Category: Ungleichheit

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Marx Home

The home of an influential philosopher, economist and political scientist is not easily presented like a home of a musician, a composer or an author. However, the home of Karl Marx in Trier on the Moselle river succeeds to present the biographical links of growing up in a historic city, the bourgeois upbringing of the young Marx and his formation as an independent and even revolutionary thinker of the economy and society. In 2025 the home is a museum supported by the Friedrich Ebert Foudation with a great online guide and access to additional scientific material. For authors like Karl Marx it is always of interest to follow not only the origin and evolution of the thought process, but also the shifts in the reception of his writings by subsequent generations. This part of the exhibition and an audio guide (downloadable as App).

In 2025 with an apparently ruthless capitalism at work in the biggest economy of the globe, the reminder that the economy is best to be understood as a political economy, which focuses on self-interest and profitable business deals, we find in Karl Marx still a worthwhile reminder of economic development even in the 21st century. The note-taking and studies in Exile in London are well documented in the tiny home and museum. Studying the misery of exploitation in supply chains and international commerce remains a topic of continuing interest as well. 

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Liszt home

In Budapest we can visit one of the longer living places of Franz Liszt or Ferenc Liszt as some Hungarians would insist to call him. The Beethoven trained Carl Czerny offered piano and music classes free of charge to the young Franz Liszt in Vienna at the age of 11. In the biography by Klára Hamburger she describes the Paris years of Liszt from 1823 until 1839 as the most important ones for the pianist and particularly for his later compositions. Born in Hungary, the son of 2 Austrian parents he was trained in Paris by amongst others the Czech professor of the Conservatoire de Paris Antonin Reicha just like Chopin, Flotow or Offenbach. Writing an opera was the “must do” for a composer who aimed for the highest possible career at the time. In a letter to George Sand, Liszt (published 1937) complained already about the social status of musicians in society as servants to the higher ranks of society. Similar to Ravel many years later Liszt was rejected as official scholar by the Conservatoire de Musique and his wish to marry a daughter of noble decent was rejected early in his career. Such experiences probably contributed to his leaning towards the romantic form of expressions in music during most of his compositions. Literature, paintings of the French romantic period and the traveling artist “voyages et pèlerinages” became influential in his creative process. The competition between composers must have been fierce at the time and despite ample opportunities to perform in public and private venues making a living from music wasn’t always easy at the beginning. More than 100 years after his death his compositions are still a challenge for all pianists and the Hungarian Rhapsodies probably his greatest homage to his early childhood.

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Retirement Plans

There are debates about the best organization of retirement. The major fault lines lie between public pension systems and systems that are built based on mainly private provision. Retirement plans in either system are subject to constraints. The recent stock market turbulence has increased the amount of uncertainty people face who invested in 401K plans in the US. Some had to take an unannounced hit to their retirement savings due to the loss after Trump’s back and forth policies on tariffs (OECD Pension Outlook). High volatility of stock market prices creates an additional constraint that you are less inclined to retire when your retirement investments have overall a reduced value. You are a bit at the mercy of capital markets even in your retirement decision, irrespective of the difficulty to predict what your retirement funds will yield as returns. Quite an important lesson to keep in mind when comparing retirement systems in OECD countries. It has been all too easy to blame public pension systems for maybe lower short term interests on pension savings. Being subject to an American president concerning your retirement plans is probably not what many countries would like to have. Trump’s choices on tariffs may have consequences we did not expect to affect us so directly.

