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Excerpt: "Lately inequality has re-entered the national conversation. Occupy Wall Street gave the issue visibility, while the Congressional Budget Office supplied hard data on the widening income gap. And the myth of a classless society has been exposed: Among rich countries, America stands out as the place where economic and social status is most likely to be inherited. ... Suddenly, conservatives are telling us that it's not really about money; it's about morals. ... But is it really all about morals? No, it's mainly about money."

Portrait, New York Times columnist Paul Krugman, 06/15/09. (photo: Fred R. Conrad/NYT)
Portrait, New York Times columnist Paul Krugman, 06/15/09. (photo: Fred R. Conrad/NYT)


Money and Morals

By Paul Krugman, The New York Times

10 February 12

 

Occupy Wall Street: Take the Bull by the Horns

 

Lately inequality has re-entered the national conversation. Occupy Wall Street gave the issue visibility, while the Congressional Budget Office supplied hard data on the widening income gap. And the myth of a classless society has been exposed: Among rich countries, America stands out as the place where economic and social status is most likely to be inherited.

So you knew what was going to happen next. Suddenly, conservatives are telling us that it’s not really about money; it’s about morals. Never mind wage stagnation and all that, the real problem is the collapse of working-class family values, which is somehow the fault of liberals.

But is it really all about morals? No, it’s mainly about money.

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+70 # Kasandra 2012-02-10 08:27
Krugman is touching the surface on what I've been observing getting worse and worse every day. The biggest problem with a money oriented society is that people lose heart and soul, and instead cultivate competition, back stabbing, devious practices, pretenses, gossip and maliciousness. The money culture is no longer serving the highest morals of the people. Something's gotta give!
 
 
+21 # dorianb@fuse.net 2012-02-10 09:49
kasandra: This is a wonderful comment!
 
 
+16 # bugbuster 2012-02-10 09:56
We all know people starting little businesses and undercharging for their services. They cannot get rich because they do not feel entitled to be rich.

Contrast that to Bill Gates. When he was a kid writing little programs that other people liked and wanted to use, he would make sure he got money for every instant of effort, no matter how trivial. He felt entitled to wealth from the beginning.

*That* is the difference between rich and poor. If that involves a moral dimension, the balance probably weighs in favor of the poor.
 
 
-51 # Robt Eagle 2012-02-10 10:53
Kasandra, so who is supposed to GIVE? That is called charity, and it certainly is NOT the poor who donate vast sums of money to those less fortunate. OK, let's take all of Tom Cruise's assets and dole it out in say Harlem, or Chicago. That will certainly equalize the situation, won't it?
 
 
+19 # Ken Hall 2012-02-10 19:55
Actually the rich give a smaller percentage of their income to charity than does the middle class. Greedy bastards, that how they got so rich.
 
 
+12 # sandyclaws 2012-02-11 04:30
I agree with Ken Hall. I was the united way rep where I worked and the smallest donations if any came from the administrators and dept heads. The largest donations were made from the lowest paid people. They know from experience what it means to need help.
 
 
+10 # Texas Aggie 2012-02-11 21:23
You'll notice that those who tip the waiters the most are those who once worked waiting tables.
 
 
+7 # Texas Aggie 2012-02-11 21:28
The thing that has to give is that the rich will have to accept that they only "earn" in relation to the amount of benefit they create to society. Working the angles to squeeze out more than they create has to go.

And it isn't the rich, either, who donate to the poor. What the rich donate to are right wing politicians and PAC's along with right wing think tanks and other organizations working to make sure the rich get to suck even more off of society. The days when the right wing industrialists like Ford and Carnegie set up foundations to help improve society and built libraries are long gone
 
 
+9 # doneasley 2012-02-10 17:42
Kasandra, you're soooo right. The real problem is the fact that our kids are not dumb - they're watching every move we make. That's why so many young people are following the money and taking on professions that are lucrative, rather than pursuing not-so-lucrative fields that they really love.

The greedy MBA's of the world are killing us.
 
 
+46 # XXMD48 2012-02-10 08:50
Over more then 6 decades of life I came to a conclusion that morality and money are related in an inverted ratio. The more money, the less true morality and vice versa. It does not reflect any true morality when someone first rips off people of their money, savings, homes, jobs, strips them of their wages and benefits, accumulates millions/billions and then trumpets charitative giving by donating for varying "charities "(which are tax deductible) and making sure that these actions are glorified again and again on radio, TV and in newspapers.
 
