Monday, 29 August 2011

Misery Loves Company

GDP per capita vs GINI
The reactionaries declare as if it were true, that socialism leads to equality in misery. The effort to reduce the wealth gap, hurts the most productive, so hurts everybody. This is a view, the libertarian-conservatives cannot justify, but they never the less repeat themselves as if their views are objectively true.

But when we look at the facts -

Although the USA is an example that might back their argument that its possible to have high gdp/capita and a large gap between rich and poor, on a scatter plot of nations it is an outlier, a special case.

From the scatter plot you can see that a large wealth gap is well associated with low gdp/capita and visa versa.

wiki entry on

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