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Deus DEI

In Latin the declination of deus = god starts with the genitive form “dei”. In the world of universities and labor markets the abbreviation “DEI” stands for diversity, equity and inclusion. These 3 topics have ensured for years that a university campus looks a bit more like society at large, even if biased towards younger generations. The MAGA saga of the USA in 2025 starts to turn the clock back on hard to accomplish advances in DEI-hiring and promotion. This likely to reduce the number of international students on US campuses and will make campuses look WEIRD again. Moreover, lots of talented students will seek DEI campuses in other countries to avoid discriminatory hiring practices and arbitrary risk of visa denial.  Europe is likely to benefit from this kind of brain drain and skill shortages might be substantially reduced due to such unprecedented shifts in US policies. The cuts of billions of grants to renowned universities for political reasons will leave a yawning gap of talent in the US in a few years time, the latest. Early movers will move very quickly to anticipate the exodus of talent.  It is puzzling to watch how quickly years of DEI policies might be undone with thousands of people and projects at a loss. Scholars of American history are reminded of the McCarthy era of political prosecution or the dismal period for science under the Nazi-rule in Germany. Americans seem to get much worse and extreme policies than they thought they voted for. “Deus Dei” also means “god of god” and in the current American political context the judgement of a god by another god has maybe a historical meaning. In the table of the Estonian town hall in Tallinn the inscription alerts rulers to beware of being judged as well. Sounds like a timely reminder to overly ambitious politicians.

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Warming consequences

The live of honey bees is rather busy and well organized. Global warming necessitates new risks and new opportunities for honey bees. The flowering season starts earlier in Europe and bees start earlier ro their collection of nectar and their service of pollination to other flowers. In early April 2025 in France near Paris we observe wild bees already in their daily routine. However, the risk of cold nights is still there, albeit those building their homes below the surface are a bit less at risk during a frosty night. Seeking a clever shelter is a good strategy for survival particularly at times of global warming. Some kinds of wild bees seem to sense this already changing homes from one season to next one. Humans remain their toughest enemies as they restrict their choices quite severely. Man-made pollution and herbicides are beyond bees’ control and cause havoc in the ecosystem of bees. Apiculture is an interesting science also for social scientists as this forerunner species of the matriarchy has evolved into a well-organized productive society. They are a bit harsh to each other and communication is rather unidirectional, but an interesting social cosmos of its own kind.

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Value destruction

The destruction of economic values as they are embedded in quotations on national and international stock exchanges has reached levels after the US tariffs announcements of unprecedented levels. Only the banking crisis had reached similar levels and bursting speculation bubbles. Whereas professional investors might have seen this coming, the normal small investors who had hoped for a positive effect of Trump’s economic policies on shareholder values, which occurred right after the election has been wiped off already. For those people who rely on stock market investments for their pensions have to digest heavy losses now. The second round effects of reduced consumption of pensioners who have lost 10% of their retirement savings will further aggravate the situation for this group of people. Paired with higher expected inflation the economy will be forced into a recession caused by Trump’s tariff announcements and enactments. As this will lower prices of oil and gas as well as other raw materials, his electoral base of tycoons following a « drill baby drill » device experience also losses. A lot of damage all around him leaves millions of people in the US with losses to digest. Probably even more across the world, particularly in the poorest countries of the world. Such a real world macroeconomic experiment is like playing poker on a global scale. However, many countries may build new alliances that may wither the storm better than Trump anticipated. Hence, the game of poker will reenter economic textbooks again in addition to game theory and maybe chess strategies. (Image winter sunset).

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Rich richer

The US economy under Biden had continued to make Americans richer. In an article by Talmon Joseph Smith in the New York Times from 2025-4-3 p. 7 the puzzle that Americans have grown richer, but don’t feel it, has been well explained. The large share of households owning their homes albeit with mortgages from low interest periods have witnessed their increased wealth. However, inflation is eating into their cash available for daily purchases. With another round of tariffs and additional inflationary pressure caused by those, the average person or household doesn’t fell much better off than some years ago. Economic anxiety and our preference for loss aversion or loss avoidance make us react with consumption restrictions to prepare for increased risks as well increased uncertainty about the directions of the whole economy and our very private wealth and consumption patterns. How and when the US economy will get back on track remains to be seen. Higher uncertainty usually reduces investments and with increasing interest rates again the economic recovery might be protracted. The NYT p.7 cites business owners with statements like “we’re not putting our foot on the brake, but we’re taking our foot off the gas.” Betrayel of working class people due to rising unemployment after 3 years of very low unemployment is likely to widen wealth gaps in the US population even further. The rich will get richer, but at high costs to the population as a whole. (Image: ceiling painting in Petit Palais, Paris).

