The genius of the market
It’s one of the great ironies of the current debate in America that so many of the people who oppose the teaching of Darwinism as the definitive explanation of life on earth are only too happy to promote and practice a brutal, dog-eat-dog, survival-of-the-fittest brand of social Darwinism when it comes to organizing modern society.
This morning, two news stories highlight the impact of America’s dramatic shift in this direction:
First, the New York Times reports that there has been a startling and very troubling decline in life expectancy for poorly educated American whites — especially white women. While researchers have identified no definitive cause, it’s almost impossible to imagine that the decline in jobs that were formerly available those unable to finish high school and the shredding of the social safety net that helped lift many into the middle class haven’t both played a role.
Meanwhile, at the top of the food chain, things are headed in the opposite direction. A new report from Forbes as relayed by Think Progress shows that the collective wealth of the 400 richest Americans totaled $1.7 trillion in 2011, a 13 percent jump from the year before, as the stock market reached its highest mark in a decade and real estate rebounded.