Psychologists have been tracking the phenomenon of “biased self-perception” for years now. But new research suggests that they’ve been blaming the wrong social culprit. Levels of economic inequality, not core culture, seems to be driving how we project ourselves to others.
Any resemblance between democracy and U.S. Presidential politics has become, in our new super PAC era, purely coincidental. The only mystery: Why aren’t billionaires making even bigger bets?
Today’s swaggering rich are increasingly stuffing their dollars into investments that do America’s 99 percent not one whit of good.
TED Talk: We feel instinctively that societies with huge income gaps are somehow going wrong. Richard Wilkinson charts the hard data on economic inequality, and shows what gets worse when rich and poor are too far apart: real effects on health, lifespan, even such basic values as trust.
Researchers have just published a first-ever ranking of U.S. metro areas by number of super rich households they host. Residents of the top ten ultra-rich cities, the researchers seem to think, ought to be cheering. The facts suggest that residents might want to hold their applause.
A research team from the University of Toronto’s Rotman School of Management has found that many of the world’s most successful economies are bucking the conventional business wisdom. They’re combining high levels of innovation and creativity with low levels of inequality.
One luxury automaker is betting big that America’s affluent feel no responsibility to the greater society crumbling all around them.
Mainstream economists all around the world used to assume that equality acted as a drag on economic growth and development. Not anymore, as new International Monetary Fund analyses make quite clear. When will U.S. politicos catch up to the new global consensus?
People who live in societies where incomes face progressive tax rates — that is, societies where tax rates rise as income rises — report higher levels of happiness than people who live in flatter tax systems, notes a new study that compared Gallup polling data from 54 nations.
Fortunes for the world’s rich, notes a new art industry study, may be soaring. But the men and women who deal art are sinking. They’re hurting financially in their wallets — and professionally in their hearts. Amid growing inequality, their clients care more about portfolio management than art.