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Private Intimacy

Intimacy has been reserved for private affairs for centuries. Although in the medieval ages formally the right of so-called noble men could be very far-reaching into intimacy of families when the permission to marry was quite restrictive. The private intimacy is the central theme of the Paris exhibition at MAD (Link) « Private Lives ». The organization into 14 almost private rooms around a larger center piece on design leads us through the major topics of intimacy. Maybe as a surprise to some, the exhibition starts with the major actors of change related to privacy and intimacy, i. e. women. Opening up enclosures gave women more room for intimacy and at the same time it made intimacy a conscious choice and decision. “A room of one’s own” is an important step in personal development of children particularly with respect to one’s intimate life. Restrooms are another issue of intimacy, just consider recent adaptations tor m/f/d people. A whole set of accessories are on display which previously were intimate products or even secrets prepared for public viewing. Of course odors are part of the experience with a test space of noble perfumes. The various manifestations of sexuality has brought about a growing number of pleasure objects, which might also be criticized as a growing commodification of intimacy as well. The connected bedroom and the risk of surveillance are raised to warn on overexposure on social networks. Intimacy in prisons or community shelters closes the exhibition before the final highlight the room on “conversations with oneself”. A whole literary form of keeping an intimate journal has arisen from the conversations not intended to be shared with others, at least not during one’s lifetime. After a person’s death for some persons of public interest even their private intimate journals will be published shifting the balance between the private and public parts of intimacy. (Image below from exhibition, photo bottom left, Matisse painting on wall while in bed in old age). 

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Intimate change

Society changes and with it so does intimacy. The major changes pass through the behavioral changes of persons and sooner or later the whole society adopts such changes as the new normal. Trends of individualization have moved over centuries as the exhibition in the Museum of decorative art (MAD) in Paris demonstrates. At the same time the changed individual approaches to intimacy have become more widely spread quickly over time. Social media have accelerated such new trends again. Social class is yet another intervening variable in this context which created different speeds of adjustment as well as sustaining differences in kind. 

Religious beliefs and practices have made claims about how individuals should handle intimate relationships and affairs. Legal issues are defined by each society to guide moral practices as well. Hence, the sociology of intimacy is a huge topic and comparing societies an interesting topic. The development of intimacy over a person’s life course, however, is given little attention due to a lack of adequate longitudinal data. From the exhibition we are encouraged to think about the relationship of hygiene and intimacy. Bathrooms accompany us throughout our lives and privacy was originally a bourgeois concept. Over the life course we move from dependency to independence and maybe dependency again in very old age. The images (below) from the MAD exhibition range from basics of bath tubs to a painting of Edgar Degas in the background. Instagramer or YouTuber share lots of images and stylized arrangements of bathrooms on social media. It seems that intimacy is moving further into the public domain. 

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Tariffs trumped

Economists are used to differentiate between micro-and macro-level effects of tariffs. For each buyer of a car, import tariffs raise expectations about prices for a product. Many consumers will then decide to buy lower quality at the same price or postpone buying a new or replacement product for some time. For cars it might mean that many people will then decide to buy rather later than sooner. If thousands of people do so, the market will fall into recession overall and it will take months or years to come back to the same or a higher level. A political economy perspective has taught us that eager politicians are in favor of a short recession immediately after an election which increases the chances of re-election once the economy gets back to normal or catches up on lost growth. 

The US under Trump apparently gambles with such an economic rationale. Short term inflation is already rising, interest rates stay high before the upheaval caused by tariffs starts to settle. 

There is, however, another alternative mechanism at work as well. Thorstein Veblen long ago hinted towards what is not called in economics the Veblen effect. Some fancy cars for example can raise prices well above others because of their cleaving image. Just because they get even more expensive the buyers of such products gain additional attention as part of a social class which does not have to care much about their additional spending. The consequences of tariffs will most likely widen the gap between those saving dearly and those able to splash out cash despite increased tariffs. The most felt consequences, therefore, will be on social inequality within the US (compare WSJ 2025-4-24 A2 by Juliet Chung, “Richest of Rich Gain §1 Trillion”).