of penicillin wouldn't have been received if everyone thought that research into scaling up its production was worthless.
- Retric 4y agoHarvard also taught John Franklin Enders Nobel Laureate and “The Father of Modern Vaccines.” Granted they handed him his PhD in 1930, but he played a pivotal role in developing a measles vaccine and Salk was heavily dependent on his work when developing the polio vaccine. That’s rarefied air in terms of net benefit to humanity. More recent examples aren’t as impressive by comparison, but graduates of Harvard school of medicine has collectively done a great deal of critical medical research. And of course many recent graduates have their best breakthroughs ahead of them.
- kjghkjghkjgh 4y agoYeah, all those vaccine inventors from Harvard that became staggeringly rich are what's wrong with society. /s
- eru 4y ago> [...] increasing levels of income inequality. What exactly are you talking about? Global inequality has been on a downward trend in the last few decades.
- socialist_coder 4y agohttps://www.pewresearch.org/social-trends/2020/01/09/trends-in-income-and-wealth-inequality/ https://www.pewresearch.org/social-trends/2020/01/09/trends-... US has the worst income inequality of all G7 nations and has been on the rise since 1980.
- eru 4y ago'Consultants, hedge fund managers, architects' etc don't just restrict themselves to the US, and neither should we. UnAmerican people have moral value, too.
- ImPostingOnHN 4y agoand yet, the problem remains that the US has the worst income inequality of all G7 nations and has been on the rise since 1980, regardless of what happens elsewhere
- shjake 4y agoWhat do you mean by ‘Global Inequality’? Because income and wealth inequality has been steadily increasing in (almost)all developed countries
- listenallyall 4y agoEvery college advances income inequality. In fact, all education does. Let's eliminate k-12 schools!