Wednesday, November 02, 2011

All or nothing when talking values and money

In this week's editorial, David Brooks either misses the point or hopes to talk around it.

He argues that the Occupy protest movement targets the wrong type of inequality. To make his argument, Brooks organizes inequality into two varieties conveniently named Blue and Red. According to Brooks, Blue inequality--the target of the Occupy movement--consists of the wealth gap between the elite business/finance sector and everyone else. Red inequality consists of the opportunity and values gap between college graduates and those who never make it to college.

The differences between college grads and non-college grads, Brooks says, are "inequalities of family structure, child rearing patterns and educational attainment". Besides making the sweeping generalization that college graduates are better at raising children and run better homes, Brooks makes the common mistake of separating values and economics and then emphasizing one at the expense of the other. The poor need stable, good paying jobs to support a family the way Brooks wants them to. Liberals tend to overemphasize the economics of poverty, while Conservatives focus on values.

Towards his conclusion, Brooks writes that Blue inequality is "not nearly as big a problem as the 40 percent of children who are born out of wedlock. It’s not nearly as big a problem as the nation’s stagnant human capital, its stagnant social mobility and the disorganized social fabric for the bottom 50 percent." With jobs being outsourced or eliminated due to downsizing, and with workers' wages stagnant while CEO pay skyrockets, Brooks is naive to think that if only the poor married before having children, their conditions would improve and opportunity would follow.