 
-56 # Robt Eagle 2012-02-10 10:50
xxmd48, so let me get this straight...Bill Gates, one of the wealthiest of all time gives muti-millions to help the planet, and those less fortunate to get educated. Bill Gates has no morality? You really have no sense of what exists in the higher echelons of society. The really wealthy do so much for those less fortunate, but if they live a good life it is a bad thing. How about Barbara Streisand and Robert Redford, who have ungodly amounts of money from entertaining millions of folks, lets strip them of their assets and give it to the drug addicts and alcoholics who drain our society. Great thought process!
 
 
+21 # Todd Williams 2012-02-10 11:03
No Robert, you know that was not meant like that. Come on. We all know about rich people and charity. You can certainly help people out and lead the so-called "good life" at the same time. Don't be so silly. Everybody here knows you are far right.
 
 
+2 # AMLLLLL 2012-02-11 06:32
Todd, there is actually a graph illustrating whereof you speak. It demonstrates that in times of higher more progressive taxes, the wealthy lose maybe 5-10% of disposable income while the working class gains something like 50%. It's just history, not opinion.
 
 
+14 # bluepilgrim 2012-02-10 11:30
I can't think of anyone who did more damage to the computer industry than Gates, with his financial manipulations and unethical monopoly which destroyed many good computer people -- and his rotten Microsoft software, full of bugs and security holes. We would all be better off if he had become a plumber.

Even the money he gives away does as much harm as good -- except for him. He's a predator.
 
 
+10 # sandyclaws 2012-02-11 04:47
I'd like to know why it is that you are refering to a handful of people that do good works instead of the folks that took bailout money and gave themselves multi-million dollar bonuses. Why don't you refer to the folks that get hundreds of millions of dollars in a golden parachute. Why don't you refer to the folks who have stolen folks pensions over the years. What about the folks that put together bad investment vehicles and buy insurance on them knowing they will fail. What about all those CEOs that move the working end of their business overseas so they can take advantage of people that are not protected by OSHA, EPA, NLRB, etc and have them work for slave wages while the company takes advantage of the pitiful taxes they are charged in this country. There are many fund managers that make the entertainers you mention look like paupers. If you keep educating yourself with material from the GOP stink tank you will remain ignorant.
 
 
+1 # Texas Aggie 2012-02-11 21:33
Now, now. Don't spoil Mr. Eagle's argument with facts. Making fun of the handicapped isn't nice.
 
 
+3 # Texas Aggie 2012-02-11 21:31
For every Bill Gates you can think of, I'll raise you a Singer, a Devos, a Koch, a Walton and a Dimon.
 
 
+19 # giraffee2012 2012-02-10 09:17
$ equates to GOP/TP and if you vote GOP/TP you will starve in a few years. Listen to Boehener, The Turtle, etc as they flip flop on what they want for the Big$ (thanks Stupremes) with the aim of capturing our government - bc they give no agenda for you/me -

Clearly they are bought and paid for by the Koch brothers and Norquist types who are the rise of the new Nazi Party in the USA - although they call themselves Republicans.

Never vote GOP/TP or we'll all end up like the Syrians, Jews in Nazi Germany, - get the picture?
 
 
+4 # sandyclaws 2012-02-11 04:53
I can't see how you can critisize our supreme court. They are the best judges money can buy! I would like to know what the difference is between Neo-Con and Neo-Nazi besides the spelling.
 
 
0 # Texas Aggie 2012-02-11 21:35
Many, maybe most, of the Neo-Cons are Jewish. Other than that, there isn't a whole lot of difference.
 
 
+38 # bugbuster 2012-02-10 09:20
The idea that the poor are poor because they are immoral is not a new one. Through the centuries it has been trotted out every time someone points out to the rich the hardships of the poor.

The poor are poor because they don't have enough money. They stay poor because you have to spend money to make money, not because they are getting a little on the side. (They do that to relieve the stress, and the rich do too.)

The rich are rich because and think they are superior because they have too much money. When you have too much money, you have to want to lose money to lose money. It takes skill *not* to make money when you have too much of it. If you have 200 million dollars, and you buy a CD yielding 0.5%, you make a million dollars.
It doesn't take any skill or moral superiority to do that, but it apparently does give one a false sense of one's own superiority.
 
 
-45 # Robt Eagle 2012-02-10 10:47
bug, too much money? So let me understand this...you believe that those who have earned mega bucks, like Madonna, and Arnold, and BonJovi should be equalized and taxed to take care of those who have done nothing for society. Let's take a drug abuser who is poor and destitute...let's give him to Madonna to take care of and the government assign him.
 
 
+27 # Todd Williams 2012-02-10 11:04
Again Robert, you take the most outlandish stances and pass them off as reasonable thought. I see right through your game. It's very transparent, and I may add, ineffective.
 
