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Does the Richness of the Few Benefit Us All?, by Zygmunt Bauman
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It is commonly assumed that the best way to help the poor out of their misery is to allow the rich to get richer, that if the rich pay less taxes then all the rest of us will be better off, and that in the final analysis the richness of the few benefits us all. And yet these commonly held beliefs are flatly contradicted by our daily experience, an abundance of research findings and, indeed, logic. Such bizarre discrepancy between hard facts and popular opinions makes one pause and ask: why are these opinions so widespread and resistant to accumulated and fast-growing evidence to the contrary?
This short book is by one of the world’s leading social thinkers is an attempt to answer this question. Bauman lists and scrutinizes the tacit assumptions and unreflected-upon convictions upon which such opinions are grounded, finding them one by one to be false, deceitful and misleading. Their persistence could be hardly sustainable were it not for the role they play in defending - indeed, promoting and reinforcing - the current, unprecedented, indefensible and still accelerating growth in social inequality and the rapidly widening gap between the elite of the rich and the rest of society.
- Sales Rank: #1041302 in Books
- Published on: 2013-08-05
- Original language: English
- Number of items: 1
- Dimensions: 7.50" h x .35" w x 5.00" l, .26 pounds
- Binding: Paperback
- 100 pages
Review
'Bauman lists and scrutinizes the tacit assumptions and unreflected-upon convictions upon which such opinions are grounded, finding them one by one to be false, deceitful and misleading.'Expofairs
About the Author
Zygmunt Bauman is Professor Emeritus of Sociology at the University of Leeds, UK. His books have become international bestsellers and have been translated into more than thirty languages. His many publications include Liquid Modernity, Liquid Love, The Art of Life, Living on Borrowed Time and, most recently, This is not a diary.
Most helpful customer reviews
5 of 5 people found the following review helpful.
Makes obvious points that scores of others have also made, but who is listening?
By Robert Moore
I can't disagree with anything that Bauman says in this small little book - actually not much larger than what would be considered a pamphlet - but I do wonder why it is that anyone at this point would disagree. If there is any position in economic theory that is less plausible at this point in history, it is any of the various versions of trickle down. The argument ought to strike anyone as pure bunk the very second they first hear it. There is a marvelous story that I heard attributed to Will Rogers, but in subsequent reading of Rogers I can't find in his writings. So let me say it is possibly original to Rogers. It sounds like Rogers. In it, he quips that some people think gold is like water: put it at the top and it will trickle down to everything underneath. But, he says, gold isn't like water at all; put it at the top, and it just stays there. The story is a perfect analogy for the truth about trickle down economics. If you shift portions of wealth in society to the wealthy, the only thing it achieves is furthering enriching the wealthy. The was shown in the 1890s. It was shown in the 1920s. It was shown by the massive Reagan tax cuts in the 1980s (though most people forget or choose to have never known that Reagan also shoved through the largest peacetime tax increases after the huge deficit he created slowed down the economy; only the new tax cuts pushed more of the burden over to the middle class). The failure of the Bush tax cuts in the past decade did nothing to prove that trickle down didn't work. That had already been proven beyond any question. All the Bush tax cuts proved was that there is a segment of our society that simply doesn't care if others have to suffer for their benefit.
As a principle, the United States has embraced welfare for the very rich, as we employ a variety of methods to enable the wealthy to simply keep all that they obtain. I don't see that changing any time soon simply because this has not, for some reason, angered enough Americans. Until it does, we are going to continue to allow a very small number of Americans to possess vastly more than they are entitled to. Benjamin Franklin was one of the wealthiest Americans of his time and was a passionate believer in a progressive income tax. He made a large amount of money, he said, because the rest of Americans had provided a society and structure to make his economic success possible. Today the very rich seem to think that somehow they have done something that makes them somehow more worthy. Franklin felt that he should pay a much larger amount of taxes than the poor because it was by the effort of everyone in a society that made all of it possible.
Bauman's book is not among the best that I've read on the subject, but there is nothing I find untrue or inaccurate in it, and I'll give it five stars for being spot on. We are in one of the most immoral periods of American history in my opinion. We have become a nation obsessed with wealth. This stands in contrast with John Maynard Keynes in a remarkable piece he wrote called "Economic Possibilities for Our Grandchildren." In it, he imagined what the goals of people under advanced capitalism would me. He didn't conceive that the mere acquisition of more money when one already had enough would be a possibility. Instead, he thought people would seek more leisure, cultivate more hobbies, develop more sophisticated interests, and above all seek shorter work weeks. Why work 40 or more hours when you could work 18 and have all the money you would need. But capitalism has not developed in the way that Keynes thought it would. Instead of doing something interesting with their lives, the very rich merely devote their lives to making more money.
4 of 5 people found the following review helpful.
Not Very Impressive
By Clarissa's Blog
Zygmunt Bauman is one of the leading thinkers of our times whose work has inspired several generations of philosophers, sociologists, and literary critics. Unfortunately, as a popularizer of his complex ideas, Bauman is not that good.
My problem with this book is that its intended audience does not seem to exist. People who are likely to read Bauman don't need to be persuaded that trickle-down theories of economics are ridiculous. And people who really believe that the concentration of wealth in the hands of a tiny group of multi-billionaires benefits a society at large will not have the intellectual sophistication to understand Bauman's books or even know who he is.
I have been reading everything Bauman publishes but this book gave me nothing of value. I know everything he says here and the book felt like repetitive and insistent preaching to the converted.
1 of 1 people found the following review helpful.
Why greed is not good
By Malvin
“Does the Richness of the Few Benefit Us All?” by Zygmunt Bauman meaningfully addresses perhaps the central issue facing democracy in our time. At age 88, Professor Bauman remains one of the world’s most influential sociologists. This concise, thoughtful and accessible book will interest readers contemplating the ethics of greed versus mutuality; and what we can do about it.
Professor Bauman shares statistics illustrating the extreme divide that has opened between the haves and the have-nots. With purchasing power concentrated in fewer hands, the economy has suffered through both inflated asset bubbles and slower growth due to anemic consumer demand. Critiquing Margaret Thatcher’s ill-considered comment about innate talent, the author suggests that we can do far better by lifting up the masses through improvements to the greater social environment.
Professor Bauman cites important thinkers from the past who share his contention that greed is not good. For example, John Maynard Keynes hoped that a more peaceful, artistic and spiritual steady-state economy would emerge once humanity’s basic material needs were met. Ivan Illich believed that human conviviality was far more satisfying than the pursuit of material goods. And so on. Simply put, through Professor Bauman's demonstrated mastery of philosophy and understanding of our unique time and place in history, we are empowered to struggle for the better future that can be ours, if we want it.
I highly recommend this excellent book to everyone.
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