Glenn and I argue in our book that the political system has become a monopolistic competition. A good book on the subject is this one from the Hoover Press by James Miller. It’s nice to see that idea confirmed by self-critical thinkers, and here is a very thoughtful essay out just today on race in SLATE by Tanner Colby:
The left has been ceded a monopoly on caring about black people, and monopolies are dangerous. They create ossified institutions, paralyzed by groupthink and incapable of self-reflection. To the extent that liberals are willing to be self-critical, it’s generally to flagellate themselves for not being liberal enough, for failing to stand fast with the old, accepted orthodoxies. Monopolies also lead to arrogance and entitlement, and the left is nothing if not arrogant when it comes to constantly and loudly asserting its place as the One True Friend of Black America. And yet, as good as liberal policies on race sound in speeches, many of them don’t hold up in the real world.
The good news is that this initial essay, excellent throughout, is the first in a series.
Thanks to Christina Hoff Sommers, I finally understand the often-repeated gender pay gap issue (see Sommers’ Daily Best essay here). Actually, one of my econ grad school professors (a female) discussed this, but it faded from my memory until President Obama made a big claim about it during his State of the Union Speech:
President Obama repeated the spurious gender wage gap statistic in his State of the Union address. “Today,” he said, “women make up about half our workforce. But they still make 77 cents for every dollar a man earns. That is wrong, and in 2014, it’s an embarrassment.”
What is wrong and embarrassing is the President of the United States reciting a massively discredited factoid. The 23-cent gender pay gap is simply the difference between the average earnings of all men and women working full-time. It does not account for differences in occupations, positions, education, job tenure, or hours worked per week. When all these relevant factors are taken into consideration, the wage gap narrows to about five cents.
All evidence suggests that though young women have the talent for engineering and computer science, their interest tends to lie elsewhere. To say that these women remain helplessly in thrall to sexist stereotypes, and manipulated into life choices by forces beyond their control, is divorced from reality—and demeaning to boot. If a woman wants to be a teacher rather than a miner, or a veterinarian rather than a petroleum engineer, more power to her.
The White House should stop using women’s choices to construct a false claim about social inequality that is poisoning our gender debates. And if the President is truly persuaded that statistical pay disparities indicate invidious discrimination, then he should address the wage gap in his own backyard. Female staff at the White House earn 88 cents on the dollar compared to men. Is there a White House war on women?