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Bad Mobs of Good People: The Paradox of Viral Outrage

September 3, 2018 Bilal 0

Bad Mobs of Good People: The Paradox of Viral Outrage https://ift.tt/2LPP83O People become less approving of social media outrage the more people join in with it. One person rebuking another is fine, but ten people doing it looks like a mob. This is the key finding of an interesting new paper called The Paradox of Viral Outrage, from Takuya Sawaoka and Benoît Monin of Stanford. According to the authors, the titular ‘paradox’ is that "individual outrage that would be praised in isolation is more likely to be viewed as bullying when echoed online by a multitude of si Publish Science […]

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Expect ‘deep structural change’ in China-US ties, senior adviser says

September 3, 2018 Bilal 0

Expect ‘deep structural change’ in China-US ties, senior adviser says https://ift.tt/2N1u7rn A senior Chinese government adviser says he expects “deep structural change” in the relationship between the world’s two largest economies after the trade war, with the US treating China as a key rival. Long Guoqiang, vice-president of the State Council’s Development Research Centre, also called for “strategic confidence” and “strategic patience” in China in the face of mounting pressure from tariffs and other punitive trade measures imposed by Washington. The senior adviser made the remarks in a commentary on Wednesday in People’s Daily, mouthpiece of the ruling Communist Party. […]

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Inequality Aversion, Populism, and the Backlash Against Globalization — by Lubos Pastor, Pietro Veronesi

September 2, 2018 Bilal 0

Inequality Aversion, Populism, and the Backlash Against Globalization — by Lubos Pastor, Pietro Veronesi https://ift.tt/2vF0fqZ Inequality Aversion, Populism, and the Backlash Against Globalization NBER Working Paper No. 24900 Issued in August 2018 NBER Program(s):Asset Pricing, International Finance and Macroeconomics, International Trade and Investment, Political Economy Motivated by the recent rise of populism in western democracies, we develop a model in which a populist backlash emerges endogenously in a growing economy. In the model, voters dislike inequality, especially the high consumption of the “elites.” Economic growth exacerbates inequality due to heterogeneity in risk aversion. In response to rising inequality, rich-country […]