 
+5 # Texas Aggie 2012-02-11 21:41
You're going to sit there with a straight face and claim that the Wall St. banksters who created rotten loans that they sold as AAA and then made bets that the housing bubble would crash EARNED their money?! You're going to claim that the hedge fund managers who bet other people's money on speculative ventures and take their cut whether or not the speculation succeeds or fails EARNED their money?!

Don't forget that those people have taken a lot more out of the economy than all the entertainers put together. Don't you agree that it's dishonest to focus on a small subset that doesn't represent the whole and try to pretend that it does?
 
 
-45 # Robt Eagle 2012-02-10 10:44
Mr. Krugman, can't you write something of value? Your short two or three paragraph BS has no value. Where is your economist doctrine? There is nothing said is this short tripe.
 
 
+24 # Todd Williams 2012-02-10 11:06
Ah, again a favorite ploy of the far right - attack the messenger. I know you hate Krugman. Lord knows I've read every anti-Krugman post you've ever made. Don't you get tired of writing this tripe?
 
 
+12 # Glen 2012-02-10 12:45
Robt, you might, perhaps want to click on the "read more on The New York Times website" option below the article to actually see that there are many more than "two or three" paragraphs.
 
 
+4 # Texas Aggie 2012-02-11 21:43
Oh, is that what that button is for? - Robt Eagle
 
 
+4 # Ken Hall 2012-02-10 19:59
Robert Eagle, can't you write something that has any real thought behind it? I suspect if there was a DNA test we'd come up with a cross between an ostrich and a turkey.
 
 
+16 # davidiste 2012-02-10 10:46
Unfortunately there are highly visible bad apples among the crusaders for hoarding wealth. But there are many never noticed citizens who are wealthy and do a reasonable amount of spreading it around. I'd be loathe to imagine everyone being lumped into an either/or defined basket for the sake of sloganeering.The biggest problem is a minority who are primarily either elected to the mostly Republican party or those who sponsor them to secure and maintain getting wealth then advocating how they owe society nothing, including their share of taxes. This same group imagine that they are immune to environmental,c ommunity and national degradation. They feel insulated, and safe with their wealth. This attitude is branded eventually in Washington. This nation devoted decades to exalting business ethics and imagine that making a business man president will cure everything. Yet business ethics exonerate greed. By following business ethics we follow the path of the lemmings off the cliff.
 
 
-37 # Robt Eagle 2012-02-10 11:35
Savidiste, so business and the Republicans who actually think business is good for America, are immoral? So the computer you are doing this on is from bad folks. and the airplanes in the sky are from bad folks. And the trains, and the cars, and the refrigerators, wahing machines, MRI's, water purification plants, shipping lines, real estate builders, fashion designers, entertainers, football and basketball players, furniture manufacturers, coal mining companies, plumbing companies, to name a few are all immoral. give me a break, business is good and for the most part moral. The owners make things. Financial institutions are good too. Like life insurance companies who help to keep families afloat if someone dies.
 
 
+15 # Glen 2012-02-10 12:51
Robt, The owners do NOT make things. Folks like you and I and the majority of Americans make things. The owners CONTROL the things made, and in many cases even those who actually do make those things. Guess you haven't noticed that insurance companies in the U.S. are more expensive than in any developed country and very often refuse coverage or deny payment when needed. Also, only those who have the money to make the payments can afford insurance - and those folks are very often working their butts off - for those very wealthy folks you support.
 
 
+11 # Todd Williams 2012-02-10 12:53
So Robert, these people are operating these business out of the goodness of their hearts. They are magnanimous in their generosity. Again, Robert, you twist people's words to fit your right wing agenda. I see tright through the bullshit, Robert. It's the same old crap from the same old, worn out, tired right wing. Snore..........
 
 
+18 # bluepilgrim 2012-02-10 12:59
The computers, airplanes, etc. were designed and made by workers. I worked making this sort of stuff, and got paid very little for it; most of the profit was siphoned off by people rich enough to own the factories, and the political system, and game the system to keep workers down. Even most of the good management was done not by the rich, but the workers in middle management or shop foremen.

The rich actually produce almost nothing tangible or of real value, but mostly rather grief, misery, and inefficiency, more money for themselves, and a political and economic system which traps everyone in a cycle towards destruction.

Forget this myth about the rich producing things: you aren't fooling anyone here.
 
 
+3 # mhog jones 2012-02-11 01:36
Capital (a pile of money or dots on a computer screen) never "made" anything. We'll do fine without you.
 
 
+3 # mebemo 2012-02-11 11:15
Dear Robt:
I notice that there is always an undercurrent of hostility in your comments, and this is a reliable indicator of an unhappy person.

