Can’t buy me meaning? Money cuts a quicker path to happiness

In the pursuit of happiness, money probably trumps meaning. KEY TAKEAWAYS Researchers and philosophers identify two types of psychological wellbeing, which can be summarized as the purposeful and the pleasurable.  Previous research has already established that, on average, wealthy people experience happier, more meaningful lives. A new study asks a more nuanced question: Does meaning predict happiness, regardless of wealth?  The results suggest that meaning is less important to happiness for wealthy people. More importantly, meaning may be extra important for people without much money. by Elizabeth Gilbert The search for meaning is woven tightly into the pursuit of a life well lived. … Continue reading Can’t buy me meaning? Money cuts a quicker path to happiness

The Midas Disease

Corruption is a truly global crisis and the wealth addiction that feeds it is hiding in plain sight by Sarah Chayes is the author of On Corruption in America: And What Is at Stake (2020), published in the UK as Everybody Knows: Corruption in America, the Los Angeles Times Book Prize winner Thieves of State: Why Corruption Threatens Global Security (2015) and The Punishment of Virtue: Inside Afghanistan After the Taliban (2006). In Kandahar, Afghanistan, in late 2001, I watched a girl of about nine strip a Kalashnikov rifle, inspect the bullets and reload the sound ones in a matter of minutes. That child lived in a … Continue reading The Midas Disease

The Buddha on Poverty and Plutocracy

In a recent dharma talk, David Loy emphasizes the economic roots of the climate crisis and calls for structural, not just individual, change. By David Loy “Why is it that we as a civilization are finding it so difficult to respond appropriately to the greatest challenge that humanity has ever faced?” professor, writer, and Zen teacher David Loy asks in a recent dharma talk titled “What Is Engaged Buddhism Missing?” The reality, Loy says, is that “the ecological crisis is deeply implicated in the basic structure of our economic system. . . In other words, the eco-crisis is also an economic—especially … Continue reading The Buddha on Poverty and Plutocracy

Book Review: A Doctor’s Impassioned Critique of Big Pharma

In “Sickening,” Harvard professor John Abramson chronicles the deceptive marketing practices of the drug industry. BY TROY FARAH COMPARED TO OTHER high-income countries, the fitness of Americans is in dismal shape — and has been declining for decades. Even before the Covid-19 pandemic accelerated health disparities, crisis on top of crisis has compounded to create even more devastating conditions for a growing number of people, especially marginalized groups. There is the diabetes crisis, the obesity crisis, and, of course, the despair crisis, which includes the rising tide of suicides, alcohol poisoning, and drug overdoses — claiming an average of 70,000 lives annually from 2005 to 2019. … Continue reading Book Review: A Doctor’s Impassioned Critique of Big Pharma

The Russian Elite Can’t Stand the Sanctions

The latest measures are far more effective than Western powers’ past efforts to target Russia’s elite. By Brooke Harrington About the author: Brooke Harrington is a sociology professor at Dartmouth College. She is the author of Pop Finance and Capital Without Borders: Wealth Management and the One Percent. Her site is brookeharrington.com. The United States, United Kingdom, and European Union had barely announced sanctions on overseas Russian wealth when the oligarchs began to whine and protest. That meant the policy—enacted after Russia invaded Ukraine—was working as intended, to punish Russia’s elites for supporting President Vladimir Putin. By last weekend in Moscow, the Russian-state-television host Vladimir Solovyev raged on camera over … Continue reading The Russian Elite Can’t Stand the Sanctions

The worldly turn

After generations of ‘blackboard economics’, Berkeley and MIT are leading a return to economics that studies the real world Tom Bergin is an investigative financial journalist for Reuters. His work has prompted parliamentary inquiries and won numerous awards in Britain, the United States and Asia. He is the author of Spills and Spin: The Inside Story of BP (2011) and Free Lunch Thinking: How Economics Ruins the Economy (2021). He lives in London. For the workers who are curious why their wages have not increased in the past decade – while the incomes of some, such as footballers, have soared – the Bank of … Continue reading The worldly turn

What You’re Really Worried About When You’re Worried About Money

Once you’ve met your most basic needs, an obsession with your bank account might be hiding deeper anxieties. By Arthur C. Brooks Money is one of the things Americans worry about most in the world. Even in 2018, when the economy was expanding, a survey by the life-insurance company Northwestern Mutual found that more than half of Americans felt anxious or insecure about money sometimes, often, or all the time. And during the pandemic, another survey found that workers were almost five times more likely to worry about money than their health. That’s not to say that so many of us need to worry about money: … Continue reading What You’re Really Worried About When You’re Worried About Money

Among Social Scientists, a Vigorous Debate Over Loss Aversion

A principle that explains decision-making — from investor behavior to insurance markets — isn’t ironclad, experts argue. BY MICHAEL SCHULSON WHILE MOST PEOPLE have likely never heard of loss aversion, the concept — arising in the social sciences some four decades ago — is among the most influential in the behavioral sciences. In a nutshell, it holds that when people make decisions, the impact of losing something carries greater weight than the impact of gaining something of similar value — or that, in the often-quoted words of psychologists Daniel Kahneman and Amos Tversky, “losses loom larger than gains.” The idea has come to inform empirical … Continue reading Among Social Scientists, a Vigorous Debate Over Loss Aversion

Artificial Intelligence Will Kill Capitalism

Technology Will Kill Your Job. And it will happen sooner than you think… by Laurent Alexandre -OpEd- PARIS — For a long time, artificial intelligence was little more than science fiction — now it’s now just a matter of time until it becomes reality. The boom of computing capabilities have seen the power of servers multiplied a billion times over in the span of just 31 years, making it likely that an artificial intelligence superior to our own will emerge in the coming decades.The GAFA (Google, Apple, Facebook and Amazon) Internet giants, as well as IBM, have all been investing massively in the … Continue reading Artificial Intelligence Will Kill Capitalism

OBESITY MACHINE: HOW THE PROCESSED FOOD INDUSTRY PROFITS FROM EATING DISORDERS

Dr. Tim Coles, New Dawn Waking Times Scientists, politicians, media, and health professionals note that Western countries face obesity and fatness epidemics. Large numbers of poor, malnourished children are obese because the cheap, processed, low-nutrient food bought by their parents – bread, cereals, snacks, etc. – contains high concentrations of sugars. In addition to the systemic factors explored below, there are darker, more secretive reasons for our addiction to what the late philosopher-comedian George Carlin called “slow death by fast food.” But it is not just fast food. To save money on raw materials, sell innovation to other companies, and hook … Continue reading OBESITY MACHINE: HOW THE PROCESSED FOOD INDUSTRY PROFITS FROM EATING DISORDERS