Comments on: Focus on equality of opportunity, not outcomes Sat, 21 Jun 2014 15:30:06 +0000 hourly 1 By: A.V Tue, 01 Jan 2013 05:51:27 +0000 What remains of the equality debate aside redistribution ?

2012 has brought a rarity: a very open, spectacular – by all counts – negotiation over redistribution with all sides [givers and takes, that is] involved from legally equal and de facto balanced EU membership positions. A collective bargain along the same lines shouldn’t be any less interesting. Neither is making the case for the overwhelming predominance of normative redistribution in the public sphere of these topics. The intermediation of redistribution is making plenty of news; it leaves the impression of missing the point, by now.

By: bluepanther Tue, 24 Jul 2012 18:27:08 +0000 The key take-away from the article is:
” Over the last 40 years the nation’s leading universities have, with the strong encouragement and support of the federal government, made a major effort to recruit, admit, support and graduate minority students. These efforts will and should continue. But as things stand, a minority youth with strong board scores is considerably more likely to apply and be admitted to a top school than a low-income student with the same scores. It is time the nation’s leading institutions undertook the kind of focused commitment to economic diversity that they have long mounted for racial diversity.”
What I am “hearing” in this remark is that if you are “low-income” but “not minority” you are the victim of discrimination, though Summers dances around that point. Why exactly are “low-income” but “not minority” with strong board scores not “likely to apply and be admitted to a top school.”

By: jambrytay Tue, 17 Jul 2012 18:38:13 +0000 The article says ‘By far the most important step that can be taken to enhance opportunity is to strengthen public education.’ There’s only so much that government and policy can do here.

Arguably the most significant factor in a child’s performance in school is family influence. The plain fact is emphasis on education varies greatly from family to family. I live in an area with a fair number of Asian families, and they tend to push their kids very hard to excel in school. Many high income families have a similar attitude. Kids from these families tend to do well in school, get into top universities, and eventually into high paying professions.

The socialists want to ‘fix’ the problem via the tax code. Yeah, that oughta work…

By: Obsilutely Tue, 17 Jul 2012 13:13:55 +0000 If I remember correctly, Larry, the policies your colleagues (Martin Feldstein, Glenn Hubbard and other like-minded individuals) advocated were a great contributing factor to the situation we are in. I remember watching a documentary that interviewed Martin Feldstein and Glenn Hubbard. When they were confronted about being compensated generously for changing policy to favor the banks and financial institutions they either froze up or got angry at the interviewer. For all who read this post, take a look at the documentary “Inside Job” created in 2010. No, it’s not about 9/11. It’s about the people and companies who caused the crash and how they did it. It also paints a nice picture of how a few Harvard personnel are willing to skew or violate their ethics for money.

By: whyknot Tue, 17 Jul 2012 09:43:44 +0000 Has Larry taken up the cross ? from economist to preacher

By: AdamSmith Tue, 17 Jul 2012 06:10:20 +0000 Sometimes little things mean a lot.

I’ve noticed that some of the columnists at Reuters set their reader comments to be moderated, with a long time delay. A sign of excess caution, or pusillanimity, on the part of such columnists, it seems to me. Not very attractive in anybody.

Larry Summers, on the other hand, lets his readers’ comments post quickly, without moderation. To me this signifies both self-confidence and courtesy on his part.

I don’t agree always with his opinions, but I do appreciate this characteristic in any person or writer.

By: trevorh Tue, 17 Jul 2012 00:39:39 +0000 Ok, I’m not accusing Summers of being a liar like the boy in the story, but for some reason whenever I see a liberal academic elite, sheep comes to my mind.

Especially when it comes to liberal academic economists, it’s a whole flock of sheep far into the horizon. An excellent sleep aid!

By: trevorh Tue, 17 Jul 2012 00:28:52 +0000 Poor Summers, a perfectly balanced and thoughtful piece of writing, yet most of the comments are negative rants lol

Remind me of this story: stories/boy.html

Since you wanted equal outcomes so much in the past, now you change to equal opportunity, most people wouldn’t believe you lol

By: stevedebi Mon, 16 Jul 2012 22:50:41 +0000 Only an Ivy League Liberal could take a good concept like equality of opportunity and turn it into some kind of wealth redistribution scheme. People in this country can already rise to the level of their abilities, if they want to work for it.

Attempting any kind of “equal outcomes” (including this one) inevitably leads to everything going down to the least common state. Like combining hot and cold water, the result is lukewarm and not very appetizing to drink. In terms of economics, it never enhances lives; it only makes all equally mediocre.

By: usagadfly Mon, 16 Jul 2012 20:43:30 +0000 Growing inequality which merely reinforces current elites must be stopped.

The most obvious way to do this is to take back the right of ethnic and racial groups to choose their own leaders and their own social structure. Our “united” Government is simply not in the interest of the population and has failed in its purpose, which was to “unite” us, not to “conquer” us. But it behaves like a conquerer rather than a representative. It is alien, both above and beyond us in its own view.

As long as we each serve foreign groups indifferent to the quality of our lives, we will be subservient peoples. Only independence offers us the hope of freedom.