Brice Royer, a man for whom I have much admiration: What I learned is that our economy is like an onion. It affects our health in multiple layers — and not just our physical health, but our mental health, our relationships, our environment, and yes, our work, careers and careers as well. Which economist told you that? One of them is the Nobel Prize Economist and former World Bank chief Joseph Stiglitz. He basically is saying that our economy is unsustainable environmentally and socially. One problem is income inequality. He says and I quote: “Some people say we have this [income] inequality because some people have been contributing much more to our society, and so it’s fair that they get more. But then you look at the people who are at the top and you realize they’re not the people who have transformed our economy, our society. They’re not the inventors of the lasers the transistors, the computer, the discoverers of DNA. They’re the bankers that exploited the poor, the CEOs who took advantage of the deficiencies of our corporate governing structure to a larger and larger share of the corporate revenues without increasing the productivity and performance of the companies or our economy as a whole.. Because the rich, needing few public services and worried that a strong government might redistribute income, use their political influence to cut taxes and curtail government spending. This leads to underinvestment in infrastructure, education and technology, impeding the engines of growth.” So in other words, the reason why Vancouver has ‘teacher strikes’ and underfunded education, health care and social services, is because of one of those reasons. The economy is actually the biggest factor on your health, even more important than exercise, diet, and vitamins. One study, for example, suggested that the loss of life from income inequality in the US in 1990 was the equivalent of the combined loss of life due to lung cancer, diabetes, motor-vehicle accidents, HIV-related causes, suicide and homicide. hellovancity/news/game-changer-brice-royer-gift-economy/
Posted on: Sun, 29 Jun 2014 06:15:33 +0000
Recently Viewed Topics
© 2015