The more unequal a society’s income distribution, the more health and social problems ail both the rich and the poor.
With this theory brought to his attention through the “quite fascinating book“Â The Spirit Level, Nicolas Baumard displays the evidence to support the theory that economic inequality is bad for all inhabitants of a country before considering some possible explanations, and looking at what this means in terms of poverty and climate change.
It is common knowledge that in rich societies the poor have shorter lives and suffer more from almost every social problem. In [The Spirit Level], [the authors] demonstrate that more unequal societies are bad for almost everyone – the well-off as well as the poor [â€¦]. The remarkable data the book lays out and the measures it uses are like a ‘spirit level’ which we can hold up to compare the conditions of different societies. The differences revealed, even between rich market democracies, are striking. Almost every modern social and environmental problem – ill-health, lack of community life, violence, drugs, obesity, mental illness, long working hours, big prison populations – is more likely to occur in a less equal society.
Baseball fan? Baumard also points out that “the more equal the salaries in a base-ball team are, the better its performance”.
Wondering why we freely and often make our tastes public (specifically, our brand preferences through Facebook’s ‘Like’ mechanism), Nicolas Baumard discusses how we purchase goods to display our good taste:
In a way, Facebook can be seen as a handy device to send a lot of very precise signals about your opinion and your values! (The average user becomes a fan of four pages every month, according to Facebook). Note that this theory of marketing is just a form of honest signal theory, advocated previously by Veblen in social sciences and Zahavi in evolutionary biology. The difference is that, instead of being focused on the display of wealth, this bourdieusian explanation is interested by other qualities that also need to be adverstised by individuals such as intelligence, social connections, moral disposition, etc.
To conclude, people may buy razors advertised by Beckham not because they think that these razors made Beckham successful or because they trust Beckham is such matters but because buying a razor linked to Beckham convey a certain message about their distinction.
I feel that the ‘Like’ functionality is an expense-less method of conspicuous consumption: signalling your likes and brand preferences without having to actuallyÂ purchase anything (we are saying “I aspire to be the type of person who likes x, y, z” or maybe more accurately “I want you to think I’m the type of person who likes x, y, z”).
I particularly like the introductory section on how Facebook’s ‘Like’ functionality has doubled brand integration on the site, compared to the old ‘Become a fan’ method. It has apparently reduced the mental barriers (lowered the “threshold”, they say) for users to signal their brand preferences, making sharing easier. And that last bit is key for Facebook.
via The Browser