Owen writes:
"Not bad TED on the Divided America."
Let us pretend it is easier to build social capital in groups where there is
low variance of various individual attributes amongst members of the group,
e.g. they are white, or share some particular history. What is the
quantitative economic benefit of the social capital?
Ok, let's look at 2015 GDPs by state, and the also estimated GDPs for 2017.
Data is from U.S. Census Bureau State and Local Government Finance.
(I added an election result flag from CNN, treating Michigan as a NA where "1"
means the state was called for Hillary Clinton.)
States called for Clinton had higher mean and median growth rates
Clinton meanGrowth
0 2.346667
1 2.495000
Clinton medianGrowth
0 2.40
1 2.45
Further, the total GDP by State was higher in total for Clinton states (2015
and est. 2017, respectively).
2015 Gross State Product:
Clinton Billions$
0 8571.3
1 8792.1
Estimated 2017 Gross State Product:
Clinton Billions$
0 9143.2
1 9554.6
If the hypothesis is that social capital (of the sort that Trump states value),
leads to economic benefits, then this does not support that hypothesis.
Parochialism loses.
I posit parochialism is preferred by individuals that fail to imagine anything
bigger -- the ideas that we all can share, even if we don't know one another.
Marcus
________________________________
From: Friam <[email protected]> on behalf of Owen Densmore
<[email protected]>
Sent: Wednesday, November 16, 2016 8:37:42 PM
To: Complexity Coffee Group
Subject: [FRIAM] Fwd: TED talk
Not bad TED on the Divided America.
Anyone know Jonathan Haidt? I'm going to read his most recent book. He's got
other TEDs as well.
-- Owen
---------- Forwarded message ----------
From: Owen Densmore <[email protected]<mailto:[email protected]>>
Date: Wed, Nov 16, 2016 at 6:19 PM
Subject: TED talk
To: Wedtech <[email protected]<mailto:[email protected]>>
This is the TED talk I mentioned at lunch.
https://www.ted.com/talks/jonathan_haidt_can_a_divided_america_heal
The speaker, Jonathan Haidt, is fascinating and has several books and prior TED
talks.
Oddly enough, I stumbled across this via a Brendan Eich tweet!
-- Owen
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