Posts Tagged ‘rich’

Evidence that the Meritocracy is Made Up of Poor People

Many wealthy Americans believe that dysfunctional behavior causes poverty. Their own success, they would insist, derives from good character and a strict work ethic. But they would be missing some of the facts. Ample evidence exists to show a correlation between wealth and unethical behavior, and between wealth and a lack of empathy for others, and between wealth and unproductiveness.

The poor, along with a middle class that is sinking toward them, make up the American meritocracy. Here is some of the evidence.

1. The Poor Don’t Cheat As Much
2. The Poor Care More About Other People
3. The Rich Focus on Me, Me, Me
4. The Poor Give a Greater Percentage of Their Money to Others
5. Entrepreneurs are in the (Sinking) Middle Class

The Self Attribution Fallacy

By George Monbiot. Published in the Guardian 8th November 2011

If wealth was the inevitable result of hard work and enterprise, every woman in Africa would be a millionaire. The claims that the ultra-rich 1% make for themselves – that they are possessed of unique intelligence or creativity or drive – are examples of the self-attribution fallacy. This means crediting yourself with outcomes for which you weren’t responsible. Many of those who are rich today got there because they were able to capture certain jobs. This capture owes less to talent and intelligence than to a combination of the ruthless exploitation of others and accidents of birth, as such jobs are taken disproportionately by people born in certain places and into certain classes.

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