So why should we follow the life precepts of an unhappy person?

If you could show some signs of being joyful or kind or both, you might be better worth reading.

Check out anything by the Dalai Lama, for openers. Stop identifying with your opinions and watch what happens. An open heart is the best companion.
 
 
+4 # mebemo 2012-02-11 11:31
It's difficult to have meaningful discourse with a person who sees everything in black or white dichotomies.

Business is good for America when it helps people to have happy and meaningful lives. When it pollutes the environment or stifles mental development, it's not so good. When it subverts the ideals of democracy and locks power in the hands of a selfish minority, it's no so good, either.

Is that so hard to understand?
 
 
+12 # vicnada 2012-02-10 11:15
Morality cannot be meaningfuly discussed without its prerequisite: human freedom. When one acts as freely, core moral character is displayed. So when money is involved, you have to ask: How do the constraints of poverty or, conversely, the liberty of wealth influence the soul of each individual actor? For example, does Mitt Romney feel his wealth as a moral burden? And do conservatives who formulate their modern social programs really care, as did Charles Dickens for his Oliver? There's precious little Twist in their tale to prove it.
 
 
+26 # Majikman 2012-02-10 12:19
Mr. Eagle. When you venture beyond right wing slogans and talking points into reason and logic you are embarrassingly beyond your depth. Sophistry would be an improvement.
 
 
+13 # Todd Williams 2012-02-10 12:54
I wish I could hit the thumbs up button 100 times for this comment!
 
 
+13 # reiverpacific 2012-02-10 16:35
Folks, I think that the best way of dealing with Robot-Eagle is to ignore him and let him rave on. My newest resolution.
Hell, he can't answer the simplest question of where I can get a post on a right wing site, program or anything else without being screened out and never has anything constructive to add, so please turn your worthy attentions to debate; he ain't worth y'r time nor goodness.
You can't rattle an empty tin can. 'nuff said.
 
 
+3 # Ken Hall 2012-02-10 20:05
Yeah, reiver, he probably craves the attention the way a dog craves attention, even if it's a beating. His comments are silly and weak, and nobody would miss him cuz he doesn't have anything to say. Let's ignore the ignorant.
 
 
+4 # pernsey 2012-02-10 20:27
Quoting
Folks, I think that the best way of dealing with Robot-Eagle is to ignore him and let him rave on. My newest resolution.
Hell, he can't answer the simplest question of where I can get a post on a right wing site, program or anything else without being screened out and never has anything constructive to add, so please turn your worthy attentions to debate; he ain't worth y'r time nor goodness.
You can't rattle an empty tin can. 'nuff said.


I like the ignoring idea...processed and done! There are no right wing venues that allow any other opinions. So Reiverpacific Im with you on this one.
 
 
+1 # Texas Aggie 2012-02-11 21:47
"You can't rattle an empty tin can."

That's good. I'll use it if you don't mind.
 
 
0 # reiverpacific 2012-02-12 10:40
Quoting
"You can't rattle an empty tin can."

That's good. I'll use it if you don't mind.

Be my guest, T.A.
 
 
+10 # ozken 2012-02-10 16:49
Maybe that recent article about right wing mindsets being dumb was right after all.
 
 
+12 # Rick Levy 2012-02-10 17:20
In America, a strong work ethic and putting in long hours (assuming you can get a job in the first place) don't guarantee success. You can work your ass off for 50 years and still wind up on the bottom socioeconomic rung.

The U.S. is the land of serfdom for those who lack the good fortune of opportunity
 
 
+5 # Texas Aggie 2012-02-11 21:52
You want a blatant example of what you just said, look at what happened at ENRON. The bosses knew they were running a crooked game and saw what was coming and sold off their stock. So they got rich while all the while telling the small guys whose 401 (k)'s were in ENRON stock that everything was just peachy keen. So the little guys are now impoverished even though they worked their whole lives for the company, but the upper level made out like the bandits they are.
 
 
+7 # ganymede 2012-02-11 12:03
As usual, Paul Krugman brilliantly asseses the historical logjam we're in. No one really has the answers and I'm beginning to think that all can be done at this point is use certain European countries as models for the type of social democracy we want to create here.

Rightwing forces have so abused the essence of our country to the point of exhaustion.

Countries like Germany, France, Holland, Belgium have learned the hard way that responsible, functioning well-regulated government is the only way to peace, prosperity and stability.I sincerely believe this is the only realistic option we have. Mixed economies work much better than trickle-down ones. Fortunately, I believe this is what Obama is trying to do, and looking at the polls, more Americans are shifting to the left.
 

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