Liberalism and inequality

by Joao Fabiano

Why inequality matters

Philosophers who argue that we should care about inequality often have some variation of a prioritarian view. For them, well-being matters more for those who are worse off, and we should prioritise improving their lives over the lives of others. Several others believe we should care about inequality because it is inherently bad that one person is worse off than another through no fault of her own – some add the requirement both persons should be equally deserving. Either way, few philosophers would argue that we should worsen the better off, or worsen the average, while keeping the worse off just as badly off, only to narrow the inequality gap. Hence, when it comes to economic inequality we should prefer to make the poor better off by making everyone richer instead of making everyone, on average or sum, poorer. Moreover, in most views it is reasonable to care more about inequality at the bottom and less about inequality at the top. We should prefer to reduce inequality by making the worse off richer instead of closing the gap between those who are already better off. I believe a closer inspection at how these equalitarian/prioritarian preferences translate into economic concerns can lead one to reject a few common assumptions.

It is often assumed that the liberal economic model, when compared to strong welfare models, is detrimental to human economic equality. Reducing poverty, equalitarianism and wealth redistribution are, after all, one of the chief principles of the welfare State. The widening of the gap between the top and the bottom is often cited as a concern in liberal States. I wish to argue that out of the various inequality statistics available, if we look at the ones that seem to be more relevant for equalitarian ethics, then strong welfare States fare worse than economically liberal States[1]. For that, I will focus on a comparison between the US and European welfare States’ levels of inequality. Continue reading

Don’t stay up and decide: sleep deprivation and the culture of late night summits

Would you trust a minister of finance explaining how he just fixed the latest euro-zone deal if he came out of the summit chambers tipsily waving a glass of wine? No? What about if he gave a press conference after an all-night session? Most likely nobody would even notice.

Yet 24 hours without sleep has (roughly) the same effect on decision-making as a 0.1% blood alcohol content (six glasses of wine in an hour). You would not be allowed to drive at this alcohol level, but you are apparently allowed to make major political decisions.

The example is from a blog essay (in Swedish) by Andreas Cervenka, where he asks the sensible question: can we trust sleep-deprived political leaders?

Continue reading