Word: men
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...claim on a certain amount of society's resources and esteem. As men lose that claim, they lose the instruments by which they have traditionally controlled society. A lot of people see that as fitting punishment. There weren't any women among the high-profile malefactors in last fall's financial meltdown. Maleness has become a synonym for insufficient attentiveness to risk. Journalists have lately been having a field day with a study by two Cambridge University professors, J.M. Coates and J. Herbert, who sampled the testosterone levels of London traders and found they positively correlated with high-profit trading...
...Foreign Policy this summer, journalist Reihan Salam predicted that the "macho men's club called finance capitalism" would not survive the present economic ordeal. Provocatively--but correctly--he claimed that this male order rests on foundations considerably older than Ronald Reagan's supply-side revolution. The economic system that FDR shored up was a male one. The New Deal focused on infrastructure at a time when there were not a lot of lady dam builders around. (Salam might also have mentioned the GI Bill, the most effective instrument ever devised for giving a leg up to males in universities...
Although clichés about the "vulnerability" of women in the economy have been disproved by hard BLS data, we want to believe them. When women lose jobs, the victims are women. When men lose jobs, the victims are, um, women, because they have to make up for that lost male income. The scale of male job losses was evident even when the stimulus bill was passed. That did not stop incoming Congressman Jared Polis, a Colorado Democrat, from warning Obama that "gender imbalance in occupations related to physical infrastructure development means that the direct job creation will benefit mostly men...
...Men still make up 53% of the workforce, and the percentage of society's work they do is considerably higher, owing to women's shorter hours and more frequent sabbaticals for child-rearing. In prosperous times, women may yearn for more time at home. But economic realities have a way of washing away these yearnings. One such reality is the recession. Another is that women receive 58% of the bachelor's degrees in this country, along with half the professional degrees...
Should we expect men to cede some control over an economy they have so thoroughly messed up? No. We have no examples of that ever having happened. What we have plenty of examples of--you can see variants of it all over the developing world--is economies in which women do all the arduous work while men sit around smoking and pontificating in coffeehouses and barbershops. For decades, policymakers have been attentive to the flaws of a patriarchal, middle-class, single-earner, nuclear-family-oriented model of family economics--and their attention remains fixed on it. Whether or not that...